Hodges Capital Management Inc. lessened its stake in EnLink Midstream, LLC (NYSE:ENLC) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 244,941 shares of the pipeline company’s stock after selling 9,622 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.14% of EnLink Midstream worth $4,225,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in EnLink Midstream by 33.2% during the 2nd quarter. Principal Financial Group Inc. now owns 2,101,858 shares of the pipeline company’s stock valued at $36,993,000 after acquiring an additional 523,482 shares during the period. Morgan Stanley grew its position in shares of EnLink Midstream by 66.7% during the 1st quarter. Morgan Stanley now owns 657,043 shares of the pipeline company’s stock valued at $12,747,000 after purchasing an additional 262,855 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of EnLink Midstream by 12.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,153,393 shares of the pipeline company’s stock valued at $37,899,000 after purchasing an additional 245,455 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of EnLink Midstream by 142.8% during the 2nd quarter. Lazard Asset Management LLC now owns 400,652 shares of the pipeline company’s stock valued at $7,051,000 after purchasing an additional 235,609 shares in the last quarter. Finally, Eagle Global Advisors LLC grew its position in shares of EnLink Midstream by 5.9% during the 2nd quarter. Eagle Global Advisors LLC now owns 3,741,870 shares of the pipeline company’s stock valued at $65,857,000 after purchasing an additional 206,991 shares in the last quarter. 34.47% of the stock is currently owned by institutional investors.

EnLink Midstream, LLC (NYSE ENLC) traded up $0.05 during trading on Wednesday, reaching $16.45. 143,123 shares of the company’s stock traded hands, compared to its average volume of 476,824. The company has a market capitalization of $2,889.18, a P/E ratio of 533.33 and a beta of 2.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.85 and a quick ratio of 0.85. EnLink Midstream, LLC has a 1-year low of $14.95 and a 1-year high of $20.45.

EnLink Midstream (NYSE:ENLC) last posted its quarterly earnings data on Tuesday, October 31st. The pipeline company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.11). EnLink Midstream had a return on equity of 0.15% and a net margin of 0.12%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. EnLink Midstream’s revenue was up 26.6% on a year-over-year basis. analysts predict that EnLink Midstream, LLC will post 0.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 1st will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Tuesday, October 31st. EnLink Midstream’s dividend payout ratio (DPR) is presently 3,401.13%.

ENLC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, October 17th. BidaskClub lowered shares of EnLink Midstream from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 7th. Seaport Global Securities initiated coverage on shares of EnLink Midstream in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $16.00 target price for the company. ValuEngine lowered shares of EnLink Midstream from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, UBS AG upgraded shares of EnLink Midstream from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. EnLink Midstream has a consensus rating of “Hold” and a consensus target price of $18.83.

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EnLink Midstream 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.

Institutional Ownership by Quarter for EnLink Midstream (NYSE:ENLC)

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