Eagle Global Advisors LLC increased its stake in EnLink Midstream Partners LP (NYSE:ENLK) by 7.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 897,961 shares of the oil and gas producer’s stock after buying an additional 63,996 shares during the period. Eagle Global Advisors LLC owned about 0.26% of EnLink Midstream Partners worth $16,433,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in ENLK. Alps Advisors Inc. increased its stake in EnLink Midstream Partners by 4.9% in the third quarter. Alps Advisors Inc. now owns 9,688,827 shares of the oil and gas producer’s stock valued at $171,589,000 after buying an additional 450,423 shares in the last quarter. Advisory Research Inc. increased its stake in EnLink Midstream Partners by 3.7% in the fourth quarter. Advisory Research Inc. now owns 7,562,662 shares of the oil and gas producer’s stock valued at $139,305,000 after buying an additional 268,342 shares in the last quarter. Morgan Stanley increased its stake in EnLink Midstream Partners by 30.1% in the third quarter. Morgan Stanley now owns 5,806,200 shares of the oil and gas producer’s stock valued at $102,829,000 after buying an additional 1,342,592 shares in the last quarter. Chickasaw Capital Management LLC increased its stake in EnLink Midstream Partners by 7.1% in the first quarter. Chickasaw Capital Management LLC now owns 5,752,765 shares of the oil and gas producer’s stock valued at $105,276,000 after buying an additional 383,681 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in EnLink Midstream Partners by 20.4% in the third quarter. Kayne Anderson Capital Advisors LP now owns 5,192,708 shares of the oil and gas producer’s stock valued at $91,957,000 after buying an additional 879,200 shares in the last quarter. 40.20% of the stock is currently owned by institutional investors.
EnLink Midstream Partners LP (NYSE:ENLK) traded up 2.09% during mid-day trading on Friday, hitting $17.61. 526,997 shares of the stock traded hands. EnLink Midstream Partners LP has a 12-month low of $14.46 and a 12-month high of $19.89. The company has a 50 day moving average of $17.94 and a 200-day moving average of $17.95. The stock’s market cap is $6.10 billion.
EnLink Midstream Partners (NYSE:ENLK) last announced its earnings results on Tuesday, February 14th. The oil and gas producer reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.22. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $1.13 billion. EnLink Midstream Partners had a negative net margin of 30.61% and a positive return on equity of 1.90%. During the same period in the previous year, the firm earned ($2.17) earnings per share. Equities research analysts forecast that EnLink Midstream Partners LP will post $0.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Tuesday, May 2nd were issued a $0.39 dividend. The ex-dividend date was Friday, April 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.04%. EnLink Midstream Partners’s payout ratio is -38.90%.
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Several analysts have weighed in on ENLK shares. Zacks Investment Research downgraded shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Guggenheim assumed coverage on shares of EnLink Midstream Partners in a report on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Janney Montgomery Scott assumed coverage on shares of EnLink Midstream Partners in a report on Friday, March 10th. They issued a “neutral” rating and a $20.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. EnLink Midstream Partners presently has an average rating of “Hold” and a consensus target price of $19.18.
About EnLink Midstream Partners
EnLink Midstream Partners, LP is a midstream company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate.
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