EnLink Midstream Partners
EnLink Midstream Partners (ENLK) saw a net addition of 4.8 million positions among the top institutional holders in ENLK during the third quarter. This addition indicates bullish sentiment in the stock. Alps Advisors was the biggest buyer of ENLK, with an addition of 1.42 million positions in 3Q17. Center Coast Capital Advisors remains the largest holder in ENLK with an addition of 0.46 million positions. It currently holds 4.02% of the partnership.
Western Gas Partners
First Reserve Corporation unloaded a major position in Western Gas Partners (WES) during the third quarter. It sold 14.05 million shares of WES, valued at $720.5 million in 3Q17. However, the number of institutional holders in WES rose to 258 by the end of the third quarter, compared to 253 in the previous quarter. Moreover, the percentage of shares held by institutional investors rose to 62.4% from 55.5%.
Among the top institutional holders in WES, net 9.2 million positions were added, which indicates bullish sentiment in the stock. Bank of America Merrill Lynch was the biggest buyer in WES in 3Q17 with an addition of 5.2 million positions. Tortoise Capital Advisors remains the top institutional holder in WES. It current holds 8.4% of WES.
Enable Midstream Partners
Enable Midstream Partners (ENBL) saw a net addition of 1.1 million positions among the top institutional holders in ENBL during the third quarter, which indicates bullish sentiment in the stock. ClearBridge Investments was the biggest buyer in ENBL with an addition of 0.76 million positions while Cushing Asset Management was the biggest seller, unloading 0.41 million positions. ArcLight Capital Partners is currently the top institutional holder in ENBL with 10.0% of the general partner.
DCP Midstream (DCP) saw a net addition of 0.4 million positions among the top institutional holders in DCP in the third quarter, which might indicate bullish sentiment in the stock. Alps Advisors and J.P. Morgan Securities were the biggest buyers of DCP, with 0.74 million and 0.45 million positions added, while Eagle Global Advisors and RR Advisors were the biggest sellers, with 0.62 million and 0.46 million positions unloaded. Advisory Research remains the top institutional holder in DCP despite unloading a minor position (0.15 million) during the third quarter. It currently holds 6.0% of DCP.
Among our select peers, WES saw the most buying in the second quarter. Institutional investors bullishness towards WES could be attributed to its higher capital spending plans, low leverage, and strong presence in the prolific DJ and Delaware Basins.