Virtus ETF Advisers LLC lessened its holdings in EnLink Midstream Partners LP (NYSE:ENLK) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,188,628 shares of the oil and gas producer’s stock after selling 129,398 shares during the quarter. EnLink Midstream Partners comprises approximately 4.1% of Virtus ETF Advisers LLC’s investment portfolio, making the stock its 7th largest holding. Virtus ETF Advisers LLC’s holdings in EnLink Midstream Partners were worth $24,097,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Lavaca Capital LLC acquired a new stake in shares of EnLink Midstream Partners during the 4th quarter worth approximately $30,000. Arlington Partners LLC purchased a new position in shares of EnLink Midstream Partners during the 4th quarter valued at approximately $36,000. Botty Investors LLC purchased a new position in shares of EnLink Midstream Partners during the 3rd quarter valued at approximately $166,000. US Bancorp DE lifted its position in shares of EnLink Midstream Partners by 271.1% during the 3rd quarter. US Bancorp DE now owns 9,779 shares of the oil and gas producer’s stock valued at $182,000 after buying an additional 7,144 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of EnLink Midstream Partners by 1,746.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,781 shares of the oil and gas producer’s stock valued at $220,000 after buying an additional 11,143 shares in the last quarter. Institutional investors own 42.84% of the company’s stock.

Shares of NYSE ENLK traded down $0.47 during trading on Tuesday, hitting $12.05. 26,100,369 shares of the company were exchanged, compared to its average volume of 2,912,632. EnLink Midstream Partners LP has a 12-month low of $10.31 and a 12-month high of $19.45. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.13. The firm has a market cap of $4.25 billion, a PE ratio of 401.67 and a beta of 2.02.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 13th. Stockholders of record on Thursday, January 24th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, January 23rd. This represents a $1.56 annualized dividend and a dividend yield of 12.95%. EnLink Midstream Partners’s dividend payout ratio is presently 5,200.00%.

A number of research analysts have recently issued reports on the company. Citigroup lowered EnLink Midstream Partners from a “buy” rating to a “neutral” rating and increased their target price for the company from $18.00 to $19.00 in a research report on Wednesday, October 17th. They noted that the move was a valuation call. Royal Bank of Canada decreased their target price on EnLink Midstream Partners from $19.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 8th. Stifel Nicolaus lowered EnLink Midstream Partners from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $14.00 in a research report on Thursday, November 8th. Credit Suisse Group upgraded EnLink Midstream Partners from an “underperform” rating to a “neutral” rating and increased their target price for the company from $17.00 to $18.00 in a research report on Tuesday, October 23rd. Finally, Raymond James reiterated a “market perform” rating on shares of EnLink Midstream Partners in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.87.

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About EnLink Midstream Partners

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It operates through Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate segments. The company provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate.

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

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