EnLink Midstream, LLC (NYSE:ENLC) Stock Holdings Boosted by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 22.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,245,529 shares of the pipeline company’s stock after purchasing an additional 416,424 shares during the quarter. Westwood Holdings Group Inc. owned 0.50% of EnLink Midstream worth $30,629,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hennessy Advisors Inc. grew its holdings in EnLink Midstream by 1,614.2% during the fourth quarter. Hennessy Advisors Inc. now owns 1,868,500 shares of the pipeline company’s stock worth $22,721,000 after acquiring an additional 1,759,500 shares during the period. Wells Fargo & Company MN raised its holdings in shares of EnLink Midstream by 56.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,034,809 shares of the pipeline company’s stock worth $12,583,000 after purchasing an additional 373,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in EnLink Midstream by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,736,175 shares of the pipeline company’s stock valued at $81,911,000 after purchasing an additional 342,204 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in EnLink Midstream by 240.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 372,500 shares of the pipeline company’s stock worth $4,530,000 after buying an additional 263,100 shares in the last quarter. Finally, TCG Advisory Services LLC acquired a new position in EnLink Midstream in the fourth quarter worth approximately $2,991,000. Institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Down 3.5 %

NYSE:ENLC traded down $0.47 during trading hours on Friday, hitting $12.99. 2,382,522 shares of the company’s stock traded hands, compared to its average volume of 1,762,978. The stock’s fifty day moving average price is $13.46 and its two-hundred day moving average price is $13.08. The firm has a market cap of $5.86 billion, a P/E ratio of 37.13 and a beta of 2.43. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.78 and a current ratio of 0.78. EnLink Midstream, LLC has a twelve month low of $11.44 and a twelve month high of $14.38.

EnLink Midstream (NYSE:ENLC) last released its earnings results on Tuesday, April 30th. The pipeline company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.79 billion. EnLink Midstream had a return on equity of 8.58% and a net margin of 2.40%. On average, research analysts expect that EnLink Midstream, LLC will post 0.65 earnings per share for the current fiscal year.

EnLink Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Friday, August 2nd will be given a dividend of $0.1325 per share. The ex-dividend date of this dividend is Friday, August 2nd. This is an increase from EnLink Midstream’s previous quarterly dividend of $0.13. This represents a $0.53 dividend on an annualized basis and a yield of 4.08%. EnLink Midstream’s payout ratio is presently 151.43%.

Analysts Set New Price Targets

ENLC has been the subject of several research reports. StockNews.com raised EnLink Midstream from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company upgraded EnLink Midstream from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $13.00 to $17.00 in a research report on Monday, July 8th. JPMorgan Chase & Co. boosted their price objective on EnLink Midstream from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Citigroup raised their target price on shares of EnLink Midstream from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, EnLink Midstream has a consensus rating of “Moderate Buy” and an average price target of $15.33.

EnLink Midstream 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.