Chickasaw Capital Management LLC Purchases 42,569 Shares of EnLink Midstream Partners LP (ENLK)

Chickasaw Capital Management LLC lifted its position in shares of EnLink Midstream Partners LP (NYSE:ENLK) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,060,179 shares of the oil and gas producer’s stock after buying an additional 42,569 shares during the quarter. EnLink Midstream Partners accounts for approximately 1.9% of Chickasaw Capital Management LLC’s holdings, making the stock its 22nd largest position. Chickasaw Capital Management LLC’s holdings in EnLink Midstream Partners were worth $93,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of EnLink Midstream Partners by 12.0% in the third quarter. Alps Advisors Inc. now owns 13,257,515 shares of the oil and gas producer’s stock worth $222,196,000 after acquiring an additional 1,417,520 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of EnLink Midstream Partners by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 3,141,051 shares of the oil and gas producer’s stock worth $51,607,000 after acquiring an additional 620,380 shares during the last quarter. Center Coast Capital Advisors LP boosted its position in shares of EnLink Midstream Partners by 3.4% in the third quarter. Center Coast Capital Advisors LP now owns 14,024,298 shares of the oil and gas producer’s stock worth $235,047,000 after acquiring an additional 461,130 shares during the last quarter. ING Groep NV acquired a new stake in shares of EnLink Midstream Partners in the third quarter worth approximately $5,229,000. Finally, Global X MANAGEMENT CO LLC boosted its position in shares of EnLink Midstream Partners by 26.8% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,275,380 shares of the oil and gas producer’s stock worth $21,375,000 after acquiring an additional 269,626 shares during the last quarter. Institutional investors and hedge funds own 41.66% of the company’s stock.

ENLK has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on shares of EnLink Midstream Partners in a research report on Friday. They issued a “neutral” rating and a $16.00 target price on the stock. Morgan Stanley raised their target price on shares of EnLink Midstream Partners from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Seaport Global Securities initiated coverage on shares of EnLink Midstream Partners in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $18.00 target price on the stock. BidaskClub cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research cut shares of EnLink Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

EnLink Midstream Partners LP (NYSE:ENLK) opened at $16.88 on Monday. The firm has a market cap of $5,891.27, a P/E ratio of -73.39 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.85. EnLink Midstream Partners LP has a 12-month low of $14.43 and a 12-month high of $19.59.

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About EnLink Midstream Partners

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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