EnLink Midstream Partners LP (ENLK) : Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in EnLink Midstream Partners LP by 27.71% during the most recent quarter end. The investment management company now holds a total of 2,325,832 shares of EnLink Midstream Partners LP which is valued at $39,469,369 after selling 891,463 shares in EnLink Midstream Partners LP , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.EnLink Midstream Partners LP makes up approximately 0.75% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.
Other Hedge Funds, Including , Cbre Clarion Securities added ENLK to its portfolio by purchasing 63,400 company shares during the most recent quarter which is valued at $1,075,898. EnLink Midstream Partners LP makes up approx 0.01% of Cbre Clarion Securities’s portfolio. Capital Advisors Incok sold out all of its stake in ENLK during the most recent quarter. The investment firm sold 10,850 shares of ENLK which is valued $185,210.Jrm Investment Counsel reduced its stake in ENLK by selling 55,200 shares or 34.79% in the most recent quarter. The Hedge Fund company now holds 103,450 shares of ENLK which is valued at $1,781,409. EnLink Midstream Partners LP makes up approx 1.64% of Jrm Investment Counsel’s portfolio.First Trust Advisors Lp reduced its stake in ENLK by selling 169,845 shares or 22.41% in the most recent quarter. The Hedge Fund company now holds 588,089 shares of ENLK which is valued at $10,126,893. EnLink Midstream Partners LP makes up approx 0.03% of First Trust Advisors Lp’s portfolio. Mitchell Mcleod Pugh Williams Inc sold out all of its stake in ENLK during the most recent quarter. The investment firm sold 15,500 shares of ENLK which is valued $277,605.
EnLink Midstream Partners LP closed down -0.03 points or -0.17% at $17.88 with 2,79,545 shares getting traded on Tuesday. Post opening the session at $17.81, the shares hit an intraday low of $17.81 and an intraday high of $18.018 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, EnLink Midstream Partners LP reported $-1.74 EPS for the quarter, missing the analyst consensus estimate by $ -1.82 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $889.70 million for the quarter, compared to analysts expectations of $1059.09 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on EnLink Midstream Partners LP. EnLink Midstream Partners LP was Upgraded by Morgan Stanley to ” Overweight” on Jun 22, 2016. EnLink Midstream Partners LP was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.
EnLink Midstream Partners LP formerly Crosstex Energy L.P. focuses on providing midstream energy services including gathering transmission processing fractionation and marketing to producers of natural gas natural gas liquids (NGL) crude oil and condensate. The Company also provides crude oil condensate and brine disposal services to producers. The Company owns and operates around 360 miles of gas gathering pipelines approximately 300 Million Cubic Feet per Day (MMcf/d) of processing capacity as well as crude trucking and logistics services extending through seven counties in the core of the Midland Basin. EnLink Midstream operates approximately 9100 miles of gathering and transportation pipelines 16 processing plants seven fractionators as well as barge and rail terminals product storage facilities brine disposal wells truck terminals and a fleet of approximately 100 trucks.