BidaskClub upgraded shares of EnLink Midstream, LLC (NYSE:ENLC) from a strong sell rating to a sell rating in a report published on Friday morning.

Several other analysts have also commented on the company. Zacks Investment Research raised EnLink Midstream from a strong sell rating to a hold rating in a report on Monday, August 7th. Mitsubishi UFJ Financial Group raised EnLink Midstream from an underweight rating to a neutral rating and set a $19.00 price target for the company in a report on Friday, August 4th. Citigroup Inc. raised EnLink Midstream to a neutral rating and set a $19.00 price target for the company in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a hold rating and set a $21.00 price target on shares of EnLink Midstream in a report on Monday, July 31st. Finally, Barclays PLC reissued a hold rating and set a $19.00 price target on shares of EnLink Midstream in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $18.55.

Shares of EnLink Midstream (ENLC) opened at 16.85 on Friday. The firm’s 50-day moving average price is $17.25 and its 200 day moving average price is $18.03. The firm has a market cap of $3.04 billion, a P/E ratio of 4212.50 and a beta of 2.58. EnLink Midstream has a one year low of $14.70 and a one year high of $20.45.

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The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Friday, July 28th.

Several institutional investors have recently added to or reduced their stakes in ENLC. Blair William & Co. IL raised its position in EnLink Midstream by 7.4% in the first quarter. Blair William & Co. IL now owns 29,930 shares of the pipeline company’s stock worth $575,000 after buying an additional 2,060 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in EnLink Midstream by 2.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 36,103 shares of the pipeline company’s stock worth $700,000 after buying an additional 820 shares during the period. Infrastructure Capital Advisors LLC raised its position in EnLink Midstream by 99.4% in the first quarter. Infrastructure Capital Advisors LLC now owns 200,949 shares of the pipeline company’s stock worth $3,898,000 after buying an additional 100,181 shares during the period. Keybank National Association OH raised its position in EnLink Midstream by 8.4% in the first quarter. Keybank National Association OH now owns 25,130 shares of the pipeline company’s stock worth $488,000 after buying an additional 1,940 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in EnLink Midstream by 26.1% in the first quarter. Catalyst Capital Advisors LLC now owns 713,451 shares of the pipeline company’s stock worth $13,841,000 after buying an additional 147,646 shares during the period. 34.79% of the stock is owned by hedge funds and other institutional investors.

EnLink Midstream Company 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.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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