ENLC FY2025 EPS Estimate Increased by US Capital Advisors

EnLink Midstream, LLC (NYSE:ENLC - Free Report) - Analysts at US Capital Advisors lifted their FY2025 earnings estimates for shares of EnLink Midstream in a note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $0.88 for the year, up from their previous forecast of $0.85. US Capital Advisors currently has a "Hold" rating on the stock. The consensus estimate for EnLink Midstream's current full-year earnings is $0.51 per share. US Capital Advisors also issued estimates for EnLink Midstream's FY2026 earnings at $1.05 EPS.

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

ENLC has been the subject of a number of other reports. Tudor, Pickering, Holt & Co. upgraded EnLink Midstream from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Friday, August 16th. Stifel Nicolaus cut shares of EnLink Midstream from a "buy" rating to a "hold" rating and set a $15.00 target price for the company. in a research note on Friday, August 30th. Mizuho reaffirmed a "neutral" rating and set a $15.00 price target on shares of EnLink Midstream in a research report on Thursday, October 31st. UBS Group cut shares of EnLink Midstream from a "buy" rating to a "neutral" rating and set a $16.00 price target for the company. in a research note on Monday, September 30th. Finally, Morgan Stanley lowered shares of EnLink Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective on the stock. in a research note on Monday, September 16th. Ten research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.40.

EnLink Midstream Stock Down 0.4 %

Shares of NYSE:ENLC traded down $0.06 during midday trading on Thursday, reaching $15.85. The company had a trading volume of 1,582,920 shares, compared to its average volume of 3,415,446. EnLink Midstream has a 1-year low of $11.53 and a 1-year high of $16.40. The stock has a market cap of $7.24 billion, a PE ratio of 75.48 and a beta of 2.41. 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 business's 50 day moving average price is $14.96 and its 200 day moving average price is $13.99.

Hedge Funds Weigh In On EnLink Midstream

A number of hedge funds have recently bought and sold shares of ENLC. CANADA LIFE ASSURANCE Co grew its position in shares of EnLink Midstream by 4.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 184,007 shares of the pipeline company's stock worth $2,513,000 after purchasing an additional 8,218 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of EnLink Midstream in the first quarter valued at approximately $1,453,000. B. Riley Wealth Advisors Inc. grew its position in EnLink Midstream by 13.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 69,793 shares of the pipeline company's stock worth $952,000 after buying an additional 8,370 shares in the last quarter. Comerica Bank increased its stake in EnLink Midstream by 16.2% during the 1st quarter. Comerica Bank now owns 14,793 shares of the pipeline company's stock worth $202,000 after acquiring an additional 2,063 shares during the period. Finally, Cetera Investment Advisers acquired a new position in EnLink Midstream in the 1st quarter valued at $1,799,000. 45.87% of the stock is owned by institutional investors.

Insider Transactions at EnLink Midstream

In other news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of EnLink Midstream stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $14.90, for a total transaction of $2,985,077,219.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.84% of the company's stock.

EnLink Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a dividend of $0.1325 per share. The ex-dividend date was Friday, November 1st. This represents a $0.53 annualized dividend and a yield of 3.34%. EnLink Midstream's dividend payout ratio (DPR) is presently 252.38%.

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.