Nisa Investment Advisors LLC continued to hold its position in shares of EnLink Midstream, LLC (NYSE:ENLC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,000 shares of the pipeline company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in EnLink Midstream were worth $358,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can raised its position in EnLink Midstream by 2,201.2% in the first quarter. Great West Life Assurance Co. Can now owns 134,206 shares of the pipeline company’s stock worth $2,605,000 after buying an additional 128,374 shares during the last quarter. Hollencrest Securities LLC purchased a new position in EnLink Midstream during the first quarter worth $258,000. Tower Research Capital LLC TRC purchased a new position in EnLink Midstream during the first quarter worth $206,000. Signature Financial Management Inc. purchased a new position in EnLink Midstream during the first quarter worth $449,000. Finally, Keybank National Association OH raised its position in EnLink Midstream by 8.4% in the first quarter. Keybank National Association OH now owns 25,130 shares of the pipeline company’s stock worth $488,000 after buying an additional 1,940 shares during the last quarter. Hedge funds and other institutional investors own 33.48% of the company’s stock.
Shares of EnLink Midstream, LLC (NYSE:ENLC) traded up 1.80% during mid-day trading on Friday, reaching $17.00. 339,785 shares of the company’s stock traded hands. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 4250.00 and a beta of 2.58. EnLink Midstream, LLC has a 12-month low of $14.70 and a 12-month high of $20.45. The firm’s 50 day moving average price is $17.49 and its 200-day moving average price is $18.16.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 1st will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Friday, July 28th.
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ENLC has been the topic of a number of recent analyst reports. TheStreet raised shares of EnLink Midstream from a “d” rating to a “c-” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $21.00 price target on shares of EnLink Midstream in a research report on Friday, April 21st. Barclays PLC reissued a “hold” rating and set a $19.00 price target on shares of EnLink Midstream in a research report on Friday, July 21st. Jefferies Group LLC raised shares of EnLink Midstream from an “underperform” rating to a “hold” rating and dropped their price target for the company from $16.00 to $15.00 in a research report on Wednesday, July 12th. Finally, BidaskClub raised shares of EnLink Midstream from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.55.
About EnLink Midstream
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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