Gen IV Investment Opportunities LLC grew its holdings in shares of EnLink Midstream, LLC (NYSE:ENLC) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,661,314 shares of the pipeline company’s stock after buying an additional 14,000 shares during the quarter. EnLink Midstream accounts for about 10.7% of Gen IV Investment Opportunities LLC’s holdings, making the stock its 5th biggest position. Gen IV Investment Opportunities LLC owned approximately 0.92% of EnLink Midstream worth $28,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ENLC. The Manufacturers Life Insurance Company grew its holdings in shares of EnLink Midstream by 11.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock valued at $100,000 after buying an additional 599 shares during the last quarter. Linscomb & Williams Inc. bought a new position in shares of EnLink Midstream during the third quarter valued at about $150,000. WFG Advisors LP lifted its position in shares of EnLink Midstream by 11.5% during the second quarter. WFG Advisors LP now owns 9,201 shares of the pipeline company’s stock valued at $162,000 after purchasing an additional 950 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of EnLink Midstream during the second quarter valued at about $178,000. Finally, Nationwide Fund Advisors lifted its position in shares of EnLink Midstream by 397.6% during the third quarter. Nationwide Fund Advisors now owns 12,013 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 9,599 shares in the last quarter. Hedge funds and other institutional investors own 34.09% of the company’s stock.

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $21.00 price target on shares of EnLink Midstream and gave the company a “hold” rating in a research report on Friday, November 17th. Goldman Sachs Group raised shares of EnLink Midstream from a “sell” rating to a “neutral” rating in a research report on Friday, November 17th. BidaskClub raised shares of EnLink Midstream from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Citigroup dropped their price target on shares of EnLink Midstream from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of EnLink Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. EnLink Midstream currently has an average rating of “Hold” and an average price target of $18.83.

Shares of EnLink Midstream, LLC (NYSE ENLC) opened at $16.50 on Monday. The company has a market cap of $2,979.72, a PE ratio of 550.00 and a beta of 2.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.85 and a quick ratio of 0.85. EnLink Midstream, LLC has a 12-month low of $15.00 and a 12-month high of $20.45.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. EnLink Midstream had a return on equity of 0.15% and a net margin of 0.12%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. equities analysts forecast that EnLink Midstream, LLC will post 0.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.18%. The ex-dividend date was Tuesday, October 31st. EnLink Midstream’s dividend payout ratio is 3,401.13%.

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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.

Institutional Ownership by Quarter for EnLink Midstream (NYSE:ENLC)

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