Infrastructure Capital Advisors LLC lifted its position in shares of EnLink Midstream Partners LP (NYSE:ENLK) by 6.2% during the 1st quarter, HoldingsChannel reports. The firm owned 2,405,493 shares of the oil and gas producer’s stock after acquiring an additional 140,483 shares during the period. EnLink Midstream Partners accounts for about 3.3% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Infrastructure Capital Advisors LLC’s holdings in EnLink Midstream Partners were worth $32,859,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENLK. First Dallas Securities Inc. bought a new stake in shares of EnLink Midstream Partners during the fourth quarter valued at approximately $109,000. Captrust Financial Advisors bought a new stake in shares of EnLink Midstream Partners during the fourth quarter valued at approximately $130,000. Pitcairn Co. bought a new stake in shares of EnLink Midstream Partners during the fourth quarter valued at approximately $178,000. Icon Wealth Partners LLC bought a new stake in shares of EnLink Midstream Partners during the fourth quarter valued at approximately $226,000. Finally, Cypress Wealth Advisors LLC bought a new stake in shares of EnLink Midstream Partners during the fourth quarter valued at approximately $323,000. Institutional investors own 45.30% of the company’s stock.
In other news, CAO Susan J. Mcaden sold 14,929 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $16.29, for a total value of $243,193.41. Following the completion of the transaction, the chief accounting officer now owns 27,464 shares in the company, valued at $447,388.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.
EnLink Midstream Partners opened at $17.56 on Thursday, Marketbeat Ratings reports. EnLink Midstream Partners LP has a 1-year low of $12.75 and a 1-year high of $18.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $6.22 billion, a PE ratio of 585.33 and a beta of 2.15.
EnLink Midstream Partners (NYSE:ENLK) last posted its quarterly earnings results on Tuesday, May 1st. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. EnLink Midstream Partners had a return on equity of 4.52% and a net margin of 3.09%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue was up 33.3% on a year-over-year basis. research analysts anticipate that EnLink Midstream Partners LP will post 0.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 14th. Stockholders of record on Monday, April 30th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.88%. The ex-dividend date of this dividend was Friday, April 27th. EnLink Midstream Partners’s dividend payout ratio is currently 5,200.00%.
Several equities research analysts recently weighed in on ENLK shares. ValuEngine upgraded EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. B. Riley set a $17.00 price objective on EnLink Midstream Partners and gave the company a “hold” rating in a research note on Monday. Zacks Investment Research cut EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upgraded EnLink Midstream Partners from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, April 4th. Finally, Bank of America lowered their price objective on EnLink Midstream Partners from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. EnLink Midstream Partners presently has a consensus rating of “Hold” and a consensus target price of $16.62.
EnLink Midstream Partners Profile
EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It operates through Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate segments. The company provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate.
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