EnLink Midstream, LLC (NYSE:ENLC) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. increased its stake in EnLink Midstream, LLC (NYSE:ENLC) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,522 shares of the pipeline company’s stock after buying an additional 3,313 shares during the quarter. Hodges Capital Management Inc.’s holdings in EnLink Midstream were worth $1,960,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. purchased a new position in EnLink Midstream in the 2nd quarter valued at about $363,000. Millennium Management LLC boosted its stake in EnLink Midstream by 1,433.6% during the 2nd quarter. Millennium Management LLC now owns 497,846 shares of the pipeline company’s stock valued at $6,850,000 after acquiring an additional 465,383 shares during the last quarter. Algert Global LLC bought a new position in shares of EnLink Midstream during the second quarter worth about $425,000. Sanctuary Advisors LLC bought a new position in EnLink Midstream during the 2nd quarter worth approximately $384,000. Finally, SL Advisors LLC boosted its holdings in EnLink Midstream by 3.0% in the third quarter. SL Advisors LLC now owns 67,260 shares of the pipeline company’s stock worth $976,000 after purchasing an additional 1,985 shares during the period. 45.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENLC has been the subject of a number of research reports. StockNews.com initiated coverage on EnLink Midstream in a research note on Friday. They issued a “hold” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Mizuho reiterated a “neutral” rating and issued a $15.00 price target on shares of EnLink Midstream in a research report on Thursday, October 31st. US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Raymond James lowered shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.40.

EnLink Midstream Stock Up 2.9 %

EnLink Midstream stock opened at $14.56 on Tuesday. The firm’s 50 day moving average price is $14.74 and its two-hundred day moving average price is $14.43. The firm has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream, LLC has a twelve month low of $11.55 and a twelve month high of $16.40. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

EnLink Midstream (NYSE:ENLC) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.16). EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. EnLink Midstream’s revenue was down 7.9% on a year-over-year basis. On average, research analysts predict that EnLink Midstream, LLC will post 0.46 EPS for the current fiscal year.

EnLink Midstream Company Profile

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.