EnLink Midstream Partners, LP (ENLK) is RGT Capital Management Ltd.’s 4th Largest Position

RGT Capital Management Ltd. cut its position in shares of EnLink Midstream Partners, LP (NYSE:ENLK) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 481,182 shares of the oil and gas producer’s stock after selling 57,393 shares during the period. EnLink Midstream Partners, accounts for 6.0% of RGT Capital Management Ltd.’s portfolio, making the stock its 4th largest position. RGT Capital Management Ltd. owned approximately 0.14% of EnLink Midstream Partners, worth $8,806,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ENLK. Infrastructure Capital Advisors LLC acquired a new stake in shares of EnLink Midstream Partners, during the fourth quarter valued at $8,754,000. Independent Advisor Alliance purchased a new stake in EnLink Midstream Partners, during the fourth quarter worth approximately $106,000. Gen IV Investment Opportunities LLC purchased a new stake in EnLink Midstream Partners, during the fourth quarter worth approximately $6,078,000. Renaissance Technologies LLC increased its stake in EnLink Midstream Partners, by 222.3% in the fourth quarter. Renaissance Technologies LLC now owns 860,300 shares of the oil and gas producer’s stock worth $15,847,000 after buying an additional 593,400 shares in the last quarter. Finally, Advisory Research Inc. increased its stake in EnLink Midstream Partners, by 3.7% in the fourth quarter. Advisory Research Inc. now owns 7,562,662 shares of the oil and gas producer’s stock worth $139,305,000 after buying an additional 268,342 shares in the last quarter. Institutional investors and hedge funds own 42.61% of the company’s stock.

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

Shares of EnLink Midstream Partners, LP (NYSE:ENLK) traded down 3.73% during midday trading on Tuesday, reaching $15.22. 345,798 shares of the company traded hands. The company has a 50-day moving average of $17.02 and a 200 day moving average of $17.93. EnLink Midstream Partners, LP has a 12-month low of $14.89 and a 12-month high of $19.89. The firm’s market capitalization is $5.27 billion.

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A number of research analysts have recently weighed in on the company. ValuEngine downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Morgan Stanley cut EnLink Midstream Partners, from an “overweight” rating to an “equal” rating and reduced their price target for the stock from $20.00 to $19.00 in a research report on Thursday, June 15th. Stifel Nicolaus upgraded EnLink Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday. They noted that the move was a valuation call. BidaskClub lowered EnLink Midstream Partners, from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Finally, Zacks Investment Research downgraded EnLink Midstream Partners, from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.08.

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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