Municipal Employees Retirement System of Michigan Has $3.01 Million Position in EnLink Midstream Partners, LP (ENLK)

Municipal Employees Retirement System of Michigan cut its stake in EnLink Midstream Partners, LP (NYSE:ENLK) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,540 shares of the oil and gas producer’s stock after selling 5,170 shares during the period. Municipal Employees Retirement System of Michigan owned 0.05% of EnLink Midstream Partners, worth $3,009,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ENLK. Principal Financial Group Inc. boosted its holdings in shares of EnLink Midstream Partners, by 812.9% during the 2nd quarter. Principal Financial Group Inc. now owns 3,766,053 shares of the oil and gas producer’s stock worth $63,872,000 after buying an additional 3,353,523 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of EnLink Midstream Partners, by 12.0% during the 3rd quarter. Alps Advisors Inc. now owns 13,257,515 shares of the oil and gas producer’s stock worth $222,196,000 after buying an additional 1,417,520 shares in the last quarter. First Trust Advisors LP bought a new position in shares of EnLink Midstream Partners, during the 2nd quarter worth approximately $9,642,000. Bank of Montreal Can boosted its holdings in shares of EnLink Midstream Partners, by 26.6% during the 2nd quarter. Bank of Montreal Can now owns 1,530,988 shares of the oil and gas producer’s stock worth $25,966,000 after buying an additional 321,664 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of EnLink Midstream Partners, by 12.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,609,354 shares of the oil and gas producer’s stock worth $44,255,000 after buying an additional 298,571 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

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EnLink Midstream Partners, LP (NYSE ENLK) traded down $0.27 during midday trading on Monday, reaching $15.61. The company had a trading volume of 490,800 shares, compared to its average volume of 632,699. EnLink Midstream Partners, LP has a twelve month low of $14.43 and a twelve month high of $19.59. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.71.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, November 1st will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date is Tuesday, October 31st. EnLink Midstream Partners,’s payout ratio is currently -678.23%.

ENLK has been the topic of a number of recent research reports. Zacks Investment Research upgraded EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 target price (down from $17.00) on shares of EnLink Midstream Partners, in a report on Sunday, September 3rd. BidaskClub cut EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Citigroup Inc. cut their target price on EnLink Midstream Partners, from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. Finally, UBS AG upgraded EnLink Midstream Partners, from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. EnLink Midstream Partners, presently has an average rating of “Hold” and a consensus target price of $18.38.

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.

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

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