NBW Capital LLC Buys 59,122 Shares of EnLink Midstream, LLC (NYSE:ENLC)

NBW Capital LLC increased its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) by 5.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,098,404 shares of the pipeline company’s stock after acquiring an additional 59,122 shares during the period. EnLink Midstream makes up approximately 3.1% of NBW Capital LLC’s holdings, making the stock its 4th largest holding. NBW Capital LLC owned about 0.24% of EnLink Midstream worth $14,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ENLC. Sunbelt Securities Inc. raised its position in shares of EnLink Midstream by 24.2% in the 1st quarter. Sunbelt Securities Inc. now owns 6,885 shares of the pipeline company’s stock valued at $94,000 after purchasing an additional 1,343 shares in the last quarter. Cetera Advisors LLC raised its position in shares of EnLink Midstream by 14.9% in the 1st quarter. Cetera Advisors LLC now owns 15,589 shares of the pipeline company’s stock valued at $213,000 after purchasing an additional 2,025 shares in the last quarter. Comerica Bank raised its position in shares of EnLink Midstream by 16.2% in the 1st quarter. Comerica Bank now owns 14,793 shares of the pipeline company’s stock valued at $202,000 after purchasing an additional 2,063 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of EnLink Midstream in the 4th quarter valued at approximately $27,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of EnLink Midstream by 15.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,461 shares of the pipeline company’s stock valued at $200,000 after purchasing an additional 2,217 shares in the last quarter. 45.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup upped their target price on EnLink Midstream from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. StockNews.com upgraded EnLink Midstream from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Wells Fargo & Company upgraded EnLink Midstream from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $13.00 to $17.00 in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. boosted their price target on EnLink Midstream from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, EnLink Midstream currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.33.

EnLink Midstream Trading Down 3.5 %

Shares of NYSE ENLC traded down $0.47 during mid-day trading on Friday, hitting $12.99. 2,382,522 shares of the company traded hands, compared to its average volume of 1,762,978. EnLink Midstream, LLC has a 1 year low of $11.44 and a 1 year high of $14.38. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 37.12 and a beta of 2.43. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.76. The business has a 50 day moving average of $13.46 and a two-hundred day moving average of $13.09.

EnLink Midstream (NYSE:ENLC) last announced its earnings results on Tuesday, April 30th. The pipeline company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. EnLink Midstream had a return on equity of 8.58% and a net margin of 2.40%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.79 billion. On average, sell-side analysts anticipate that EnLink Midstream, LLC will post 0.65 earnings per share for the current fiscal year.

EnLink Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Friday, August 2nd will be given a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a yield of 4.08%. This is a positive change from EnLink Midstream’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, August 2nd. EnLink Midstream’s payout ratio is presently 151.43%.

EnLink Midstream Company 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.