Fort Washington Investment Advisors Inc. OH Takes $2.05 Million Position in EnLink Midstream, LLC (NYSE:ENLC)

Fort Washington Investment Advisors Inc. OH purchased a new stake in EnLink Midstream, LLC (NYSE:ENLC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 145,070 shares of the pipeline company's stock, valued at approximately $2,053,000.

Several other hedge funds have also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. bought a new position in EnLink Midstream during the second quarter worth about $56,000. Wilmington Savings Fund Society FSB bought a new position in shares of EnLink Midstream during the third quarter worth approximately $98,000. Icon Wealth Advisors LLC acquired a new stake in shares of EnLink Midstream in the third quarter valued at approximately $107,000. Sunbelt Securities Inc. boosted its stake in shares of EnLink Midstream by 21.9% in the second quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company's stock valued at $116,000 after buying an additional 1,511 shares during the period. Finally, Inscription Capital LLC acquired a new stake in EnLink Midstream during the third quarter worth approximately $154,000. 45.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENLC. Mizuho reaffirmed a "neutral" rating and issued a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, October 31st. Raymond James cut shares of EnLink Midstream from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. StockNews.com initiated coverage on EnLink Midstream in a research note on Thursday. They issued a "hold" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Finally, UBS Group lowered shares of EnLink Midstream from a "buy" rating to a "neutral" rating and set a $16.00 target price on the stock. in a research report on Monday, September 30th. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.40.

EnLink Midstream Stock Down 0.4 %

NYSE:ENLC traded down $0.06 during trading hours on Friday, hitting $14.72. 4,658,162 shares of the company traded hands, compared to its average volume of 2,922,091. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The company has a market cap of $6.73 billion, a PE ratio of 70.07 and a beta of 2.43. The firm's 50-day simple moving average is $14.89 and its 200-day simple moving average is $14.41. EnLink Midstream, LLC has a one year low of $11.55 and a one year high of $16.40.

EnLink Midstream (NYSE:ENLC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.16). The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.98 billion. EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. The business's revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Equities analysts predict that EnLink Midstream, LLC will post 0.46 earnings per share for the current year.

EnLink Midstream Company Profile

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.