ValuEngine upgraded shares of EnLink Midstream Partners (NYSE:ENLK) from a strong sell rating to a sell rating in a report published on Thursday morning.
A number of other equities research analysts also recently commented on the company. Barclays decreased their target price on EnLink Midstream Partners from $18.00 to $15.00 and set an equal weight rating for the company in a report on Tuesday, April 17th. Guggenheim set a $16.00 target price on EnLink Midstream Partners and gave the stock a hold rating in a report on Monday, April 16th. Seaport Global Securities set a $13.00 target price on EnLink Midstream Partners and gave the stock a hold rating in a report on Monday, April 9th. US Capital Advisors downgraded EnLink Midstream Partners from an overweight rating to a hold rating in a report on Friday, April 6th. Finally, JPMorgan Chase raised EnLink Midstream Partners from a neutral rating to an overweight rating and lifted their target price for the stock from $16.00 to $17.00 in a report on Wednesday, April 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $16.62.
Shares of EnLink Midstream Partners opened at $16.49 on Thursday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 164.90 and a beta of 2.12. EnLink Midstream Partners has a fifty-two week low of $12.75 and a fifty-two week high of $18.58.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 14th. Stockholders of record on Monday, April 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date was Friday, April 27th. EnLink Midstream Partners’s dividend payout ratio (DPR) is presently 5,200.00%.
In related news, CAO Susan J. Mcaden sold 14,929 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $16.29, for a total transaction of $243,193.41. Following the completion of the sale, the chief accounting officer now directly owns 27,464 shares in the company, valued at $447,388.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System increased its position in shares of EnLink Midstream Partners by 4.5% during the fourth quarter. California Public Employees Retirement System now owns 178,534 shares of the oil and gas producer’s stock worth $2,744,000 after purchasing an additional 7,762 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of EnLink Midstream Partners by 1.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 317,645 shares of the oil and gas producer’s stock worth $4,882,000 after purchasing an additional 3,872 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of EnLink Midstream Partners during the fourth quarter worth approximately $226,000. Virtu Financial LLC increased its position in shares of EnLink Midstream Partners by 30.1% during the fourth quarter. Virtu Financial LLC now owns 38,738 shares of the oil and gas producer’s stock worth $596,000 after purchasing an additional 8,963 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its position in shares of EnLink Midstream Partners by 40.1% during the fourth quarter. Eagle Global Advisors LLC now owns 2,616,399 shares of the oil and gas producer’s stock worth $40,214,000 after purchasing an additional 749,200 shares in the last quarter. Hedge funds and other institutional investors own 41.14% of the company’s stock.
About EnLink Midstream Partners
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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