Analysts Set EnLink Midstream, LLC (NYSE:ENLC) PT at $15.33

Shares of EnLink Midstream, LLC (NYSE:ENLC) have been assigned a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.44.

A number of research firms have recently weighed in on ENLC. Stifel Nicolaus downgraded shares of EnLink Midstream from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Friday, August 30th. Capital One Financial restated an “equal weight” rating and issued a $16.00 target price on shares of EnLink Midstream in a report on Tuesday, September 3rd. Tudor Pickering upgraded shares of EnLink Midstream to a “strong-buy” rating in a report on Friday, August 16th. Tudor, Pickering, Holt & Co. upgraded shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted 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.

Hedge Funds Weigh In On EnLink Midstream

A number of hedge funds have recently added to or reduced their stakes in ENLC. UBS Group AG grew its stake in EnLink Midstream by 6.9% in the 4th quarter. UBS Group AG now owns 1,648,879 shares of the pipeline company’s stock worth $20,050,000 after acquiring an additional 106,523 shares in the last quarter. Wells Fargo & Company MN grew its stake in EnLink Midstream by 56.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,034,809 shares of the pipeline company’s stock worth $12,583,000 after acquiring an additional 373,969 shares in the last quarter. Allianz Asset Management GmbH grew its stake in EnLink Midstream by 1.3% in the 4th quarter. Allianz Asset Management GmbH now owns 2,100,600 shares of the pipeline company’s stock worth $25,543,000 after acquiring an additional 26,700 shares in the last quarter. Boulder Hill Capital Management LP bought a new position in EnLink Midstream in the 4th quarter worth about $582,000. Finally, Goldman Sachs Group Inc. grew its stake in EnLink Midstream by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 15,964,328 shares of the pipeline company’s stock worth $194,126,000 after acquiring an additional 186,801 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors.

EnLink Midstream Stock Performance

Shares of NYSE ENLC opened at $14.66 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $6.62 billion, a P/E ratio of 41.89 and a beta of 2.40. The firm’s fifty day moving average is $13.73 and its two-hundred day moving average is $13.54. EnLink Midstream has a 52-week low of $11.44 and a 52-week high of $14.80.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). EnLink Midstream had a net margin of 2.15% and a return on equity of 8.22%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. As a group, analysts anticipate that EnLink Midstream will post 0.59 EPS for the current fiscal year.

EnLink Midstream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were paid a $0.1325 dividend. This is an increase from EnLink Midstream’s previous quarterly dividend of $0.13. This represents a $0.53 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, August 2nd. EnLink Midstream’s dividend payout ratio is currently 151.43%.

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.