EnLink Midstream, LLC (NYSE:ENLC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in EnLink Midstream, LLC (NYSE:ENLC - Free Report) by 121.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 466,559 shares of the pipeline company's stock after purchasing an additional 255,855 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of EnLink Midstream worth $6,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in EnLink Midstream by 100.8% in the 3rd quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company's stock valued at $1,883,000 after buying an additional 63,997 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of EnLink Midstream by 4.3% in the second quarter. Miller Howard Investments Inc. NY now owns 2,254,063 shares of the pipeline company's stock valued at $31,016,000 after purchasing an additional 93,587 shares during the period. 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. Catalyst Capital Advisors LLC increased its position in EnLink Midstream by 120.1% during the third quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company's stock worth $30,348,000 after purchasing an additional 1,141,254 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in EnLink Midstream by 468.8% during the second quarter. Mackenzie Financial Corp now owns 102,368 shares of the pipeline company's stock worth $1,409,000 after purchasing an additional 84,372 shares during the period. Institutional investors and hedge funds own 45.87% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ENLC shares. Stifel Nicolaus downgraded shares of EnLink Midstream from a "buy" rating to a "hold" rating and set a $15.00 price target for the company. in a report on Friday, August 30th. Raymond James downgraded EnLink Midstream from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Tudor Pickering upgraded EnLink Midstream to a "strong-buy" rating in a report on Friday, August 16th. Mizuho restated a "neutral" rating and issued a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, October 31st. Finally, Tudor, Pickering, Holt & Co. raised shares of EnLink Midstream from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Friday, August 16th. Eleven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EnLink Midstream has a consensus rating of "Hold" and a consensus price target of $15.40.

EnLink Midstream Stock Up 0.5 %

NYSE ENLC traded up $0.08 during trading on Wednesday, reaching $14.75. 3,647,815 shares of the company's stock were exchanged, compared to its average volume of 2,155,056. The company has a 50 day moving average price of $15.12 and a two-hundred day moving average price of $14.13. The stock has a market cap of $6.74 billion, a P/E ratio of 70.24 and a beta of 2.44. EnLink Midstream, LLC has a 1 year low of $11.53 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

EnLink Midstream (NYSE:ENLC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.16). The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.98 billion. EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. EnLink Midstream's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, equities research analysts anticipate that EnLink Midstream, LLC will post 0.51 EPS for the current fiscal year.

EnLink Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a $0.1325 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.53 annualized dividend and a yield of 3.59%. EnLink Midstream's dividend payout ratio (DPR) is 252.38%.

Insiders Place Their Bets

In other news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the company's stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.

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.