Magnetar Financial LLC trimmed its position in shares of EnLink Midstream Partners, LP (NYSE:ENLK) by 57.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,364,328 shares of the oil and gas producer’s stock after selling 1,842,165 shares during the quarter. Magnetar Financial LLC owned approximately 0.39% of EnLink Midstream Partners worth $22,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Linscomb & Williams Inc. raised its stake in shares of EnLink Midstream Partners by 2.1% in the 2nd quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock valued at $185,000 after acquiring an additional 227 shares in the last quarter. Northern Trust Corp raised its stake in shares of EnLink Midstream Partners by 2.3% in the 2nd quarter. Northern Trust Corp now owns 14,386 shares of the oil and gas producer’s stock valued at $244,000 after acquiring an additional 326 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of EnLink Midstream Partners by 1.4% in the 2nd quarter. Hodges Capital Management Inc. now owns 29,650 shares of the oil and gas producer’s stock valued at $503,000 after acquiring an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in EnLink Midstream Partners by 7.9% in the 2nd 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 period. Finally, Stephens Inc. AR increased its position in EnLink Midstream Partners by 7.8% in the 2nd quarter. Stephens Inc. AR now owns 14,406 shares of the oil and gas producer’s stock worth $244,000 after buying an additional 1,043 shares during the period. Institutional investors and hedge funds own 41.67% of the company’s stock.

Shares of EnLink Midstream Partners, LP (NYSE:ENLK) traded down $0.05 during mid-day trading on Wednesday, reaching $15.45. The company had a trading volume of 360,200 shares, compared to its average volume of 632,333. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. EnLink Midstream Partners, LP has a twelve month low of $14.43 and a twelve month high of $19.59.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Wednesday, November 1st were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend was Tuesday, October 31st. EnLink Midstream Partners’s dividend payout ratio is -678.23%.

Several brokerages have commented on ENLK. Goldman Sachs Group began coverage on EnLink Midstream Partners in a research report on Friday, November 17th. They issued a “neutral” rating on the stock. Zacks Investment Research raised EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and issued a $16.00 price target (down from $17.00) on shares of EnLink Midstream Partners in a research report on Sunday, September 3rd. BidaskClub downgraded EnLink Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, Citigroup lowered their price objective on EnLink Midstream Partners from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.38.

COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/magnetar-financial-llc-trims-stake-in-enlink-midstream-partners-lp-enlk/1747422.html.

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.

Want to see what other hedge funds are holding ENLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EnLink Midstream Partners, LP (NYSE:ENLK).

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

Receive News & Ratings for EnLink Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.