EnLink Midstream, LLC (NYSE:ENLC) Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,320,292 shares of the pipeline company’s stock after buying an additional 33,025 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.51% of EnLink Midstream worth $32,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of EnLink Midstream by 100.8% in the third 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 during the last quarter. Segment Wealth Management LLC raised its position in shares of EnLink Midstream by 44.8% in the 4th quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after buying an additional 64,512 shares during the period. Walleye Capital LLC grew its position in EnLink Midstream by 1,829.6% during the third quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after acquiring an additional 267,619 shares during the period. Wellington Management Group LLP increased 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 worth $5,834,000 after acquiring an additional 292,833 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of EnLink Midstream by 26.7% in the 4th quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after purchasing an additional 26,937 shares during the period. 45.87% of the stock is currently owned by hedge funds and other institutional investors.

EnLink Midstream Stock Performance

Shares of ENLC opened at $14.56 on Friday. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The firm has a fifty day moving average of $14.61 and a 200-day moving average of $14.44. EnLink Midstream, LLC has a 1 year low of $11.55 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

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

Wall Street Analyst Weigh In

ENLC has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. Mizuho reaffirmed a “neutral” rating and set a $15.00 price target on shares of EnLink Midstream in a research report on Thursday, October 31st. Raymond James lowered EnLink Midstream from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. StockNews.com began coverage on EnLink Midstream in a research note on Saturday. They issued a “hold” rating for the company. Finally, US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.