EnLink Midstream, LLC (NYSE:ENLC - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $14.96 and last traded at $14.93, with a volume of 1092682 shares traded. The stock had previously closed at $14.71.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on ENLC shares. Capital One Financial reiterated an "equal weight" rating and issued a $16.00 target price on shares of EnLink Midstream in a research note on Tuesday, September 3rd. StockNews.com raised shares of EnLink Midstream from a "hold" rating to a "buy" rating in a research note on Tuesday, September 10th. Morgan Stanley lowered shares of EnLink Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective for the company. in a research report on Monday, September 16th. Tudor Pickering upgraded shares of EnLink Midstream to a "strong-buy" rating in a research report on Friday, August 16th. Finally, 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 report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $15.40.
View Our Latest Analysis on EnLink Midstream
EnLink Midstream Price Performance
The stock's fifty day moving average is $14.54 and its 200-day moving average is $13.75. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $6.89 billion, a P/E ratio of 49.80 and a beta of 2.41.
EnLink Midstream (NYSE:ENLC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.90 billion. EnLink Midstream had a net margin of 2.15% and a return on equity of 8.22%. The business's revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. On average, equities analysts anticipate that EnLink Midstream, LLC will post 0.58 earnings per share for the current year.
EnLink Midstream Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be paid a $0.1325 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.53 dividend on an annualized basis and a yield of 3.55%. EnLink Midstream's payout ratio is presently 176.67%.
Insider Activity at EnLink Midstream
In other EnLink Midstream news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $14.90, for a total value of $2,985,077,219.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On EnLink Midstream
Several institutional investors have recently added to or reduced their stakes in ENLC. ORG Partners LLC acquired a new stake in EnLink Midstream in the 2nd quarter valued at about $28,000. Newbridge Financial Services Group Inc. acquired a new stake in EnLink Midstream in the 2nd quarter valued at about $56,000. SG Americas Securities LLC acquired a new stake in EnLink Midstream in the 1st quarter valued at about $105,000. First Horizon Advisors Inc. increased its position in EnLink Midstream by 12.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 7,702 shares of the pipeline company's stock valued at $106,000 after acquiring an additional 853 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in EnLink Midstream by 21.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company's stock valued at $116,000 after acquiring an additional 1,511 shares in the last quarter. 45.87% of the stock is owned by institutional investors.
About EnLink Midstream
(
Get Free Report)
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.
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