Jump Financial LLC Invests $369,000 in EnLink Midstream, LLC (NYSE:ENLC)

Jump Financial LLC acquired a new position in shares of EnLink Midstream, LLC (NYSE:ENLCFree Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 30,201 shares of the pipeline company’s stock, valued at approximately $369,000.

Several other institutional investors also recently bought and sold shares of ENLC. Raymond James & Associates lifted its holdings in shares of EnLink Midstream by 29.4% in the 1st quarter. Raymond James & Associates now owns 81,453 shares of the pipeline company’s stock valued at $786,000 after buying an additional 18,487 shares during the period. Cetera Advisor Networks LLC grew its position in shares of EnLink Midstream by 34.0% in the first quarter. Cetera Advisor Networks LLC now owns 33,916 shares of the pipeline company’s stock valued at $327,000 after purchasing an additional 8,600 shares in the last quarter. Great West Life Assurance Co. Can grew its position in EnLink Midstream by 16.2% in the first quarter. Great West Life Assurance Co. Can now owns 175,190 shares of the pipeline company’s stock worth $1,797,000 after acquiring an additional 24,361 shares during the period. Dimensional Fund Advisors LP grew its position in EnLink Midstream by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 11,225,310 shares of the pipeline company’s stock worth $108,324,000 after acquiring an additional 746,457 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in EnLink Midstream by 15.5% during the first quarter. Allianz Asset Management GmbH now owns 1,723,580 shares of the pipeline company’s stock worth $16,633,000 after purchasing an additional 231,880 shares in the last quarter. 44.80% of the stock is currently owned by hedge funds and other institutional investors.

EnLink Midstream Stock Up 1.4 %

Shares of NYSE ENLC opened at $12.00 on Tuesday. EnLink Midstream, LLC has a 12-month low of $8.45 and a 12-month high of $13.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.70. The stock has a market cap of $5.48 billion, a P/E ratio of 19.04 and a beta of 2.41. The business’s fifty day simple moving average is $12.23 and its 200-day simple moving average is $12.35.

EnLink Midstream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Monday, January 29th were issued a dividend of $0.1325 per share. The ex-dividend date was Friday, January 26th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.42%. This is a positive change from EnLink Midstream’s previous quarterly dividend of $0.13. EnLink Midstream’s dividend payout ratio (DPR) is currently 84.13%.

Analyst Upgrades and Downgrades

Separately, UBS Group upped their price target on EnLink Midstream from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Read Our Latest Stock Analysis on ENLC

EnLink Midstream Profile

(Free Report)

EnLink Midstream, LLC provides midstream energy services in the United States. It operates through five segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. The company 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.

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

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