EnLink Midstream (ENLC) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EnLink Midstream in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ENLC shares.
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6 Wall Street research analysts have issued 12 month price targets for EnLink Midstream's shares. Their ENLC share price targets range from $12.00 to $17.00. On average, they anticipate the company's stock price to reach $14.63 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
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EnLink Midstream's stock was trading at $12.16 at the start of the year. Since then, ENLC shares have increased by 10.4% and is now trading at $13.43.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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EnLink Midstream will be holding an earnings conference call on Wednesday, May 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

EnLink Midstream, LLC (NYSE:ENLC) posted its quarterly earnings results on Tuesday, February, 20th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.14. The pipeline company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. EnLink Midstream had a trailing twelve-month return on equity of 8.12% and a net margin of 2.99%.

EnLink Midstream declared a quarterly dividend on Thursday, April 11th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.132 per share on Tuesday, May 14th. This represents a $0.53 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Thursday, April 25th.
Read our dividend analysis for ENLC.

EnLink Midstream (NYSE:ENLC) pays an annual dividend of $0.53 per share and currently has a dividend yield of 3.94%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 120.46%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ENLC will have a dividend payout ratio of 70.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ENLC.

ETFs with the largest weight of EnLink Midstream (NYSE:ENLC) stock in their portfolio include InfraCap MLP ETF (AMZA), Global X MLP ETF (MLPA), Alerian MLP ETF (AMLP), Virtus Duff & Phelps Clean Energy ETF (VCLN), Alerian Energy Infrastructure ETF (ENFR), Pacer American Energy Independence ETF (USAI), VanEck Energy Income ETF (EINC) and USCF Midstream Energy Income Fund (UMI).

18 employees have rated EnLink Midstream Chief Executive Officer Barry Davis on Glassdoor.com. Barry Davis has an approval rating of 43% among the company's employees. This puts Barry Davis in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other EnLink Midstream investors own include Golar LNG Partners (GMLP), Washington Prime Group (WPG), Gran Tierra Energy (GTE), Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), New Residential Investment (NRZ), CNBX Pharmaceuticals (CNBX), ADMA Biologics (ADMA), CBL & Associates Properties (CBL) and Matinas BioPharma (MTNB).

EnLink Midstream's stock is owned by many different institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (3.05%), Miller Howard Investments Inc. NY (0.48%), Hennessy Advisors Inc. (0.47%), Hodges Capital Management Inc. (0.04%), First Dallas Securities Inc. (0.03%) and Counterpoint Mutual Funds LLC (0.01%). Insiders that own company stock include Alaina K Brooks, Benjamin D Lamb, Egypt Holdings Lp Wsip, Goldman Sachs Group Inc, Jan Philipp Rossbach and Kyle D Vann.
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Shares of ENLC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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