Shares of EnLink Midstream LLC (NYSE:ENLC) have been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.73.

Several research firms recently commented on ENLC. Guggenheim initiated coverage on shares of EnLink Midstream in a report on Monday, April 17th. They issued a “neutral” rating and a $18.00 price objective for the company. Royal Bank of Canada reissued a “hold” rating and issued a $21.00 price target on shares of EnLink Midstream in a report on Thursday, February 16th. Janney Montgomery Scott initiated coverage on shares of EnLink Midstream in a report on Friday, March 10th. They issued a “neutral” rating and a $21.00 price target for the company. Credit Suisse Group AG raised their price target on shares of EnLink Midstream from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Friday, April 7th. Finally, Zacks Investment Research downgraded shares of EnLink Midstream from a “buy” rating to a “hold” rating in a report on Thursday, January 26th.

Shares of EnLink Midstream (NYSE:ENLC) opened at 18.20 on Tuesday. The company’s market cap is $3.29 billion. The stock’s 50 day moving average price is $18.62 and its 200-day moving average price is $18.55. EnLink Midstream has a one year low of $14.39 and a one year high of $20.45.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Tuesday, May 2nd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend was Friday, April 28th. EnLink Midstream’s dividend payout ratio is currently -27.35%.

Hedge funds have recently bought and sold shares of the company. Keybank National Association OH increased its stake in EnLink Midstream by 3.9% in the fourth quarter. Keybank National Association OH now owns 23,190 shares of the pipeline company’s stock worth $442,000 after buying an additional 870 shares in the last quarter. LVW Advisors LLC increased its stake in EnLink Midstream by 1.1% in the fourth quarter. LVW Advisors LLC now owns 51,475 shares of the pipeline company’s stock worth $981,000 after buying an additional 575 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in EnLink Midstream by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,884,476 shares of the pipeline company’s stock worth $35,900,000 after buying an additional 276,379 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in EnLink Midstream by 33.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,224 shares of the pipeline company’s stock worth $2,252,000 after buying an additional 29,909 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in EnLink Midstream by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,283 shares of the pipeline company’s stock worth $672,000 after buying an additional 3,394 shares in the last quarter. 29.97% of the stock is owned by institutional investors.

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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.

12 Month Chart for NYSE:ENLC

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