BidaskClub downgraded shares of EnLink Midstream Partners, LP (NYSE:ENLK) from a hold rating to a sell rating in a research report released on Friday.

Several other equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of EnLink Midstream Partners, from a hold rating to a sell rating in a report on Thursday, June 8th. Zacks Investment Research upgraded shares of EnLink Midstream Partners, from a sell rating to a hold rating in a report on Tuesday, July 18th. Morgan Stanley downgraded shares of 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. Stifel Nicolaus upgraded shares of EnLink Midstream Partners, from a hold rating to a buy rating and set a $18.00 price target on the stock in a report on Friday, June 16th. They noted that the move was a valuation call. Finally, Guggenheim began coverage on shares of EnLink Midstream Partners, in a report on Tuesday, April 18th. They issued a neutral rating and a $18.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. EnLink Midstream Partners, presently has a consensus rating of Hold and an average target price of $19.20.

EnLink Midstream Partners, (NYSE ENLK) opened at 16.53 on Friday. The stock’s market cap is $5.73 billion. The company has a 50 day moving average of $16.63 and a 200-day moving average of $17.71. EnLink Midstream Partners, has a 12-month low of $15.07 and a 12-month high of $19.89.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st will be given a $0.39 dividend. The ex-dividend date is Friday, July 28th. This represents a $1.56 annualized dividend and a yield of 9.44%. EnLink Midstream Partners,’s dividend payout ratio is presently -503.21%.

A number of large investors have recently added to or reduced their stakes in ENLK. Bank of America Corp DE raised its stake in EnLink Midstream Partners, by 54.0% in the first quarter. Bank of America Corp DE now owns 1,660,821 shares of the oil and gas producer’s stock valued at $30,393,000 after buying an additional 582,364 shares in the last quarter. Infrastructure Capital Advisors LLC raised its stake in EnLink Midstream Partners, by 101.3% in the first quarter. Infrastructure Capital Advisors LLC now owns 956,565 shares of the oil and gas producer’s stock valued at $17,505,000 after buying an additional 481,320 shares in the last quarter. ING Groep NV bought a new stake in EnLink Midstream Partners, during the first quarter valued at approximately $8,693,000. Edge Asset Management Inc. raised its stake in EnLink Midstream Partners, by 13.4% in the first quarter. Edge Asset Management Inc. now owns 3,370,194 shares of the oil and gas producer’s stock valued at $61,675,000 after buying an additional 398,805 shares in the last quarter. Finally, Chickasaw Capital Management LLC raised its stake in EnLink Midstream Partners, by 7.1% in the first quarter. Chickasaw Capital Management LLC now owns 5,752,765 shares of the oil and gas producer’s stock valued at $105,276,000 after buying an additional 383,681 shares in the last quarter. Institutional investors and hedge funds own 42.52% of the company’s stock.

About EnLink Midstream Partners,

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.

Analyst Recommendations for EnLink Midstream Partners, (NYSE:ENLK)

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