Bank of Montreal Can grew its position in EnLink Midstream Partners LP (NYSE:ENLK) by 37.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,189,225 shares of the oil and gas producer’s stock after buying an additional 597,000 shares during the period. Bank of Montreal Can owned 0.63% of EnLink Midstream Partners worth $33,648,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in EnLink Midstream Partners during the 2nd quarter valued at approximately $103,000. Saratoga Research & Investment Management purchased a new position in shares of EnLink Midstream Partners during the 3rd quarter valued at approximately $156,000. Rafferty Asset Management LLC purchased a new position in shares of EnLink Midstream Partners during the 2nd quarter valued at approximately $184,000. Linscomb & Williams Inc. increased its holdings in shares of EnLink Midstream Partners by 2.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 10,901 shares of the oil and gas producer’s stock valued at $185,000 after purchasing an additional 227 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of EnLink Midstream Partners by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,147 shares of the oil and gas producer’s stock valued at $189,000 after purchasing an additional 816 shares in the last quarter. Institutional investors own 41.63% of the company’s stock.
EnLink Midstream Partners LP (ENLK) traded down $0.02 during midday trading on Wednesday, reaching $16.51. 672,425 shares of the company’s stock were exchanged, compared to its average volume of 788,338. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77. The firm has a market capitalization of $5,770.00, a PE ratio of -71.78 and a beta of 2.08. EnLink Midstream Partners LP has a 52 week low of $14.43 and a 52 week high of $19.59.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.56 dividend on an annualized basis and a yield of 9.45%. EnLink Midstream Partners’s dividend payout ratio (DPR) is presently -678.26%.
Several equities research analysts recently commented on ENLK shares. Credit Suisse Group started coverage on shares of EnLink Midstream Partners in a report on Friday, January 5th. They issued a “neutral” rating and a $16.00 price target for the company. Morgan Stanley boosted their price target on shares of EnLink Midstream Partners from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. BidaskClub cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, B. Riley set a $17.00 target price on shares of EnLink Midstream Partners and gave the stock a “neutral” rating in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.33.
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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.
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