Macquarie Group Ltd. Invests $144,000 in EnLink Midstream (ENLC) Stock

Macquarie Group Ltd. bought a new stake in EnLink Midstream (NYSE:ENLC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,162 shares of the pipeline company’s stock, valued at approximately $144,000.

A number of other hedge funds have also recently made changes to their positions in ENLC. The Manufacturers Life Insurance Company increased its stake in shares of EnLink Midstream by 11.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock valued at $100,000 after acquiring an additional 599 shares during the last quarter. State Street Corp increased its stake in shares of EnLink Midstream by 7.0% during the 2nd quarter. State Street Corp now owns 104,852 shares of the pipeline company’s stock valued at $1,846,000 after acquiring an additional 6,851 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of EnLink Midstream by 14.0% during the 4th quarter. Alps Advisors Inc. now owns 64,560 shares of the pipeline company’s stock valued at $1,136,000 after acquiring an additional 7,944 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of EnLink Midstream by 397.6% during the 3rd quarter. Nationwide Fund Advisors now owns 12,013 shares of the pipeline company’s stock valued at $207,000 after acquiring an additional 9,599 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of EnLink Midstream during the 4th quarter valued at about $214,000. 33.67% of the stock is owned by hedge funds and other institutional investors.

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ENLC has been the subject of a number of research analyst reports. UBS dropped their price objective on shares of EnLink Midstream from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, March 2nd. Barclays dropped their price objective on shares of EnLink Midstream from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday. Zacks Investment Research raised shares of EnLink Midstream from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Robert W. Baird set a $18.00 price objective on shares of EnLink Midstream and gave the company a “hold” rating in a research note on Monday, February 12th. Finally, Seaport Global Securities set a $17.00 price objective on shares of EnLink Midstream and gave the company a “hold” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. EnLink Midstream currently has an average rating of “Hold” and an average price target of $17.29.

ENLC opened at $15.00 on Wednesday. The company has a market cap of $2,568.54, a P/E ratio of -300.00 and a beta of 2.46. EnLink Midstream has a 1 year low of $13.80 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.78 and a quick ratio of 0.78.

EnLink Midstream (NYSE:ENLC) last posted its earnings results on Tuesday, February 20th. The pipeline company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.20). The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.44 billion. EnLink Midstream had a return on equity of 0.23% and a net margin of 3.71%. analysts expect that EnLink Midstream will post 0.73 earnings per share for the current year.

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EnLink Midstream Profile

EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, exporting, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, and trans-loading crude oil, and condensate.

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

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