US Capital Advisors Brokers Lift Earnings Estimates for ENLC

EnLink Midstream, LLC (NYSE:ENLC - Free Report) - US Capital Advisors raised their Q3 2024 earnings per share estimates for shares of EnLink Midstream in a research note issued to investors on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.18 per share for the quarter, up from their previous forecast of $0.17. 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 Q4 2025 earnings at $0.26 EPS.

EnLink Midstream (NYSE:ENLC - Get Free Report) last posted its earnings results 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 business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.90 billion. EnLink Midstream had a return on equity of 8.22% and a net margin of 2.15%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share.

A number of other analysts also recently weighed in on ENLC. Tudor Pickering upgraded EnLink Midstream to a "strong-buy" rating in a research report on Friday, August 16th. Wells Fargo & Company downgraded EnLink Midstream from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $16.00 to $15.00 in a research report on Friday, August 30th. Tudor, Pickering, Holt & Co. upgraded EnLink Midstream from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Friday, August 16th. Morgan Stanley downgraded 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. Finally, UBS Group downgraded EnLink Midstream from a "buy" rating to a "neutral" rating and set a $16.00 price objective for the company. in a research report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.44.

EnLink Midstream Stock Performance

Shares of ENLC stock traded up $0.06 during trading on Wednesday, reaching $14.90. 2,722,101 shares of the company's stock were exchanged, compared to its average volume of 2,016,592. The firm's fifty day moving average price is $14.41 and its 200-day moving average price is $13.71. The stock has a market capitalization of $6.88 billion, a PE ratio of 49.23 and a beta of 2.40. EnLink Midstream has a twelve month low of $11.53 and a twelve month high of $14.94. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.72.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ENLC. ORG Partners LLC bought a new position in shares of EnLink Midstream in the second quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of EnLink Midstream during the second quarter valued at approximately $56,000. SG Americas Securities LLC purchased a new stake in shares of EnLink Midstream during the first quarter valued at approximately $105,000. First Horizon Advisors Inc. increased its position in shares of EnLink Midstream by 12.5% during the second 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 during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of EnLink Midstream by 21.9% during the second 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 during the last quarter. Institutional investors own 45.87% of the company's stock.

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 that occurred 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 available at this hyperlink. 0.84% of the stock is currently owned by insiders.

EnLink Midstream Dividend Announcement

The firm 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 dividend of $0.1325 per share. The ex-dividend date is Friday, November 1st. This represents a $0.53 annualized dividend and a yield of 3.56%. EnLink Midstream's dividend payout ratio is currently 176.67%.

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.