EnLink Midstream Partners, LP (NYSE:ENLK) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY cut its stake in EnLink Midstream Partners, LP (NYSE:ENLK) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,034,918 shares of the oil and gas producer’s stock after selling 123,712 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.59% of EnLink Midstream Partners, worth $34,512,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. HITE Hedge Asset Management LLC increased its stake in shares of 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 valued at $4,070,000 after buying an additional 93,781 shares during the period. Creative Planning increased its stake in shares of 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 last quarter. Duff & Phelps Investment Management Co. raised its position in shares of EnLink Midstream Partners, by 2.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,866,399 shares of the oil and gas producer’s stock valued at $34,155,000 after buying an additional 45,000 shares during the period. Hollencrest Securities LLC raised its position in shares of EnLink Midstream Partners, by 122.3% in the first quarter. Hollencrest Securities LLC now owns 51,700 shares of the oil and gas producer’s stock valued at $946,000 after buying an additional 28,443 shares during the period. Finally, Waldron LP purchased a new position in shares of EnLink Midstream Partners, during the first quarter valued at $549,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

Shares of EnLink Midstream Partners, LP (NYSE ENLK) opened at 15.48 on Friday. The company has a 50 day moving average price of $16.69 and a 200 day moving average price of $17.59. EnLink Midstream Partners, LP has a 1-year low of $15.07 and a 1-year high of $19.89. The company’s market capitalization is $5.38 billion.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Tuesday, August 1st were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.56 dividend on an annualized basis and a yield of 10.08%. EnLink Midstream Partners,’s payout ratio is presently -503.21%.

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Several equities analysts have weighed in on the company. BidaskClub lowered EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Stifel Nicolaus raised EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley lowered EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and cut their price target for the stock from $20.00 to $19.00 in a report on Thursday, June 15th. Finally, ValuEngine downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.20.

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.

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

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