Robert W. Baird Analysts Give EnLink Midstream (ENLC) a $18.00 Price Target

Robert W. Baird set a $18.00 price target on EnLink Midstream (NYSE:ENLC) in a research note released on Monday morning. The brokerage currently has a hold rating on the pipeline company’s stock.

Several other brokerages also recently issued reports on ENLC. Credit Suisse Group started coverage on shares of EnLink Midstream in a report on Thursday, January 4th. They set a neutral rating and a $19.00 price target for the company. UBS Group raised shares of EnLink Midstream from a neutral rating to a buy rating and set a $19.00 price target for the company in a report on Tuesday, October 24th. Zacks Investment Research raised shares of EnLink Midstream from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Tuesday, October 17th. Goldman Sachs Group raised shares of EnLink Midstream from a sell rating to a neutral rating in a report on Friday, November 17th. Finally, Royal Bank of Canada reissued a hold rating and set a $20.00 price target on shares of EnLink Midstream in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. EnLink Midstream presently has an average rating of Hold and a consensus price target of $18.62.

EnLink Midstream (NYSE ENLC) opened at $17.35 on Monday. EnLink Midstream has a 1-year low of $15.00 and a 1-year high of $20.45. The stock has a market cap of $3,124.19, a price-to-earnings ratio of 576.67 and a beta of 2.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a $0.259 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.04 annualized dividend and a yield of 5.97%. This is an increase from EnLink Midstream’s previous quarterly dividend of $0.26. EnLink Midstream’s dividend payout ratio is presently 3,467.82%.

Hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC lifted its holdings in EnLink Midstream by 18.3% in the third quarter. Catalyst Capital Advisors LLC now owns 915,825 shares of the pipeline company’s stock worth $15,798,000 after purchasing an additional 141,860 shares during the period. Gen IV Investment Opportunities LLC lifted its holdings in EnLink Midstream by 0.8% in the third quarter. Gen IV Investment Opportunities LLC now owns 1,661,314 shares of the pipeline company’s stock worth $28,658,000 after purchasing an additional 14,000 shares during the period. OxFORD Asset Management LLP acquired a new stake in EnLink Midstream in the second quarter worth about $315,000. Keybank National Association OH lifted its holdings in EnLink Midstream by 72.0% in the third quarter. Keybank National Association OH now owns 45,470 shares of the pipeline company’s stock worth $784,000 after purchasing an additional 19,030 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in EnLink Midstream in the third quarter worth about $638,000. 34.40% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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