EnLink Midstream, LLC (NYSE:ENLC) Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC increased its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) by 44.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 208,381 shares of the pipeline company’s stock after acquiring an additional 64,512 shares during the period. Segment Wealth Management LLC’s holdings in EnLink Midstream were worth $2,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new position in shares of EnLink Midstream in the second quarter valued at $56,000. Wilmington Savings Fund Society FSB acquired a new position in shares of EnLink Midstream in the third quarter worth about $98,000. Icon Wealth Advisors LLC purchased a new position in EnLink Midstream in the third quarter valued at about $107,000. Sunbelt Securities Inc. increased its holdings in EnLink Midstream by 21.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company’s stock worth $116,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Inscription Capital LLC acquired a new position in shares of EnLink Midstream in the 3rd quarter valued at approximately $154,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Raymond James lowered shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. US Capital Advisors lowered EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. StockNews.com started coverage on EnLink Midstream in a report on Wednesday, January 15th. They set a “hold” rating on the stock. UBS Group lowered EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Monday, September 30th. Finally, Mizuho reiterated a “neutral” rating and set a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EnLink Midstream has a consensus rating of “Hold” and an average price target of $15.40.

EnLink Midstream Price Performance

Shares of NYSE:ENLC opened at $15.37 on Tuesday. The firm’s 50 day moving average is $14.91 and its two-hundred day moving average is $14.38. The firm has a market capitalization of $7.02 billion, a P/E ratio of 73.17 and a beta of 2.43. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream, LLC has a 52 week low of $11.53 and a 52 week high of $16.40.

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

About EnLink Midstream

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.