Kayne Anderson Capital Advisors LP raised its stake in EnLink Midstream Partners LP (NYSE:ENLK) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 5,743,008 shares of the oil and gas producer’s stock after buying an additional 277,200 shares during the period. EnLink Midstream Partners accounts for approximately 1.1% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 25th largest position. Kayne Anderson Capital Advisors LP’s holdings in EnLink Midstream Partners were worth $105,092,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in ENLK. Independent Advisor Alliance acquired a new stake in shares of EnLink Midstream Partners during the fourth quarter valued at about $106,000. Creative Planning increased its stake in shares of EnLink Midstream Partners by 1.7% in the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock valued at $136,000 after buying an additional 123 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of EnLink Midstream Partners by 0.8% in the first quarter. Tocqueville Asset Management L.P. now owns 10,079 shares of the oil and gas producer’s stock valued at $184,000 after buying an additional 79 shares in the last quarter. Linscomb & Williams Inc. acquired a new stake in shares of EnLink Midstream Partners during the first quarter valued at about $195,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of EnLink Midstream Partners during the fourth quarter valued at about $224,000. 40.20% of the stock is owned by hedge funds and other institutional investors.
EnLink Midstream Partners LP (NYSE:ENLK) traded up 2.09% during midday trading on Friday, hitting $17.61. The stock had a trading volume of 526,997 shares. EnLink Midstream Partners LP has a 52 week low of $14.46 and a 52 week high of $19.89. The stock has a 50-day moving average of $17.94 and a 200-day moving average of $17.95. The firm’s market cap is $6.10 billion.
EnLink Midstream Partners (NYSE:ENLK) last released its earnings results on Tuesday, February 14th. The oil and gas producer reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.22. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $1.13 billion. EnLink Midstream Partners had a positive return on equity of 1.90% and a negative net margin of 30.61%. During the same quarter in the previous year, the company posted ($2.17) EPS. Analysts forecast that EnLink Midstream Partners LP will post $0.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Tuesday, May 2nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $1.56 annualized dividend and a yield of 9.04%. EnLink Midstream Partners’s dividend payout ratio is -38.90%.
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Several brokerages recently issued reports on ENLK. Zacks Investment Research downgraded EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Guggenheim began coverage on EnLink Midstream Partners in a research note on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Janney Montgomery Scott began coverage on EnLink Midstream Partners in a research note on Friday, March 10th. They issued a “neutral” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.18.
EnLink Midstream Partners Company Profile
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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