Tortoise Capital Advisors L.L.C. lowered its position in EnLink Midstream Partners, LP (NYSE:ENLK) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,142,603 shares of the oil and gas producer’s stock after selling 5,288 shares during the period. Tortoise Capital Advisors L.L.C. owned 2.35% of EnLink Midstream Partners, worth $138,099,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. 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 worth $136,000 after buying an additional 123 shares in the last quarter. Duff & Phelps Investment Management Co. increased its stake in EnLink Midstream Partners, by 2.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,866,399 shares of the oil and gas producer’s stock valued at $34,155,000 after buying an additional 45,000 shares during the period. Hollencrest Securities LLC increased its stake in EnLink Midstream Partners, by 122.3% in the first quarter. Hollencrest Securities LLC now owns 51,700 shares of the oil and gas producer’s stock valued at $946,000 after buying an additional 28,443 shares during the period. Waldron LP bought a new stake in EnLink Midstream Partners, during the first quarter valued at $549,000. Finally, Chickasaw Capital Management LLC increased its stake in EnLink Midstream Partners, by 7.1% in the first quarter. Chickasaw Capital Management LLC now owns 5,752,765 shares of the oil and gas producer’s stock valued at $105,276,000 after buying an additional 383,681 shares during the period. Institutional investors and hedge funds own 42.51% of the company’s stock.

Shares of EnLink Midstream Partners, LP (NYSE:ENLK) opened at 16.29 on Monday. The stock’s market capitalization is $5.64 billion. The company has a 50-day moving average of $16.63 and a 200-day moving average of $17.70. EnLink Midstream Partners, LP has a 12 month low of $15.07 and a 12 month high of $19.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.56 dividend on an annualized basis and a yield of 9.58%. EnLink Midstream Partners,’s dividend payout ratio (DPR) is -503.21%.

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ENLK has been the subject of several research reports. Zacks Investment Research downgraded shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Guggenheim initiated coverage on shares of EnLink Midstream Partners, in a report on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 target price for the company. Stifel Nicolaus upgraded shares of EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, June 16th. They noted that the move was a valuation call. BidaskClub downgraded shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Morgan Stanley downgraded shares of EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and dropped their target price for the company from $20.00 to $19.00 in a report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.20.

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.

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

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