Barclays PLC restated their hold rating on shares of EnLink Midstream, LLC (NYSE:ENLC) in a report released on Friday, July 21st. Barclays PLC currently has a $19.00 price target on the pipeline company’s stock.
A number of other brokerages have also recently weighed in on ENLC. Credit Suisse Group boosted their price objective on shares of EnLink Midstream from $18.00 to $19.00 and gave the stock an underperform rating in a research note on Friday, April 7th. Guggenheim initiated coverage on shares of EnLink Midstream in a research note on Monday, April 17th. They set a neutral rating and a $18.00 target price for the company. Royal Bank Of Canada reiterated a hold rating and set a $21.00 target price on shares of EnLink Midstream in a research note on Friday, April 21st. Zacks Investment Research cut shares of EnLink Midstream from a hold rating to a strong sell rating in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded shares of EnLink Midstream from a sell rating to a hold rating in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. EnLink Midstream presently has an average rating of Hold and a consensus target price of $18.50.
EnLink Midstream (NYSE:ENLC) opened at 17.70 on Friday. The firm’s market capitalization is $3.20 billion. The firm’s 50-day moving average is $17.24 and its 200 day moving average is $18.25. EnLink Midstream has a one year low of $14.70 and a one year high of $20.45.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Friday, July 28th.
Large investors have recently made changes to their positions in the stock. LVW Advisors LLC raised its stake in shares of EnLink Midstream by 0.5% in the first quarter. LVW Advisors LLC now owns 51,725 shares of the pipeline company’s stock valued at $1,003,000 after buying an additional 250 shares during the period. Ameriprise Financial Inc. raised its stake in shares of EnLink Midstream by 3.1% in the first quarter. Ameriprise Financial Inc. now owns 13,742 shares of the pipeline company’s stock valued at $266,000 after buying an additional 412 shares during the period. Proficio Capital Partners LLC raised its stake in shares of EnLink Midstream by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 12,655 shares of the pipeline company’s stock valued at $228,000 after buying an additional 513 shares during the period. KCG Holdings Inc. raised its stake in shares of EnLink Midstream by 3.4% in the first quarter. KCG Holdings Inc. now owns 16,151 shares of the pipeline company’s stock valued at $313,000 after buying an additional 526 shares during the period. Finally, Signature Financial Management Inc. raised its stake in shares of EnLink Midstream by 2.5% in the second quarter. Signature Financial Management Inc. now owns 23,725 shares of the pipeline company’s stock valued at $418,000 after buying an additional 575 shares during the period. 33.07% of the stock is currently owned by hedge funds and other institutional investors.
EnLink Midstream Company Profile
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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