HRT Financial LP Has $3.15 Million Position in EnLink Midstream, LLC (NYSE:ENLC)

HRT Financial LP grew its stake in shares of EnLink Midstream, LLC (NYSE:ENLC – Get Rating) by 1,942.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 256,242 shares of the pipeline company’s stock after buying an additional 243,695 shares during the period. HRT Financial LP owned approximately 0.05% of EnLink Midstream worth $3,151,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ENLC. Advisor Group Holdings Inc. raised its position in EnLink Midstream by 91.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 31,270 shares of the pipeline company’s stock worth $385,000 after purchasing an additional 14,904 shares in the last quarter. First Trust Advisors LP raised its position in EnLink Midstream by 30.5% in the fourth quarter. First Trust Advisors LP now owns 260,507 shares of the pipeline company’s stock worth $3,204,000 after purchasing an additional 60,872 shares in the last quarter. HighTower Advisors LLC raised its position in EnLink Midstream by 2.4% in the fourth quarter. HighTower Advisors LLC now owns 35,852 shares of the pipeline company’s stock worth $442,000 after purchasing an additional 846 shares in the last quarter. Raymond James & Associates raised its position in EnLink Midstream by 86.2% in the fourth quarter. Raymond James & Associates now owns 189,459 shares of the pipeline company’s stock worth $2,330,000 after purchasing an additional 87,725 shares in the last quarter. Finally, Donoghue Forlines LLC raised its position in EnLink Midstream by 69.5% in the fourth quarter. Donoghue Forlines LLC now owns 43,994 shares of the pipeline company’s stock worth $541,000 after purchasing an additional 18,042 shares in the last quarter. Institutional investors and hedge funds own 44.37% of the company’s stock.

EnLink Midstream Price Performance

ENLC opened at $9.78 on Friday. EnLink Midstream, LLC has a one year low of $7.77 and a one year high of $13.58. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50 day simple moving average is $9.97 and its 200-day simple moving average is $11.40. The stock has a market capitalization of $4.56 billion, a P/E ratio of 12.38 and a beta of 2.55.

EnLink Midstream (NYSE:ENLC – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. EnLink Midstream had a net margin of 4.23% and a return on equity of 13.48%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Sell-side analysts anticipate that EnLink Midstream, LLC will post 0.53 earnings per share for the current fiscal year.

EnLink Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, April 28th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, April 27th. This represents a $0.50 annualized dividend and a dividend yield of 5.11%. EnLink Midstream’s dividend payout ratio (DPR) is currently 63.29%.

Analyst Upgrades and Downgrades

ENLC has been the subject of several recent research reports. StockNews.com initiated coverage on shares of EnLink Midstream in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Raymond James dropped their price target on shares of EnLink Midstream from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, February 16th. Morgan Stanley decreased their price objective on shares of EnLink Midstream from $18.00 to $17.00 in a research note on Tuesday, April 25th. Stifel Nicolaus decreased their price objective on shares of EnLink Midstream from $14.50 to $14.00 in a research note on Thursday, May 4th. Finally, Citigroup raised shares of EnLink Midstream from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, March 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, EnLink Midstream has a consensus rating of “Moderate Buy” and a consensus target price of $14.33.

EnLink Midstream Profile

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EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas.