Analysts Set EnLink Midstream, LLC (NYSE:ENLC) Target Price at $15.40

EnLink Midstream, LLC (NYSE:ENLC - Get Free Report) has been given a consensus recommendation of "Hold" by the thirteen brokerages that are currently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.40.

A number of equities research analysts recently issued reports on the stock. UBS Group downgraded shares of EnLink Midstream from a "buy" rating to a "neutral" rating and set a $16.00 target price for the company. in a report on Monday, September 30th. StockNews.com assumed coverage on shares of EnLink Midstream in a research note on Monday, December 30th. They set a "hold" rating for the company. Mizuho reaffirmed a "neutral" rating and issued a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, October 31st. Raymond James cut EnLink Midstream from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Finally, US Capital Advisors lowered EnLink Midstream from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, November 26th.

Insider Buying and Selling at EnLink Midstream

In related news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $14.90, for a total value of $2,985,077,219.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EnLink Midstream

A number of hedge funds have recently bought and sold shares of ENLC. Newbridge Financial Services Group Inc. acquired a new position in EnLink Midstream during the 2nd quarter worth $56,000. Wilmington Savings Fund Society FSB bought a new position in shares of EnLink Midstream during the third quarter worth about $98,000. Icon Wealth Advisors LLC acquired a new position in EnLink Midstream in the third quarter worth about $107,000. Sunbelt Securities Inc. increased its holdings in 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 last quarter. Finally, Inscription Capital LLC acquired a new stake in EnLink Midstream during the third quarter valued at approximately $154,000. Institutional investors and hedge funds own 45.87% of the company's stock.

EnLink Midstream Trading Up 1.2 %

Shares of EnLink Midstream stock traded up $0.17 during trading hours on Friday, reaching $14.50. 1,258,551 shares of the company's stock were exchanged, compared to its average volume of 1,310,125. EnLink Midstream has a 52-week low of $11.53 and a 52-week high of $16.40. The company has a fifty day moving average of $14.97 and a 200-day moving average of $14.29. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 69.05 and a beta of 2.43.

EnLink Midstream (NYSE:ENLC - Get Free Report) last released its earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 return on equity of 9.51% and a net margin of 1.96%. The business's quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. Sell-side analysts forecast that EnLink Midstream will post 0.51 EPS for the current fiscal year.

EnLink Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, November 1st. EnLink Midstream's dividend payout ratio (DPR) is presently 252.38%.

About EnLink Midstream

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.