Equities Analysts Issue Forecasts for ENLC FY2025 Earnings

EnLink Midstream, LLC (NYSE:ENLC - Free Report) - Investment analysts at US Capital Advisors lowered their FY2025 earnings estimates for shares of EnLink Midstream in a research note issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.85 per share for the year, down from their previous estimate of $0.86. The consensus estimate for EnLink Midstream's current full-year earnings is $0.58 per share. US Capital Advisors also issued estimates for EnLink Midstream's FY2026 earnings at $1.04 EPS.

ENLC has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on shares of EnLink Midstream from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Wednesday, July 10th. Stifel Nicolaus lowered EnLink Midstream from a "buy" rating to a "hold" rating and set a $15.00 price objective for the company. in a research note on Friday, August 30th. Royal Bank of Canada reissued a "sector perform" rating and issued a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, August 29th. Wells Fargo & Company lowered EnLink Midstream from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Friday, August 30th. Finally, Morgan Stanley cut EnLink Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target for the company. in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EnLink Midstream currently has a consensus rating of "Hold" and an average target price of $15.44.

EnLink Midstream Stock Performance

ENLC traded up $0.15 during trading on Tuesday, reaching $14.86. 1,345,553 shares of the company's stock were exchanged, compared to its average volume of 2,015,265. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.65 and a quick ratio of 0.65. EnLink Midstream has a 1 year low of $11.53 and a 1 year high of $14.87. The company's fifty day simple moving average is $14.41 and its 200-day simple moving average is $13.71. The stock has a market capitalization of $6.86 billion, a P/E ratio of 49.53 and a beta of 2.40.

EnLink Midstream (NYSE:ENLC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). The firm had revenue of $1.55 billion during 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 firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share.

Institutional Trading of EnLink Midstream

Several large investors have recently bought and sold shares of ENLC. Chickasaw Capital Management LLC grew its holdings in EnLink Midstream by 5.5% in the 2nd quarter. Chickasaw Capital Management LLC now owns 14,602,011 shares of the pipeline company's stock valued at $200,924,000 after buying an additional 759,994 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of EnLink Midstream by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,823,891 shares of the pipeline company's stock valued at $93,884,000 after acquiring an additional 133,327 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of EnLink Midstream by 32.4% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 3,324,324 shares of the pipeline company's stock valued at $48,236,000 after purchasing an additional 812,767 shares during the period. Hennessy Advisors Inc. increased its position in EnLink Midstream by 17.0% during the second quarter. Hennessy Advisors Inc. now owns 2,477,000 shares of the pipeline company's stock worth $34,084,000 after purchasing an additional 360,400 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in EnLink Midstream by 4.7% during the second quarter. Westwood Holdings Group Inc. now owns 2,351,996 shares of the pipeline company's stock worth $32,363,000 after purchasing an additional 106,467 shares during the last quarter. Hedge funds and other institutional investors own 45.87% of the company's stock.

Insider Activity

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 stock was sold at an average price of $14.90, for a total value of $2,985,077,219.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.84% of the company's stock.

EnLink Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.1325 per share. The ex-dividend date is Friday, November 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.57%. EnLink Midstream's payout ratio is currently 176.67%.

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.