EnLink Midstream, LLC (NYSE:ENLC) has been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.30.

Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of EnLink Midstream from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC reissued a “hold” rating and set a $19.00 target price on shares of EnLink Midstream in a research report on Friday, July 21st. Mitsubishi UFJ Financial Group raised shares of EnLink Midstream from an “underweight” rating to a “neutral” rating and set a $19.00 target price for the company in a research report on Friday. Guggenheim assumed coverage on shares of EnLink Midstream in a research report on Monday, April 17th. They set a “neutral” rating and a $18.00 target price for the company. Finally, Jefferies Group LLC raised shares of EnLink Midstream from an “underperform” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Wednesday, July 12th.

A number of hedge funds have recently modified their holdings of the stock. HITE Hedge Asset Management LLC purchased a new stake in shares of EnLink Midstream during the second quarter valued at about $454,000. Marshall Wace North America L.P. purchased a new stake in shares of EnLink Midstream during the second quarter valued at about $987,000. Ballentine Partners LLC increased its stake in shares of EnLink Midstream by 8.1% in the second quarter. Ballentine Partners LLC now owns 28,150 shares of the pipeline company’s stock valued at $504,000 after buying an additional 2,110 shares during the period. Bank of New York Mellon Corp increased its stake in shares of EnLink Midstream by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 79,353 shares of the pipeline company’s stock valued at $1,396,000 after buying an additional 6,238 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in shares of EnLink Midstream by 12.8% in the second quarter. Proficio Capital Partners LLC now owns 14,274 shares of the pipeline company’s stock valued at $253,000 after buying an additional 1,619 shares during the period. 33.48% of the stock is owned by institutional investors.

Shares of EnLink Midstream (NYSE ENLC) traded up 1.16% on Tuesday, hitting $17.45. 55,108 shares of the company were exchanged. The firm has a market cap of $3.15 billion, a P/E ratio of 528.79 and a beta of 2.58. The company has a 50-day moving average price of $17.24 and a 200 day moving average price of $18.25. EnLink Midstream has a 52-week low of $14.70 and a 52-week high of $20.45.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Friday, July 28th.

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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.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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