FY2025 EPS Estimates for ENLC Raised by US Capital Advisors

EnLink Midstream, LLC (NYSE:ENLC) – Investment analysts at US Capital Advisors upped their FY2025 earnings estimates for EnLink Midstream in a research note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.88 per share for the year, up from their previous forecast of $0.85. US Capital Advisors has a “Hold” rating on the stock. The consensus estimate for EnLink Midstream’s current full-year earnings is $0.51 per share. US Capital Advisors also issued estimates for EnLink Midstream’s FY2026 earnings at $1.05 EPS.

EnLink Midstream (NYSE:ENLC) last posted its quarterly earnings results 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). The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.98 billion. EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus cut shares of EnLink Midstream from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a report on Friday, August 30th. Wells Fargo & Company cut shares of EnLink Midstream from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $15.00 in a research note on Friday, August 30th. UBS Group cut shares of EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Monday, September 30th. Morgan Stanley cut shares of EnLink Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research note on Monday, September 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Ten analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EnLink Midstream currently has a consensus rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Trading Down 0.4 %

NYSE ENLC opened at $15.85 on Thursday. EnLink Midstream has a 52-week low of $11.53 and a 52-week high of $16.40. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $7.24 billion, a P/E ratio of 75.48 and a beta of 2.41. The firm has a 50-day moving average price of $14.99 and a 200 day moving average price of $14.01.

Institutional Investors Weigh In On EnLink Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENLC. ORG Partners LLC purchased a new stake in EnLink Midstream during the 2nd quarter worth $28,000. Newbridge Financial Services Group Inc. purchased a new stake in EnLink Midstream during the 2nd quarter worth $56,000. Wilmington Savings Fund Society FSB purchased a new stake in EnLink Midstream during the 3rd quarter worth $98,000. First Horizon Advisors Inc. increased its position in shares of EnLink Midstream by 12.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 7,702 shares of the pipeline company’s stock worth $106,000 after purchasing an additional 853 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in shares of EnLink Midstream in the 3rd quarter worth about $107,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Insider Buying and Selling at EnLink Midstream

In other news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $14.90, for a total value of $2,985,077,219.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.84% of the stock is owned by company insiders.

EnLink Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were issued a $0.1325 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.34%. EnLink Midstream’s dividend payout ratio (DPR) is presently 252.38%.

About EnLink Midstream

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.