Duff Phelps Investment Management Co buys $32,298,924 stake in EnLink Midstream Partners LP (ENLK)

EnLink Midstream Partners LP (ENLK) : Duff Phelps Investment Management Co scooped up 135,000 additional shares in EnLink Midstream Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,791,399 shares of EnLink Midstream Partners LP which is valued at $32,298,924.EnLink Midstream Partners LP makes up approximately 0.47% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Spirit Of America Management Corpny boosted its stake in ENLK in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 814,557 shares of EnLink Midstream Partners LP which is valued at $14,686,463. EnLink Midstream Partners LP makes up approx 1.94% of Spirit Of America Management Corpny’s portfolio. Fox Run Management L.l.c. sold out all of its stake in ENLK during the most recent quarter. The investment firm sold 17,400 shares of ENLK which is valued $305,892.Cutler Group Lp reduced its stake in ENLK by selling 16,860 shares or 26.76% in the most recent quarter. The Hedge Fund company now holds 46,140 shares of ENLK which is valued at $818,062. EnLink Midstream Partners LP makes up approx 0.05% of Cutler Group Lp’s portfolio.Simplex Trading boosted its stake in ENLK in the latest quarter, The investment management firm added 1,542 additional shares and now holds a total of 11,786 shares of EnLink Midstream Partners LP which is valued at $203,191. EnLink Midstream Partners LP makes up approx 0.03% of Simplex Trading’s portfolio.

EnLink Midstream Partners LP opened for trading at $17.85 and hit $18.07 on the upside on Friday, eventually ending the session at $18.03, with a gain of 0.90% or 0.16 points. The heightened volatility saw the trading volume jump to 4,15,562 shares. Company has a market cap of $6,065 M.

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 Downgraded by Credit Suisse to ” Neutral” on Sep 13, 2016. FBR Capital Initiated EnLink Midstream Partners LP on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $19.EnLink Midstream Partners LP was Downgraded by Morgan Stanley to ” Equal-Weight” on Sep 2, 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.

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