Goldman Sachs Group Inc. Has $194.13 Million Stock Holdings in EnLink Midstream, LLC (NYSE:ENLC)

Goldman Sachs Group Inc. grew its position in EnLink Midstream, LLC (NYSE:ENLCFree Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,964,328 shares of the pipeline company’s stock after purchasing an additional 186,801 shares during the period. Goldman Sachs Group Inc. owned about 3.49% of EnLink Midstream worth $194,126,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ENLC. Alps Advisors Inc. increased its position in EnLink Midstream by 11.0% in the 3rd quarter. Alps Advisors Inc. now owns 42,389,633 shares of the pipeline company’s stock valued at $518,001,000 after acquiring an additional 4,200,733 shares in the last quarter. Hennessy Advisors Inc. grew its stake in shares of EnLink Midstream by 1,614.2% during the fourth quarter. Hennessy Advisors Inc. now owns 1,868,500 shares of the pipeline company’s stock valued at $22,721,000 after purchasing an additional 1,759,500 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in shares of EnLink Midstream by 13.9% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 3,093,557 shares of the pipeline company’s stock valued at $37,618,000 after purchasing an additional 378,450 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of EnLink Midstream by 56.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,034,809 shares of the pipeline company’s stock valued at $12,583,000 after purchasing an additional 373,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of EnLink Midstream by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,736,175 shares of the pipeline company’s stock valued at $81,911,000 after purchasing an additional 342,204 shares during the last quarter. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Price Performance

Shares of ENLC stock opened at $13.09 on Friday. EnLink Midstream, LLC has a 52-week low of $9.52 and a 52-week high of $14.18. The stock has a market cap of $5.91 billion, a PE ratio of 37.40 and a beta of 2.36. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50 day moving average price is $13.35 and its two-hundred day moving average price is $12.80.

EnLink Midstream (NYSE:ENLCGet Free Report) last posted its earnings results on Tuesday, April 30th. The pipeline company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.79 billion. EnLink Midstream had a net margin of 2.40% and a return on equity of 8.58%. As a group, analysts forecast that EnLink Midstream, LLC will post 0.52 EPS for the current year.

EnLink Midstream Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Friday, April 26th were issued a $0.132 dividend. The ex-dividend date was Thursday, April 25th. This represents a $0.53 annualized dividend and a yield of 4.03%. EnLink Midstream’s dividend payout ratio (DPR) is presently 151.43%.

Analyst Ratings Changes

Several research firms have recently commented on ENLC. Capital One Financial began coverage on shares of EnLink Midstream in a research note on Friday, March 22nd. They set an “overweight” rating and a $15.00 price target on the stock. Citigroup increased their price target on shares of EnLink Midstream from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. decreased their price target on shares of EnLink Midstream from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Finally, StockNews.com cut shares of EnLink Midstream from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Three research 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 an average target price of $14.33.

Check Out Our Latest Research Report on EnLink Midstream

About EnLink Midstream

(Free Report)

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.

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

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