Corient Private Wealth LLC Sells 11,000 Shares of EnLink Midstream, LLC (NYSE:ENLC)

Corient Private Wealth LLC reduced its position in EnLink Midstream, LLC (NYSE:ENLCFree Report) by 19.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,552 shares of the pipeline company’s stock after selling 11,000 shares during the quarter. Corient Private Wealth LLC’s holdings in EnLink Midstream were worth $566,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Jump Financial LLC bought a new stake in EnLink Midstream during the third quarter valued at approximately $369,000. Pathstone Family Office LLC lifted its position in EnLink Midstream by 103.4% during the third quarter. Pathstone Family Office LLC now owns 31,080 shares of the pipeline company’s stock valued at $380,000 after purchasing an additional 15,800 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its position in EnLink Midstream by 79.1% during the third quarter. Kayne Anderson Capital Advisors LP now owns 1,749,100 shares of the pipeline company’s stock valued at $21,374,000 after purchasing an additional 772,700 shares during the last quarter. UBS Group AG lifted its position in EnLink Midstream by 22.9% during the third quarter. UBS Group AG now owns 1,542,356 shares of the pipeline company’s stock valued at $18,848,000 after purchasing an additional 287,400 shares during the last quarter. Finally, Lee Financial Co lifted its position in EnLink Midstream by 2.2% during the third quarter. Lee Financial Co now owns 80,655 shares of the pipeline company’s stock valued at $986,000 after purchasing an additional 1,737 shares during the last quarter. 45.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ENLC. JPMorgan Chase & Co. dropped their target price on shares of EnLink Midstream from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. StockNews.com downgraded shares of EnLink Midstream from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Citigroup lifted their price target on shares of EnLink Midstream from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Capital One Financial initiated coverage on shares of EnLink Midstream in a research note on Friday, March 22nd. They set an “overweight” rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EnLink Midstream presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Get Our Latest Stock Analysis on ENLC

EnLink Midstream Stock Up 1.9 %

Shares of NYSE ENLC opened at $13.08 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.76. EnLink Midstream, LLC has a 52 week low of $9.52 and a 52 week high of $14.18. The firm’s fifty day moving average is $13.36 and its 200 day moving average is $12.80. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 37.37 and a beta of 2.36.

EnLink Midstream (NYSE:ENLCGet Free Report) last issued its earnings results on Tuesday, April 30th. The pipeline company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. EnLink Midstream had a net margin of 2.40% and a return on equity of 8.58%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.79 billion. On average, equities research analysts expect that EnLink Midstream, LLC will post 0.52 earnings per share for the current year.

EnLink Midstream Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, April 26th were paid a $0.132 dividend. This represents a $0.53 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, April 25th. EnLink Midstream’s payout ratio is 151.43%.

EnLink Midstream Company Profile

(Free Report)

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

See Also

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

Receive News & Ratings for EnLink Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnLink Midstream and related companies with MarketBeat.com's FREE daily email newsletter.