EnLink Midstream, LLC (NYSE:ENLC) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its holdings in shares of EnLink Midstream, LLC (NYSE:ENLC) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 530,252 shares of the pipeline company’s stock after acquiring an additional 1,192 shares during the quarter. Exchange Traded Concepts LLC owned 0.12% of EnLink Midstream worth $7,503,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Van ECK Associates Corp grew its holdings in EnLink Midstream by 100.8% during the 3rd quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock worth $1,883,000 after acquiring an additional 63,997 shares in the last quarter. Segment Wealth Management LLC grew its stake in EnLink Midstream by 44.8% in the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after purchasing an additional 64,512 shares in the last quarter. Walleye Capital LLC increased its holdings in EnLink Midstream by 1,829.6% in the third quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after buying an additional 267,619 shares during the last quarter. Wellington Management Group LLP raised its stake in EnLink Midstream by 268.0% during the third quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock valued at $5,834,000 after buying an additional 292,833 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in EnLink Midstream by 120.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company’s stock worth $30,348,000 after buying an additional 1,141,254 shares during the last quarter. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Stock Down 0.4 %

ENLC opened at $14.72 on Friday. The stock’s 50 day moving average price is $14.89 and its 200 day moving average price is $14.41. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $6.73 billion, a P/E ratio of 70.07 and a beta of 2.43. EnLink Midstream, LLC has a 12 month low of $11.55 and a 12 month high of $16.40.

EnLink Midstream (NYSE:ENLC) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.16). The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.98 billion. EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. EnLink Midstream’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, research analysts predict that EnLink Midstream, LLC will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. UBS Group lowered shares of EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Monday, September 30th. Finally, StockNews.com started coverage on EnLink Midstream in a research note on Thursday. They issued a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream 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.