Global X MANAGEMENT CO LLC Purchases 131,283 Shares of EnLink Midstream, LLC (ENLC)

Global X MANAGEMENT CO LLC lifted its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 29.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,324 shares of the pipeline company’s stock after acquiring an additional 131,283 shares during the quarter. Global X MANAGEMENT CO LLC owned approximately 0.32% of EnLink Midstream worth $9,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENLC. Ameriprise Financial Inc. boosted its holdings in shares of EnLink Midstream by 3.1% during the 1st quarter. Ameriprise Financial Inc. now owns 13,742 shares of the pipeline company’s stock valued at $266,000 after acquiring an additional 412 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of EnLink Midstream by 34.7% during the 1st quarter. Alliancebernstein L.P. now owns 15,706 shares of the pipeline company’s stock valued at $305,000 after acquiring an additional 4,044 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in EnLink Midstream by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,907,938 shares of the pipeline company’s stock worth $37,013,000 after buying an additional 23,462 shares during the period. Morgan Stanley lifted its holdings in EnLink Midstream by 66.7% during the 1st quarter. Morgan Stanley now owns 657,043 shares of the pipeline company’s stock worth $12,747,000 after buying an additional 262,855 shares during the period. Finally, KCG Holdings Inc. lifted its holdings in EnLink Midstream by 3.4% during the 1st quarter. KCG Holdings Inc. now owns 16,151 shares of the pipeline company’s stock worth $313,000 after buying an additional 526 shares during the period. 34.47% of the stock is currently owned by institutional investors.

Shares of EnLink Midstream, LLC (NYSE:ENLC) traded down $0.30 during trading on Friday, reaching $16.00. The company had a trading volume of 452,500 shares, compared to its average volume of 479,485. EnLink Midstream, LLC has a twelve month low of $15.05 and a twelve month high of $20.45. The company has a market cap of $2,889.42, a price-to-earnings ratio of 533.33 and a beta of 2.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.85 and a quick ratio of 0.85.

EnLink Midstream (NYSE:ENLC) last issued its earnings results on Tuesday, October 31st. The pipeline company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11). EnLink Midstream had a net margin of 0.12% and a return on equity of 0.15%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. sell-side analysts predict that EnLink Midstream, LLC will post 0.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend is Tuesday, October 31st. EnLink Midstream’s dividend payout ratio is currently 3,401.13%.

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Several research analysts have commented on ENLC shares. Barclays PLC reaffirmed a “hold” rating and set a $19.00 target price on shares of EnLink Midstream in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $21.00 target price on shares of EnLink Midstream in a report on Monday, July 31st. BidaskClub downgraded EnLink Midstream from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Citigroup Inc. raised EnLink Midstream to a “neutral” rating and set a $19.00 target price on the stock in a report on Wednesday, August 2nd. Finally, Mitsubishi UFJ Financial Group raised EnLink Midstream from an “underweight” rating to a “neutral” rating and set a $19.00 target price on the stock in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.83.

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.

Institutional Ownership by Quarter for EnLink Midstream (NYSE:ENLC)

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