EnLink Midstream, LLC (NYSE:ENLC – Free Report) – US Capital Advisors raised their Q3 2024 earnings per share (EPS) estimates for EnLink Midstream in a report issued on Monday, October 28th. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for EnLink Midstream’s current full-year earnings is $0.58 per share. US Capital Advisors also issued estimates for EnLink Midstream’s Q4 2025 earnings at $0.26 EPS.
EnLink Midstream (NYSE:ENLC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.90 billion. EnLink Midstream had a net margin of 2.15% and a return on equity of 8.22%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share.
View Our Latest Report on ENLC
EnLink Midstream Stock Up 0.4 %
Shares of NYSE:ENLC opened at $14.90 on Wednesday. EnLink Midstream has a 1-year low of $11.53 and a 1-year high of $14.94. The company’s fifty day moving average is $14.44 and its two-hundred day moving average is $13.72. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 49.67 and a beta of 2.40.
Institutional Investors Weigh In On EnLink Midstream
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENLC. ORG Partners LLC bought a new position in shares of EnLink Midstream in the 2nd quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. bought a new stake in shares of EnLink Midstream in the second quarter valued at approximately $56,000. SG Americas Securities LLC acquired a new stake in shares of EnLink Midstream in the first quarter worth $105,000. First Horizon Advisors Inc. raised its stake in EnLink Midstream by 12.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 7,702 shares of the pipeline company’s stock valued at $106,000 after purchasing an additional 853 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in EnLink Midstream by 21.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 8,396 shares of the pipeline company’s stock valued at $116,000 after purchasing an additional 1,511 shares during the period. Hedge funds and other institutional investors own 45.87% of the company’s stock.
Insider Buying and Selling
In related news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by company insiders.
EnLink Midstream Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be given a $0.1325 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.56%. EnLink Midstream’s dividend payout ratio (DPR) is 176.67%.
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.
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