Jennison Associates LLC decreased its position in shares of EnLink Midstream Partners, LP (NYSE:ENLK) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 518,483 shares of the oil and gas producer’s stock after selling 2,225 shares during the period. Jennison Associates LLC owned 0.15% of EnLink Midstream Partners, worth $8,793,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ENLK. Creative Planning increased 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. Solaris Asset Management LLC increased its position in EnLink Midstream Partners, by 22.9% in the second quarter. Solaris Asset Management LLC now owns 8,140 shares of the oil and gas producer’s stock worth $138,000 after buying an additional 1,515 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in EnLink Midstream Partners, by 0.8% in the first quarter. Tocqueville Asset Management L.P. now owns 10,079 shares of the oil and gas producer’s stock worth $184,000 after buying an additional 79 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in EnLink Midstream Partners, during the second quarter worth about $190,000. Finally, Linscomb & Williams Inc. acquired a new position in EnLink Midstream Partners, during the first quarter worth about $195,000. Hedge funds and other institutional investors own 41.67% of the company’s stock.

Shares of EnLink Midstream Partners, LP (ENLK) opened at 15.23 on Monday. The company’s 50-day moving average is $16.21 and its 200-day moving average is $17.34. EnLink Midstream Partners, LP has a 52-week low of $14.43 and a 52-week high of $19.89. The stock’s market cap is $5.29 billion.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Tuesday, August 1st were paid a dividend of $0.39 per share. The ex-dividend date was Friday, July 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.24%. EnLink Midstream Partners,’s dividend payout ratio is currently -649.97%.

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ENLK has been the topic of a number of recent research reports. Stifel Nicolaus upgraded shares of EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Friday, June 16th. They noted that the move was a valuation call. Morgan Stanley downgraded shares of EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and dropped their price objective for the company from $20.00 to $19.00 in a research note on Thursday, June 15th. BidaskClub upgraded shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of EnLink Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine downgraded shares of EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.33.

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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