Parkside Financial Bank & Trust Has $1.19 Million Stake in EnLink Midstream Partners, LP (NYSE:ENLK)

Parkside Financial Bank & Trust boosted its position in EnLink Midstream Partners, LP (NYSE:ENLK) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,080 shares of the oil and gas producer’s stock after buying an additional 4,535 shares during the period. Parkside Financial Bank & Trust’s holdings in EnLink Midstream Partners, were worth $1,188,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ENLK. Creative Planning boosted its position in EnLink Midstream Partners, by 1.7% in the first quarter. Creative Planning now owns 7,442 shares of the oil and gas producer’s stock worth $136,000 after buying an additional 123 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in EnLink Midstream Partners, by 2.5% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,866,399 shares of the oil and gas producer’s stock valued at $34,155,000 after buying an additional 45,000 shares in the last quarter. Hollencrest Securities LLC raised its stake in EnLink Midstream Partners, by 122.3% in the first quarter. Hollencrest Securities LLC now owns 51,700 shares of the oil and gas producer’s stock valued at $946,000 after buying an additional 28,443 shares in the last quarter. Waldron LP purchased a new stake in EnLink Midstream Partners, during the first quarter valued at about $549,000. Finally, Chickasaw Capital Management LLC raised its stake in EnLink Midstream Partners, by 7.1% in the first quarter. Chickasaw Capital Management LLC now owns 5,752,765 shares of the oil and gas producer’s stock valued at $105,276,000 after buying an additional 383,681 shares in the last quarter. Institutional investors and hedge funds own 43.57% of the company’s stock.

EnLink Midstream Partners, LP (NYSE:ENLK) opened at 15.00 on Friday. The firm’s market cap is $5.21 billion. EnLink Midstream Partners, LP has a 52-week low of $14.72 and a 52-week high of $19.89. The company has a 50 day moving average price of $16.46 and a 200-day moving average price of $17.48.

The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Tuesday, August 1st were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.40%. The ex-dividend date of this dividend was Friday, July 28th. EnLink Midstream Partners,’s dividend payout ratio is currently -503.21%.

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Several equities research analysts have weighed in on ENLK shares. BidaskClub raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Stifel Nicolaus raised EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley lowered EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and lowered their price target for the company from $20.00 to $19.00 in a report on Thursday, June 15th. Finally, ValuEngine lowered EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.33.

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.

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

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