First Dallas Securities Inc. Sells 1,642 Shares of EnLink Midstream, LLC (NYSE:ENLC)

First Dallas Securities Inc. cut its stake in EnLink Midstream, LLC (NYSE:ENLC) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,731 shares of the pipeline company’s stock after selling 1,642 shares during the quarter. First Dallas Securities Inc.’s holdings in EnLink Midstream were worth $1,043,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Sei Investments Co. bought a new stake in EnLink Midstream during the second quarter valued at approximately $363,000. Millennium Management LLC grew its position in EnLink Midstream by 1,433.6% during the second quarter. Millennium Management LLC now owns 497,846 shares of the pipeline company’s stock valued at $6,850,000 after buying an additional 465,383 shares during the period. Algert Global LLC bought a new stake in EnLink Midstream during the second quarter valued at approximately $425,000. Sanctuary Advisors LLC bought a new stake in EnLink Midstream during the second quarter valued at approximately $384,000. Finally, SL Advisors LLC grew its position in EnLink Midstream by 3.0% during the third quarter. SL Advisors LLC now owns 67,260 shares of the pipeline company’s stock valued at $976,000 after buying an additional 1,985 shares during the period. 45.87% of the stock is currently owned by institutional investors.

EnLink Midstream Trading Up 2.9 %

Shares of ENLC stock opened at $14.56 on Tuesday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The stock has a fifty day moving average of $14.74 and a two-hundred day moving average of $14.43. EnLink Midstream, LLC has a 1 year low of $11.55 and a 1 year high of $16.40.

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

Analyst Ratings Changes

ENLC has been the topic of several research analyst reports. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Mizuho restated a “neutral” rating and issued a $15.00 price target on shares of EnLink Midstream in a report on Thursday, October 31st. StockNews.com initiated coverage on shares of EnLink Midstream in a research note on Friday. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EnLink Midstream currently has a consensus rating of “Hold” and an average price target of $15.40.

About EnLink Midstream

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.