JPMorgan Chase & Co. Has $51.61 Million Holdings in EnLink Midstream Partners, LP (ENLK)

JPMorgan Chase & Co. raised its stake in EnLink Midstream Partners, LP (NYSE:ENLK) by 24.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,141,051 shares of the oil and gas producer’s stock after buying an additional 620,380 shares during the period. JPMorgan Chase & Co. owned about 0.90% of EnLink Midstream Partners worth $51,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENLK. Principal Financial Group Inc. boosted its position in shares of EnLink Midstream Partners by 812.9% during the 2nd quarter. Principal Financial Group Inc. now owns 3,766,053 shares of the oil and gas producer’s stock valued at $63,872,000 after purchasing an additional 3,353,523 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of EnLink Midstream Partners by 12.0% during the 3rd quarter. Alps Advisors Inc. now owns 13,257,515 shares of the oil and gas producer’s stock valued at $222,196,000 after purchasing an additional 1,417,520 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of EnLink Midstream Partners during the 2nd quarter valued at about $9,642,000. Center Coast Capital Advisors LP boosted its position in shares of EnLink Midstream Partners by 3.4% during the 3rd quarter. Center Coast Capital Advisors LP now owns 14,024,298 shares of the oil and gas producer’s stock valued at $235,047,000 after purchasing an additional 461,130 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of EnLink Midstream Partners during the 3rd quarter valued at about $5,229,000. Hedge funds and other institutional investors own 41.67% of the company’s stock.

ENLK has been the topic of several research analyst reports. BidaskClub lowered EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. UBS upgraded EnLink Midstream Partners from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, October 24th. ValuEngine lowered EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group began coverage on EnLink Midstream Partners in a research report on Friday, November 17th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. EnLink Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $18.38.

EnLink Midstream Partners, LP (NYSE:ENLK) opened at $15.30 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77. EnLink Midstream Partners, LP has a fifty-two week low of $14.43 and a fifty-two week high of $19.59.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Wednesday, November 1st were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.56 annualized dividend and a yield of 10.20%. EnLink Midstream Partners’s payout ratio is currently -678.23%.

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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.

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

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