EnLink Midstream Partners, LP (NYSE:ENLK)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $14.81 and last traded at $14.78, with a volume of 219,104 shares trading hands. The stock had previously closed at $15.25.

Several equities analysts have recently issued reports on the company. ValuEngine downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. BidaskClub downgraded EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Morgan Stanley downgraded EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and reduced their price objective for the stock from $20.00 to $19.00 in a research report on Thursday, June 15th. Finally, Stifel Nicolaus upgraded EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, June 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.20.

The stock’s market capitalization is $5.13 billion. The firm has a 50 day moving average price of $16.65 and a 200-day moving average price of $17.56.

The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Tuesday, August 1st were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date was Friday, July 28th. EnLink Midstream Partners,’s dividend payout ratio is currently -503.21%.

A number of institutional investors have recently made changes to their positions in the stock. Linscomb & Williams Inc. boosted its position in shares of EnLink Midstream Partners, by 2.1% in the second quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock worth $185,000 after buying an additional 227 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of EnLink Midstream Partners, during the second quarter worth approximately $103,000. The Manufacturers Life Insurance Company raised its stake in shares of EnLink Midstream Partners, by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock worth $189,000 after buying an additional 816 shares during the last quarter. CNH Partners LLC raised its stake in shares of EnLink Midstream Partners, by 32.4% in the second quarter. CNH Partners LLC now owns 38,409 shares of the oil and gas producer’s stock worth $651,000 after buying an additional 9,400 shares during the last quarter. Finally, Castleton Investment Management LLC bought a new stake in shares of EnLink Midstream Partners, during the second quarter worth approximately $2,204,000. 43.57% of the stock is currently owned by hedge funds and other institutional investors.

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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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