EnLink Midstream Partners, LP (NYSE:ENLK) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of EnLink Midstream Partners, LP (NYSE:ENLK) from a sell rating to a hold rating in a research note published on Wednesday, July 19th.

A number of other equities research analysts have also recently weighed in on ENLK. ValuEngine cut EnLink Midstream Partners, from a hold rating to a sell rating in a report on Thursday, June 8th. Zacks Investment Research cut EnLink Midstream Partners, from a hold rating to a sell rating in a report on Thursday, May 4th. Guggenheim assumed coverage on EnLink Midstream Partners, in a research note on Tuesday, April 18th. They issued a neutral rating and a $18.00 target price on the stock. Morgan Stanley lowered EnLink Midstream Partners, from an overweight rating to an equal rating and reduced their target price for the company from $20.00 to $19.00 in a research note on Thursday, June 15th. Finally, Stifel Nicolaus raised EnLink Midstream Partners, from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Friday, June 16th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $19.20.

Shares of EnLink Midstream Partners, (NYSE ENLK) traded down 0.13% during trading on Wednesday, reaching $14.96. The company’s stock had a trading volume of 505,085 shares. The company has a 50-day moving average price of $16.61 and a 200-day moving average price of $17.53. EnLink Midstream Partners, has a one year low of $14.72 and a one year high of $19.89. The stock’s market cap is $5.20 billion.

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The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were paid a dividend of $0.39 per share. The ex-dividend date was Friday, July 28th. This represents a $1.56 annualized dividend and a dividend yield of 10.43%. EnLink Midstream Partners,’s dividend payout ratio is presently -503.21%.

A number of institutional investors have recently bought and sold shares of ENLK. OppenheimerFunds Inc. increased its position in EnLink Midstream Partners, by 1.1% in the first quarter. OppenheimerFunds Inc. now owns 12,147,428 shares of the oil and gas producer’s stock worth $222,298,000 after buying an additional 134,690 shares during the period. Alps Advisors Inc. increased its position in EnLink Midstream Partners, by 5.9% in the second quarter. Alps Advisors Inc. now owns 11,839,995 shares of the oil and gas producer’s stock worth $200,806,000 after buying an additional 661,122 shares during the period. Morgan Stanley increased its position in EnLink Midstream Partners, by 4.3% in the first quarter. Morgan Stanley now owns 6,071,147 shares of the oil and gas producer’s stock worth $111,102,000 after buying an additional 251,281 shares during the period. Chickasaw Capital Management LLC increased its position in EnLink Midstream Partners, by 1.7% in the second quarter. Chickasaw Capital Management LLC now owns 5,848,293 shares of the oil and gas producer’s stock worth $99,187,000 after buying an additional 95,528 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its position in EnLink Midstream Partners, by 5.1% in the first quarter. Kayne Anderson Capital Advisors LP now owns 5,743,008 shares of the oil and gas producer’s stock worth $105,092,000 after buying an additional 277,200 shares during the period. Institutional investors and hedge funds own 43.57% 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.