SG Americas Securities LLC lowered its position in EnLink Midstream Partners LP (NYSE:ENLK) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,558 shares of the oil and gas producer’s stock after selling 10,460 shares during the quarter. SG Americas Securities LLC’s holdings in EnLink Midstream Partners were worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of EnLink Midstream Partners during the 2nd quarter worth about $48,852,000. Hennessy Advisors Inc. acquired a new stake in shares of EnLink Midstream Partners during the 3rd quarter worth about $28,277,000. Alps Advisors Inc. lifted its stake in shares of EnLink Midstream Partners by 6.2% during the 3rd quarter. Alps Advisors Inc. now owns 14,637,315 shares of the oil and gas producer’s stock worth $272,840,000 after buying an additional 860,155 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of EnLink Midstream Partners by 525.0% during the 3rd quarter. Wells Fargo & Company MN now owns 997,695 shares of the oil and gas producer’s stock worth $18,597,000 after buying an additional 838,065 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of EnLink Midstream Partners by 620.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 528,383 shares of the oil and gas producer’s stock worth $1,101,000 after buying an additional 455,022 shares during the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

In related news, major shareholder Goldman Sachs Group Inc purchased 16,700 shares of EnLink Midstream Partners stock in a transaction dated Friday, October 19th. The shares were bought at an average cost of $18.26 per share, for a total transaction of $304,942.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

ENLK stock opened at $13.65 on Wednesday. EnLink Midstream Partners LP has a 12 month low of $12.72 and a 12 month high of $19.45. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.74 and a current ratio of 0.85. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 455.00 and a beta of 2.09.

EnLink Midstream Partners (NYSE:ENLK) last posted its quarterly earnings results on Tuesday, November 6th. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). EnLink Midstream Partners had a net margin of 3.76% and a return on equity of 8.27%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 51.2% on a year-over-year basis. Equities research analysts forecast that EnLink Midstream Partners LP will post 0.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Monday, October 29th were paid a $0.39 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.43%. EnLink Midstream Partners’s payout ratio is currently 5,200.00%.

A number of research firms have recently issued reports on ENLK. Citigroup cut shares of EnLink Midstream Partners from a “buy” rating to a “neutral” rating and raised their target price for the stock from $18.00 to $19.00 in a research note on Wednesday, October 17th. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of EnLink Midstream Partners in a research report on Thursday, October 11th. They set an “underperform” rating and a $17.00 price target on the stock. TheStreet raised shares of EnLink Midstream Partners from a “c+” rating to a “b-” rating in a research report on Thursday, August 30th. JPMorgan Chase & Co. reaffirmed a “market perform” rating on shares of EnLink Midstream Partners in a research report on Tuesday, October 23rd. Finally, Royal Bank of Canada lowered their price target on shares of EnLink Midstream Partners from $19.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 8th. Fifteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. EnLink Midstream Partners has a consensus rating of “Hold” and a consensus target price of $17.36.

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

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