Fort Washington Investment Advisors Inc. OH Buys 23,700 Shares of EnLink Midstream, LLC (NYSE:ENLC)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of EnLink Midstream, LLC (NYSE:ENLC) by 86.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,000 shares of the pipeline company’s stock after buying an additional 23,700 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in EnLink Midstream were worth $620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENLC. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of EnLink Midstream by 15.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,461 shares of the pipeline company’s stock worth $200,000 after acquiring an additional 2,217 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of EnLink Midstream by 1.4% in the 4th quarter. Raymond James & Associates now owns 161,320 shares of the pipeline company’s stock worth $1,962,000 after acquiring an additional 2,240 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of EnLink Midstream by 3.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 467,592 shares of the pipeline company’s stock worth $5,686,000 after acquiring an additional 16,909 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of EnLink Midstream by 232.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,488 shares of the pipeline company’s stock worth $67,000 after acquiring an additional 3,837 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of EnLink Midstream by 878.5% in the 3rd quarter. Comerica Bank now owns 23,475 shares of the pipeline company’s stock worth $287,000 after acquiring an additional 21,076 shares during the last quarter. 45.87% of the stock is owned by hedge funds and other institutional investors.

EnLink Midstream Trading Up 0.2 %

NYSE ENLC opened at $13.35 on Thursday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 30.34 and a beta of 2.39. The company’s 50-day simple moving average is $12.39 and its two-hundred day simple moving average is $12.46. EnLink Midstream, LLC has a one year low of $8.45 and a one year high of $13.98.

EnLink Midstream (NYSE:ENLC) last posted its earnings results on Tuesday, February 20th. The pipeline company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. EnLink Midstream had a net margin of 2.99% and a return on equity of 8.12%. Equities analysts forecast that EnLink Midstream, LLC will post 0.6 EPS for the current fiscal year.

EnLink Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Monday, January 29th were given a dividend of $0.1325 per share. This is an increase from EnLink Midstream’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, January 26th. This represents a $0.53 dividend on an annualized basis and a yield of 3.97%. EnLink Midstream’s dividend payout ratio (DPR) is 120.46%.

Insider Buying and Selling at EnLink Midstream

In other EnLink Midstream news, CAO Jan Philipp Rossbach sold 50,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $12.32, for a total transaction of $616,000.00. Following the transaction, the chief accounting officer now owns 58,410 shares of the company’s stock, valued at approximately $719,611.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Benjamin D. Lamb sold 250,552 shares of EnLink Midstream stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.08, for a total value of $3,026,668.16. Following the transaction, the chief financial officer now owns 534,000 shares of the company’s stock, valued at approximately $6,450,720. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jan Philipp Rossbach sold 50,000 shares of EnLink Midstream stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $12.32, for a total transaction of $616,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 58,410 shares in the company, valued at approximately $719,611.20. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ENLC. Capital One Financial initiated coverage on shares of EnLink Midstream in a report on Friday, March 22nd. They issued an “overweight” rating and a $15.00 target price for the company. StockNews.com upgraded shares of EnLink Midstream from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of EnLink Midstream from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Finally, UBS Group lifted their price objective on shares of EnLink Midstream from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.43.

EnLink Midstream Company 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.