Virtus ETF Advisers LLC lessened its stake in EnLink Midstream Partners LP (NYSE:ENLK) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,188,628 shares of the oil and gas producer’s stock after selling 129,398 shares during the quarter. EnLink Midstream Partners makes up about 4.1% of Virtus ETF Advisers LLC’s investment portfolio, making the stock its 7th largest position. Virtus ETF Advisers LLC owned about 0.62% of EnLink Midstream Partners worth $24,097,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its position in EnLink Midstream Partners by 2.5% during the third quarter. Neuberger Berman Group LLC now owns 38,647 shares of the oil and gas producer’s stock valued at $720,000 after acquiring an additional 933 shares during the last quarter. Lavaca Capital LLC bought a new position in EnLink Midstream Partners during the fourth quarter valued at $30,000. Arlington Partners LLC bought a new position in EnLink Midstream Partners during the fourth quarter valued at $36,000. LVW Advisors LLC increased its position in EnLink Midstream Partners by 46.3% during the fourth quarter. LVW Advisors LLC now owns 17,525 shares of the oil and gas producer’s stock valued at $193,000 after acquiring an additional 5,550 shares during the last quarter. Finally, US Bancorp DE increased its position in EnLink Midstream Partners by 271.1% during the third quarter. US Bancorp DE now owns 9,779 shares of the oil and gas producer’s stock valued at $182,000 after acquiring an additional 7,144 shares during the last quarter. 42.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on ENLK shares. Jefferies Financial Group upgraded shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating and cut their price target for the stock from $18.00 to $15.00 in a report on Thursday, December 20th. Credit Suisse Group upgraded shares of EnLink Midstream Partners from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $17.00 to $18.00 in a report on Tuesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $19.00 price target on shares of EnLink Midstream Partners in a report on Tuesday, October 23rd. TheStreet cut shares of EnLink Midstream Partners from a “b-” rating to a “c+” rating in a report on Monday, November 5th. Finally, Raymond James restated a “market perform” rating on shares of EnLink Midstream Partners in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 13th. Investors of record on Thursday, January 24th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.95%. The ex-dividend date is Wednesday, January 23rd. EnLink Midstream Partners’s dividend payout ratio (DPR) is presently 5,200.00%.
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EnLink Midstream Partners Profile
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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