California Public Employees Retirement System raised its holdings in shares of EnLink Midstream Partners LP (NYSE:ENLK) by 56.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,409 shares of the oil and gas producer’s stock after buying an additional 100,875 shares during the quarter. California Public Employees Retirement System owned about 0.08% of EnLink Midstream Partners worth $3,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of ENLK. Captrust Financial Advisors bought a new stake in EnLink Midstream Partners during the fourth quarter worth about $130,000. Pitcairn Co. bought a new stake in EnLink Midstream Partners during the fourth quarter worth about $178,000. Icon Wealth Partners LLC bought a new stake in EnLink Midstream Partners during the fourth quarter worth about $226,000. Cypress Wealth Advisors LLC bought a new stake in EnLink Midstream Partners during the fourth quarter worth about $323,000. Finally, Jane Street Group LLC bought a new stake in EnLink Midstream Partners during the fourth quarter worth about $523,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

In other news, CAO Susan J. Mcaden sold 14,929 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $16.29, for a total value of $243,193.41. Following the completion of the sale, the chief accounting officer now owns 27,464 shares of the company’s stock, valued at approximately $447,388.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

EnLink Midstream Partners opened at $15.53 on Friday, according to Marketbeat.com. EnLink Midstream Partners LP has a 1-year low of $12.75 and a 1-year high of $18.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market capitalization of $5.39 billion, a PE ratio of 517.67 and a beta of 2.15.

EnLink Midstream Partners (NYSE:ENLK) last released its earnings results on Tuesday, May 1st. The oil and gas producer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. EnLink Midstream Partners had a return on equity of 4.52% and a net margin of 3.09%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the company posted ($0.03) EPS. EnLink Midstream Partners’s revenue for the quarter was up 33.3% on a year-over-year basis. equities research analysts forecast that EnLink Midstream Partners LP will post 0.32 earnings per share for the current year.

Several brokerages have issued reports on ENLK. UBS Group reaffirmed a “buy” rating and set a $18.00 price target (down previously from $20.00) on shares of EnLink Midstream Partners in a research note on Friday, March 2nd. Barclays lifted their price target on EnLink Midstream Partners from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday, June 12th. Stifel Nicolaus set a $18.00 price target on EnLink Midstream Partners and gave the stock a “hold” rating in a research note on Wednesday, June 6th. Guggenheim set a $16.00 price target on EnLink Midstream Partners and gave the stock a “hold” rating in a research note on Monday, April 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price target (down previously from $19.00) on shares of EnLink Midstream Partners in a research note on Friday, March 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.69.

EnLink Midstream Partners Company 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.

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

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