EnLink Midstream, LLC (NYSE:ENLC) Stock Holdings Increased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY raised its holdings in shares of EnLink Midstream, LLC (NYSE:ENLC) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,320,292 shares of the pipeline company’s stock after purchasing an additional 33,025 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in EnLink Midstream were worth $32,832,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of EnLink Midstream in the third quarter worth approximately $98,000. Icon Wealth Advisors LLC purchased a new position in EnLink Midstream during the 3rd quarter worth approximately $107,000. SG Americas Securities LLC acquired a new stake in EnLink Midstream during the 4th quarter valued at $114,000. Inscription Capital LLC acquired a new stake in EnLink Midstream during the 3rd quarter valued at $154,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of EnLink Midstream in the third quarter worth $174,000. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Trading Up 2.9 %

Shares of ENLC stock opened at $14.56 on Friday. 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 1 year low of $11.55 and a 1 year high of $16.40. The firm’s fifty day simple moving average is $14.61 and its 200 day simple moving average is $14.44. The firm has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

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

Wall Street Analyst Weigh In

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