EnLink Midstream Partners, LP (ENLK) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of EnLink Midstream Partners, LP (NYSE:ENLK) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,723,348 shares of the oil and gas producer’s stock after selling 42,705 shares during the period. Principal Financial Group Inc. owned approximately 1.07% of EnLink Midstream Partners, worth $62,404,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in EnLink Midstream Partners, during the 2nd quarter worth $103,000. Ffcm LLC boosted its position in EnLink Midstream Partners, by 223.2% during the 2nd quarter. Ffcm LLC now owns 6,651 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 4,593 shares during the period. Solaris Asset Management LLC boosted its position in EnLink Midstream Partners, by 22.9% during the 2nd quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock worth $138,000 after purchasing an additional 1,515 shares during the period. Penserra Capital Management LLC boosted its position in EnLink Midstream Partners, by 244.6% during the 2nd quarter. Penserra Capital Management LLC now owns 8,948 shares of the oil and gas producer’s stock worth $151,000 after purchasing an additional 6,351 shares during the period. Finally, Saratoga Research & Investment Management purchased a new stake in EnLink Midstream Partners, during the 3rd quarter worth $156,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

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EnLink Midstream Partners, LP (NYSE ENLK) opened at $15.11 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.85 and a quick ratio of 0.77. EnLink Midstream Partners, LP has a 12-month low of $14.43 and a 12-month high of $19.59.

The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Wednesday, November 1st were paid a $0.39 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.32%. EnLink Midstream Partners,’s dividend payout ratio (DPR) is presently -678.23%.

A number of analysts recently weighed in on ENLK shares. Zacks Investment Research raised shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine cut shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $16.00 price objective (down from $17.00) on shares of EnLink Midstream Partners, in a research report on Sunday, September 3rd. Finally, Seaport Global Securities assumed coverage on shares of EnLink Midstream Partners, in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.38.

EnLink Midstream Partners, 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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