Fort Washington Investment Advisors Inc. OH Makes New $2.05 Million Investment in EnLink Midstream, LLC (NYSE:ENLC)

Fort Washington Investment Advisors Inc. OH bought a new position in EnLink Midstream, LLC (NYSE:ENLC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 145,070 shares of the pipeline company’s stock, valued at approximately $2,053,000.

A number of other institutional investors also recently modified their holdings of ENLC. Newbridge Financial Services Group Inc. bought a new stake in shares of EnLink Midstream during the second quarter worth approximately $56,000. Wilmington Savings Fund Society FSB bought a new stake in shares of EnLink Midstream during the third quarter worth approximately $98,000. Icon Wealth Advisors LLC bought a new stake in shares of EnLink Midstream during the third quarter worth approximately $107,000. Sunbelt Securities Inc. raised its stake in shares of EnLink Midstream by 21.9% during the second 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, Inscription Capital LLC bought a new stake in shares of EnLink Midstream during the third quarter worth approximately $154,000. 45.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ENLC. UBS Group downgraded shares of EnLink Midstream from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Monday, September 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. StockNews.com initiated coverage on shares of EnLink Midstream in a research note on Thursday. They issued a “hold” rating for the company. Mizuho reaffirmed a “neutral” rating and issued a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, October 31st. Finally, 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. Eleven 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 stock. According to data from MarketBeat, EnLink Midstream has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Stock Down 1.2 %

Shares of ENLC stock opened at $14.79 on Friday. The firm has a fifty day moving average of $14.90 and a 200-day moving average of $14.41. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream, LLC has a 12-month low of $11.55 and a 12-month high of $16.40. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 70.41 and a beta of 2.43.

EnLink Midstream (NYSE:ENLC) last issued 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 company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company earned $0.10 EPS. The firm’s revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts predict that EnLink Midstream, LLC will post 0.46 earnings per share for the current fiscal year.

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.