Today, EnLink Midstream LLC (ENLC) Receives Consensus Recommendation of “Hold” from Brokerages

Today, EnLink Midstream LLC (ENLC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of EnLink Midstream LLC (NYSE:ENLC) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.82.

Several research firms have recently issued reports on ENLC. Credit Suisse Group AG cut shares of EnLink Midstream from a “neutral” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research report on Tuesday, September 13th. Zacks Investment Research cut shares of EnLink Midstream from a “hold” rating to a “sell” rating in a research report on Friday. RBC Capital Markets restated a “sector perform” rating and issued a $19.00 price target (up previously from $14.00) on shares of EnLink Midstream in a research report on Sunday, September 4th. Royal Bank Of Canada boosted their price target on shares of EnLink Midstream from $14.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Friday, September 2nd. Finally, Wunderlich boosted their price target on shares of EnLink Midstream from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, August 31st.

Shares of EnLink Midstream (NYSE:ENLC) traded down 2.355% on Monday, reaching $17.625. 122,194 shares of the company’s stock traded hands. The firm’s market cap is $3.17 billion. The stock has a 50-day moving average of $16.41 and a 200 day moving average of $16.04. EnLink Midstream has a 12-month low of $6.41 and a 12-month high of $18.75.

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Thursday, October 27th. EnLink Midstream’s dividend payout ratio is currently -27.35%.

Several hedge funds have recently modified their holdings of the stock. Chickasaw Capital Management LLC raised its stake in shares of EnLink Midstream by 3.5% in the third quarter. Chickasaw Capital Management LLC now owns 15,187,625 shares of the company’s stock worth $254,393,000 after buying an additional 507,965 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in EnLink Midstream by 10.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,731,629 shares of the company’s stock worth $43,460,000 after buying an additional 266,469 shares during the period. Lubar & Co. Inc raised its stake in EnLink Midstream by 76.2% in the third quarter. Lubar & Co. Inc now owns 1,884,440 shares of the company’s stock worth $31,564,000 after buying an additional 814,998 shares during the period. JPMorgan Chase & Co. raised its stake in EnLink Midstream by 61.6% in the second quarter. JPMorgan Chase & Co. now owns 1,483,464 shares of the company’s stock worth $23,602,000 after buying an additional 565,487 shares during the period. Finally, Principal Financial Group Inc. raised its stake in EnLink Midstream by 19.7% in the third quarter. Principal Financial Group Inc. now owns 1,414,482 shares of the company’s stock worth $23,693,000 after buying an additional 232,937 shares during the period. 28.83% of the stock is owned by hedge funds and other institutional investors.

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