TPH Asset Management LLC Increases Position in EnLink Midstream Partners, LP (ENLK)

TPH Asset Management LLC boosted its stake in shares of EnLink Midstream Partners, LP (NYSE:ENLK) by 306.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 311,308 shares of the oil and gas producer’s stock after buying an additional 234,719 shares during the period. TPH Asset Management LLC owned 0.09% of EnLink Midstream Partners, worth $5,697,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ENLK. State Street Corp increased its position in EnLink Midstream Partners, by 5.7% in the fourth quarter. State Street Corp now owns 19,422 shares of the oil and gas producer’s stock worth $358,000 after buying an additional 1,039 shares during the period. Renaissance Technologies LLC increased its position in EnLink Midstream Partners, by 222.3% in the fourth quarter. Renaissance Technologies LLC now owns 860,300 shares of the oil and gas producer’s stock worth $15,847,000 after buying an additional 593,400 shares during the period. Infrastructure Capital Advisors LLC bought a new position in EnLink Midstream Partners, during the fourth quarter worth about $8,754,000. HITE Hedge Asset Management LLC increased its position in EnLink Midstream Partners, by 73.7% in the fourth quarter. HITE Hedge Asset Management LLC now owns 220,944 shares of the oil and gas producer’s stock worth $4,070,000 after buying an additional 93,781 shares during the period. Finally, Creative Planning increased its position in EnLink Midstream Partners, by 1.7% in the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 123 shares during the period. Institutional investors own 42.61% of the company’s stock.

Institutional Ownership by Quarter for EnLink Midstream Partners, (NYSE:ENLK)

Shares of EnLink Midstream Partners, LP (NYSE ENLK) traded up 6.07% during trading on Friday, hitting $16.42. The stock had a trading volume of 1,075,145 shares. EnLink Midstream Partners, LP has a 52-week low of $14.89 and a 52-week high of $19.89. The firm’s market cap is $5.69 billion. The stock has a 50 day moving average of $16.96 and a 200 day moving average of $17.92.

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A number of equities analysts have issued reports on ENLK shares. Stifel Nicolaus upgraded EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley downgraded EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their price target for the company from $20.00 to $19.00 in a research note on Thursday, June 15th. Guggenheim started coverage on EnLink Midstream Partners, in a research note on Tuesday, April 18th. They set a “neutral” rating and a $18.00 price target for the company. Janney Montgomery Scott started coverage on EnLink Midstream Partners, in a research note on Friday, March 10th. They set a “neutral” rating and a $20.00 price target for the company. Finally, ValuEngine downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $19.09.

EnLink Midstream Partners, Company Profile

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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