EnLink Midstream, LLC (NYSE:ENLC) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of EnLink Midstream, LLC (NYSE:ENLC - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,249,681 shares of the pipeline company's stock after selling 209,163 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 2.68% of EnLink Midstream worth $148,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ENLC. Raymond James & Associates raised its holdings in EnLink Midstream by 29.4% during the 1st quarter. Raymond James & Associates now owns 81,453 shares of the pipeline company's stock valued at $786,000 after buying an additional 18,487 shares during the period. Cetera Advisor Networks LLC raised its holdings in EnLink Midstream by 34.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 33,916 shares of the pipeline company's stock valued at $327,000 after buying an additional 8,600 shares during the period. Great West Life Assurance Co. Can raised its holdings in EnLink Midstream by 16.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 175,190 shares of the pipeline company's stock valued at $1,797,000 after buying an additional 24,361 shares during the period. Dimensional Fund Advisors LP raised its holdings in EnLink Midstream by 7.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,225,310 shares of the pipeline company's stock valued at $108,324,000 after buying an additional 746,457 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in EnLink Midstream by 15.5% during the 1st quarter. Allianz Asset Management GmbH now owns 1,723,580 shares of the pipeline company's stock valued at $16,633,000 after buying an additional 231,880 shares during the period. Hedge funds and other institutional investors own 45.87% of the company's stock.

EnLink Midstream Stock Down 0.5 %

Shares of EnLink Midstream stock traded down $0.07 during trading on Friday, hitting $13.87. 1,381,396 shares of the stock traded hands, compared to its average volume of 1,820,812. The firm has a market cap of $6.29 billion, a P/E ratio of 31.52 and a beta of 2.39. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.70. EnLink Midstream, LLC has a 52-week low of $8.45 and a 52-week high of $14.18. The stock's fifty day simple moving average is $12.64 and its 200 day simple moving average is $12.53.

EnLink Midstream (NYSE:ENLC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The pipeline company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. EnLink Midstream had a return on equity of 8.12% and a net margin of 2.99%. On average, equities analysts predict that EnLink Midstream, LLC will post 0.6 earnings per share for the current fiscal year.

EnLink Midstream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Monday, January 29th were paid a dividend of $0.1325 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $0.53 annualized dividend and a dividend yield of 3.82%. This is a positive change from EnLink Midstream's previous quarterly dividend of $0.13. EnLink Midstream's dividend payout ratio (DPR) is currently 120.46%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group increased their target price on EnLink Midstream from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. StockNews.com lowered EnLink Midstream from a "buy" rating to a "hold" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their target price on EnLink Midstream from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, February 29th. Finally, Capital One Financial assumed coverage on EnLink Midstream in a research note on Friday, March 22nd. They issued an "overweight" rating and a $15.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.43.

Insider Buying and Selling at EnLink Midstream

In other EnLink Midstream news, CAO Jan Philipp Rossbach sold 50,000 shares of EnLink Midstream stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $12.32, for a total value of $616,000.00. Following the transaction, the chief accounting officer now owns 58,410 shares in the company, valued at $719,611.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other EnLink Midstream news, CAO Jan Philipp Rossbach sold 50,000 shares of EnLink Midstream stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $12.32, for a total value of $616,000.00. Following the transaction, the chief accounting officer now owns 58,410 shares in the company, valued at $719,611.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Benjamin D. Lamb sold 250,552 shares of EnLink Midstream stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $12.08, for a total value of $3,026,668.16. Following the completion of the transaction, the chief financial officer now owns 534,000 shares in the company, valued at approximately $6,450,720. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

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.