Sanctuary Advisors LLC Has $473,000 Stake in EnLink Midstream, LLC (NYSE:ENLC)

Sanctuary Advisors LLC grew its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,031 shares of the pipeline company’s stock after purchasing an additional 2,362 shares during the quarter. Sanctuary Advisors LLC’s holdings in EnLink Midstream were worth $473,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. First Dallas Securities Inc. raised its stake in EnLink Midstream by 0.6% during the second quarter. First Dallas Securities Inc. now owns 158,598 shares of the pipeline company’s stock worth $2,182,000 after buying an additional 960 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of EnLink Midstream by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,861 shares of the pipeline company’s stock worth $191,000 after acquiring an additional 1,151 shares during the last quarter. Citigroup Inc. lifted its stake in EnLink Midstream by 0.6% during the 3rd quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock valued at $3,885,000 after acquiring an additional 1,473 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of EnLink Midstream by 21.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company’s stock worth $116,000 after buying an additional 1,511 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in EnLink Midstream by 13.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,090 shares of the pipeline company’s stock valued at $233,000 after buying an additional 1,958 shares during the period. 45.87% of the stock is currently owned by institutional investors and hedge funds.

EnLink Midstream Trading Down 1.0 %

Shares of EnLink Midstream stock opened at $14.27 on Friday. The company’s fifty day simple moving average is $15.03 and its 200-day simple moving average is $14.24. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. EnLink Midstream, LLC has a 1-year low of $11.53 and a 1-year high of $16.40. The stock has a market capitalization of $6.52 billion, a PE ratio of 67.95 and a beta of 2.44.

EnLink Midstream (NYSE:ENLC) last released its quarterly earnings data on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.16). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.98 billion. EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The business’s revenue was down 7.9% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, equities analysts anticipate that EnLink Midstream, LLC will post 0.51 earnings per share for the current year.

EnLink Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were given a dividend of $0.1325 per share. 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 3.71%. EnLink Midstream’s payout ratio is 252.38%.

Analyst Ratings Changes

Several research firms have recently weighed in on ENLC. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus lowered EnLink Midstream from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research note on Friday, August 30th. Wells Fargo & Company lowered EnLink Midstream from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $16.00 to $15.00 in a research report on Friday, August 30th. StockNews.com initiated coverage on EnLink Midstream in a research note on Sunday, December 22nd. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. Eleven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EnLink Midstream has an average rating of “Hold” and an average price target of $15.40.

Insiders Place Their Bets

In other EnLink Midstream news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $14.90, for a total transaction of $2,985,077,219.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company’s stock.

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.