Kayne Anderson Capital Advisors LP Boosts Position in EnLink Midstream Partners LP (ENLK)

Kayne Anderson Capital Advisors LP increased its holdings in EnLink Midstream Partners LP (NYSE:ENLK) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,907,608 shares of the oil and gas producer’s stock after buying an additional 13,000 shares during the quarter. EnLink Midstream Partners accounts for about 1.0% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 26th largest position. Kayne Anderson Capital Advisors LP owned approximately 1.40% of EnLink Midstream Partners worth $76,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tortoise Index Solutions LLC boosted its holdings in shares of EnLink Midstream Partners by 16.2% in the second quarter. Tortoise Index Solutions LLC now owns 24,916 shares of the oil and gas producer’s stock worth $387,000 after buying an additional 3,476 shares during the last quarter. BlackRock Inc. raised its stake in EnLink Midstream Partners by 0.8% during the 1st quarter. BlackRock Inc. now owns 526,761 shares of the oil and gas producer’s stock worth $7,196,000 after acquiring an additional 4,074 shares during the period. Parkside Financial Bank & Trust raised its stake in EnLink Midstream Partners by 6.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 73,960 shares of the oil and gas producer’s stock worth $1,010,000 after acquiring an additional 4,740 shares during the period. PNC Financial Services Group Inc. raised its stake in EnLink Midstream Partners by 5.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 159,006 shares of the oil and gas producer’s stock worth $2,173,000 after acquiring an additional 7,705 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in EnLink Midstream Partners by 23.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 46,056 shares of the oil and gas producer’s stock worth $629,000 after acquiring an additional 8,867 shares during the period. 42.09% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the stock. Robert W. Baird set a $18.00 target price on shares of EnLink Midstream Partners and gave the stock a “hold” rating in a research note on Monday, August 6th. Stifel Nicolaus upgraded shares of EnLink Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, August 2nd. ValuEngine upgraded shares of EnLink Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. B. Riley set a $17.00 target price on shares of EnLink Midstream Partners and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research cut shares of EnLink Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.86.

EnLink Midstream Partners stock opened at $17.53 on Thursday. The company has a market cap of $6.24 billion, a PE ratio of 584.33 and a beta of 2.27. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 1.05. EnLink Midstream Partners LP has a 1 year low of $12.75 and a 1 year high of $18.58.

EnLink Midstream Partners (NYSE:ENLK) last released its quarterly earnings data on Tuesday, July 31st. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. EnLink Midstream Partners had a net margin of 3.89% and a return on equity of 6.41%. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. analysts anticipate that EnLink Midstream Partners LP will post 0.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Monday, July 30th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 8.90%. The ex-dividend date was Friday, July 27th. EnLink Midstream Partners’s payout ratio is currently 5,200.00%.

In other news, EVP Alaina K. Brooks sold 55,619 shares of EnLink Midstream Partners stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $17.65, for a total transaction of $981,675.35. Following the sale, the executive vice president now owns 80,648 shares in the company, valued at $1,423,437.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

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.

Further Reading: Book Value Per Share in Stock Trading

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

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