NYSE:ENLC - Free Report ) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,860,400 shares of the pipeline company's stock after purchasing an additional 111,300 shares during the quarter. EnLink Midstream accounts for about 0.7% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 26th biggest holding. Kayne Anderson Capital Advisors LP owned about 0.41% of EnLink Midstream worth $22,622,000 at the end of the most recent reporting period.
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Several other large investors have also recently bought and sold shares of ENLC. First Horizon Advisors Inc. grew its position in shares of EnLink Midstream by 14.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,849 shares of the pipeline company's stock valued at $84,000 after purchasing an additional 885 shares during the period. Glenmede Trust Co. NA lifted its position in EnLink Midstream by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 65,035 shares of the pipeline company's stock valued at $795,000 after acquiring an additional 1,494 shares in the last quarter. Lee Financial Co boosted its stake in EnLink Midstream by 2.2% in the 3rd quarter. Lee Financial Co now owns 80,655 shares of the pipeline company's stock worth $986,000 after purchasing an additional 1,737 shares during the period. Lindbrook Capital LLC boosted its stake in EnLink Midstream by 8.6% in the 3rd quarter. Lindbrook Capital LLC now owns 26,404 shares of the pipeline company's stock worth $323,000 after purchasing an additional 2,087 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of EnLink Midstream in the 4th quarter valued at about $27,000. Institutional investors own 45.87% of the company's stock.
EnLink Midstream Stock Performance EnLink Midstream stock traded up $0.34 during midday trading on Thursday, reaching $13.65. 2,120,821 shares of the company's stock were exchanged, compared to its average volume of 1,964,939. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.78 and a current ratio of 0.78. The stock's 50-day simple moving average is $13.32 and its 200 day simple moving average is $12.72. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 39.00 and a beta of 2.39. EnLink Midstream, LLC has a 52 week low of $8.56 and a 52 week high of $14.18.
EnLink Midstream (NYSE:ENLC - Get Free Report ) last posted its earnings results on Tuesday, February 20th. The pipeline company reported $0.14 earnings per share for the quarter, hitting analysts' consensus estimates of $0.14. EnLink Midstream had a return on equity of 8.58% and a net margin of 2.40%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, analysts expect that EnLink Midstream, LLC will post 0.59 earnings per share for the current fiscal year.
EnLink Midstream Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Friday, April 26th will be issued a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, April 25th. EnLink Midstream's payout ratio is 151.43%.
Analyst Ratings Changes A number of research analysts recently issued reports on ENLC shares. UBS Group increased their price objective on EnLink Midstream from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. StockNews.com cut shares of EnLink Midstream from a "buy" rating to a "hold" rating in a report on Wednesday. Capital One Financial initiated coverage on shares of EnLink Midstream in a research note on Friday, March 22nd. They issued an "overweight" rating and a $15.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on EnLink Midstream from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, February 29th. Finally, Citigroup upped their target price on EnLink Midstream from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.33.
Check Out Our Latest Research Report on EnLink Midstream
Insider Activity at EnLink Midstream In other EnLink Midstream news, CAO Jan Philipp Rossbach sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $12.32, for a total transaction of $616,000.00. Following the completion of the sale, the chief accounting officer now directly owns 58,410 shares in the company, valued at $719,611.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . In related news, CFO Benjamin D. Lamb sold 250,552 shares of the company's 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 transaction, the chief financial officer now directly owns 534,000 shares in the company, valued at $6,450,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, CAO Jan Philipp Rossbach sold 50,000 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $12.32, for a total transaction of $616,000.00. Following the completion of the sale, the chief accounting officer now directly owns 58,410 shares of the company's stock, valued at approximately $719,611.20. The disclosure for this sale can be found here . 0.84% of the stock is owned by company insiders.
About EnLink Midstream (
Free Report )
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.
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