Parkwood LLC cut its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) by 62.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,228 shares of the pipeline company’s stock after selling 58,573 shares during the period. Parkwood LLC’s holdings in EnLink Midstream were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC lifted its position in EnLink Midstream by 0.6% during the second quarter. Chickasaw Capital Management LLC now owns 15,656,055 shares of the pipeline company’s stock valued at $275,547,000 after purchasing an additional 100,025 shares in the last quarter. Eagle Global Advisors LLC lifted its position in EnLink Midstream by 5.9% during the second quarter. Eagle Global Advisors LLC now owns 3,741,870 shares of the pipeline company’s stock valued at $65,857,000 after purchasing an additional 206,991 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in EnLink Midstream by 3.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,461,842 shares of the pipeline company’s stock valued at $60,928,000 after purchasing an additional 113,842 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in EnLink Midstream by 12.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,153,393 shares of the pipeline company’s stock valued at $37,899,000 after purchasing an additional 245,455 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in EnLink Midstream by 33.2% during the second quarter. Principal Financial Group Inc. now owns 2,101,858 shares of the pipeline company’s stock valued at $36,993,000 after purchasing an additional 523,482 shares in the last quarter. Institutional investors own 34.47% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub upgraded EnLink Midstream from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and set a $21.00 target price on shares of EnLink Midstream in a research report on Thursday, September 21st. Seaport Global Securities assumed coverage on EnLink Midstream in a research report on Tuesday, October 10th. They set a “neutral” rating and a $16.00 target price on the stock. Barclays PLC reiterated a “hold” rating and set a $19.00 target price on shares of EnLink Midstream in a research report on Friday, July 21st. Finally, Mitsubishi UFJ Financial Group upgraded EnLink Midstream from an “underweight” rating to a “neutral” rating and set a $19.00 target price on the stock in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.83.

EnLink Midstream, LLC (NYSE ENLC) traded up $0.27 during trading hours on Tuesday, reaching $16.25. The company’s stock had a trading volume of 107,810 shares, compared to its average volume of 466,301. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2,930.00, a PE ratio of 520.00 and a beta of 2.58. EnLink Midstream, LLC has a twelve month low of $14.95 and a twelve month high of $20.45.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.255 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.02 annualized dividend and a dividend yield of 6.28%. EnLink Midstream’s dividend payout ratio (DPR) is presently 3,400.00%.

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

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