Baird May Have Just Lost Faith in EnLink Midstream Partners (NYSE:ENLK)

Marco Green
March 3, 2018

The pipeline company reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.12 by ($0.08). The stock decreased 1.20% or $0.17 during the last trading session, reaching $13.99. Verity & Verity LLC raised its holdings in shares of Magellan Midstream Partners by 1.7% during the third quarter.

Another recent and important Rice Midstream Partners LP (NYSE:RMP) news was published by Seekingalpha.com which published an article titled: "Rice Midstream Partners: To Hold Or To Bail" on February 28, 2018. It has outperformed by 2.04% the S&P500.

Mai Wealth Advisors decreased its stake in Magellan Midstream Ptnrs Lp (MMP) by 4.39% based on its latest 2017Q3 regulatory filing with the SEC. Tortoise Capital Advisors Llc bought 717,317 shares as the company's stock declined 7.68% while stock markets rallied. The hedge fund held 123,091 shares of the natural gas distribution company at the end of 2017Q3, valued at $8.75M, down from 128,740 at the end of the previous reported quarter. Harvest Fund Advisors Llc who had been investing in Enlink Midstream Partners Lp for a number of months, seems to be bullish on the $5.12 billion market cap company. They expect $3.02 EPS, up 11.44% or $0.31 from last year's $2.71 per share. The shares were sold at an average price of $68.03, for a total value of $1,513,735.53.

Magellan Midstream Partners (NYSE:MMP) last released its earnings results on Thursday, February 1st. It has underperformed by 31.65% the S&P500.

Analysts await NXP Semiconductors N.V. (NASDAQ:NXPI) to report earnings on May, 2. EBAY's profit will be $445.31M for 24.52 P/E if the $0.44 EPS becomes a reality. Zacks Investment Research cut shares of Rice Midstream Partners from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 8th. Therefore 80% are positive. EQT Midstream Partners had 35 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has "Hold" rating by RBC Capital Markets given on Thursday, February 1. Sei Investments Co. now owns 56,271 shares of the pipeline company's stock worth $3,992,000 after purchasing an additional 7,714 shares during the period. The stock of Rice Midstream Partners LP (NYSE:RMP) has "Hold" rating given on Monday, February 12 by RBC Capital Markets. As per Friday, July 21, the company rating was maintained by Oppenheimer. On Thursday, June 22 the stock rating was maintained by Jefferies with "Hold". The firm has "Buy" rating by Barclays Capital given on Wednesday, December 20. The firm has "Underperform" rating by Credit Suisse given on Thursday, March 17. The firm earned "Equal-Weight" rating on Thursday, February 25 by Morgan Stanley. The stock has "Buy" rating by UBS on Tuesday, July 18.

Verity & Verity Llc, which manages about $217.83 million and $342.96 million US Long portfolio, upped its stake in Aflac Inc (NYSE:AFL) by 5,285 shares to 36,140 shares, valued at $2.94 million in 2017Q3, according to the filing.

Since September 7, 2017, it had 0 buys, and 6 sales for $10.54 million activity. Hood Amy sold $4.00M worth of Microsoft Corporation (NASDAQ:MSFT) on Tuesday, August 29. REICH JOEL D sold $362,686 worth of stock. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.44 and a quick ratio of 2.44. Its down 0.07, from 1 in 2017Q2. It is positive, as 40 investors sold MSFT shares while 952 reduced holdings. RICHARD HENRI P sold 1,976 shares worth $83,009. Bush Odonnell Invest Advsrs Inc reported 0.71% stake. L And S Inc holds 3.42% or 119,539 shares in its portfolio. Lsv Asset Management invested in 0.66% or 2.52 million shares. Ledyard National Bank holds 0.04% or 2,136 shares. Symphony Asset Mgmt invested in 202,085 shares or 1.67% of the stock. Another trade for 32,183 shares valued at $5.34 million was made by Gilles Jean H on Wednesday, February 21. Royal Savings Bank Of Canada reported 805,804 shares. Clinton Gp Inc, a New York-based fund reported 8,875 shares. Decatur owns 2.56% invested in Aetna Inc. This represents a yield of 0.0125170068027211%. Magellan Midstream Partners, L.P. has a twelve month low of $63.55 and a twelve month high of $78.48. Goldman Sachs Group started coverage on shares of EnLink Midstream Partners in a research report on Friday, November 17th. Callahan Advsr Limited Com owns 3,598 shares for 0.05% of their portfolio. First Trust Advisors LP grew its stake in EnLink Midstream Partners by 6.5% during the 4th quarter.

Investors sentiment is 0.9 in Q3 2017. 9 funds opened positions while 9 raised stakes. Brighton Jones Ltd Llc reported 5,632 shares. With an institutional ownership near 47.5%, it carries an earnings per share ratio of 0.59. Parametric Port Associates Llc holds 1.12M shares or 0.2% of its portfolio. M&R Capital Management accumulated 3,500 shares. Narwhal Mngmt reported 30,350 shares. 223,712 are held by Nuveen Asset Mgmt Ltd Limited Liability Company. Sterling Ltd reported 0% stake. Our assets include interests in entities that own crude oil and refined products pipelines and terminals that serve as key infrastructure to (i) transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and (ii) deliver refined products from those markets to major demand centers. Following the sale, the chief executive officer now directly owns 196,473 shares of the company's stock, valued at $13,360,164. Northeast Fincl Consultants Inc stated it has 18,000 shares. EnLink Midstream Partners's dividend payout ratio (DPR) is presently 3,120.62%.

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