EnLink Midstream, LLC (NYSE:ENLC) Given Average Recommendation of "Hold" by Analysts

EnLink Midstream, LLC (NYSE:ENLC - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.40.

Several research firms recently commented on ENLC. Stifel Nicolaus cut shares of EnLink Midstream from a "buy" rating to a "hold" rating and set a $15.00 target price on the stock. in a research report on Friday, August 30th. Capital One Financial reissued an "equal weight" rating and issued a $16.00 target price on shares of EnLink Midstream in a research note on Tuesday, September 3rd. Tudor Pickering upgraded EnLink Midstream to a "strong-buy" rating in a research report on Friday, August 16th. StockNews.com upgraded EnLink Midstream from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. Finally, Mizuho restated a "neutral" rating and issued a $15.00 target price on shares of EnLink Midstream in a report on Thursday, October 31st.

Insider Buying and Selling

In other EnLink Midstream news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is owned by insiders.

Institutional Trading of EnLink Midstream

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. increased its position in EnLink Midstream by 12.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 7,702 shares of the pipeline company's stock valued at $106,000 after buying an additional 853 shares in the last quarter. First Dallas Securities Inc. increased its holdings in shares of EnLink Midstream by 0.6% during the second quarter. First Dallas Securities Inc. now owns 158,598 shares of the pipeline company's stock valued at $2,182,000 after acquiring an additional 960 shares in the last quarter. Callahan Advisors LLC raised its position in shares of EnLink Midstream by 8.7% in the 2nd quarter. Callahan Advisors LLC now owns 12,500 shares of the pipeline company's stock worth $172,000 after purchasing an additional 1,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in EnLink Midstream by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,861 shares of the pipeline company's stock worth $191,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in EnLink Midstream by 0.6% in the 3rd quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company's stock worth $3,885,000 after purchasing an additional 1,473 shares in the last quarter. 45.87% of the stock is owned by hedge funds and other institutional investors.

EnLink Midstream Price Performance

ENLC stock traded up $0.16 during mid-day trading on Friday, hitting $15.49. 1,766,869 shares of the stock were exchanged, compared to its average volume of 1,826,942. The business has a fifty day moving average price of $14.77 and a 200 day moving average price of $13.85. EnLink Midstream has a 12 month low of $11.53 and a 12 month high of $15.67. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.65. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 73.79 and a beta of 2.41.

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 analysts' consensus estimates of $0.13 by ($0.16). EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm earned $0.10 EPS. The business's quarterly revenue was down 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that EnLink Midstream will post 0.55 EPS for the current year.

EnLink Midstream Announces Dividend

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 dividend yield of 3.42%. The ex-dividend date was Friday, November 1st. EnLink Midstream's dividend payout ratio is currently 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.