Shares of EnLink Midstream Partners, LP (NYSE:ENLK) have been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $19.22.

Several research analysts have recently commented on the company. Guggenheim assumed coverage on EnLink Midstream Partners, in a research report on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 price target for the company. Zacks Investment Research raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine lowered EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Finally, 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 report on Thursday, June 15th.

A number of hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of EnLink Midstream Partners, by 1.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,310,783 shares of the oil and gas producer’s stock worth $42,287,000 after buying an additional 23,123 shares during the period. Bank of New York Mellon Corp increased its stake in shares of EnLink Midstream Partners, by 125.0% in the first quarter. Bank of New York Mellon Corp now owns 342,700 shares of the oil and gas producer’s stock worth $6,272,000 after buying an additional 190,419 shares during the period. ING Groep NV purchased a new stake in EnLink Midstream Partners, during the first quarter worth approximately $8,693,000. Tocqueville Asset Management L.P. boosted its stake in 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 worth $184,000 after buying an additional 79 shares during the period. Finally, Jennison Associates LLC boosted its stake in EnLink Midstream Partners, by 5.9% in the first quarter. Jennison Associates LLC now owns 520,708 shares of the oil and gas producer’s stock worth $9,529,000 after buying an additional 28,991 shares during the period. 42.70% of the stock is owned by institutional investors.

Shares of EnLink Midstream Partners, (NYSE ENLK) traded down 0.35% during trading on Friday, hitting $17.10. The company had a trading volume of 233,179 shares. The stock’s 50-day moving average price is $16.58 and its 200 day moving average price is $17.74. The company’s market capitalization is $5.92 billion. EnLink Midstream Partners, has a 52 week low of $15.07 and a 52 week high of $19.89.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date of this dividend is Friday, July 28th. EnLink Midstream Partners,’s dividend payout ratio (DPR) is -503.21%.

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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.

Analyst Recommendations for EnLink Midstream Partners, (NYSE:ENLK)

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