FY2025 EPS Estimates for ENLC Lifted by US Capital Advisors

EnLink Midstream, LLC (NYSE:ENLC) – US Capital Advisors lifted their FY2025 earnings estimates for EnLink Midstream in a report issued on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will earn $0.88 per share for the year, up from their previous estimate of $0.85. US Capital Advisors currently has a “Hold” rating on the stock. The consensus estimate for EnLink Midstream’s current full-year earnings is $0.51 per share. US Capital Advisors also issued estimates for EnLink Midstream’s FY2026 earnings at $1.05 EPS.

EnLink Midstream (NYSE:ENLC) last announced its earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.16). EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company earned $0.10 earnings per share. EnLink Midstream’s quarterly revenue was down 7.9% on a year-over-year basis.

Several other research analysts have also recently commented on the company. Tudor, Pickering, Holt & Co. raised EnLink Midstream from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, August 16th. Mizuho restated a “neutral” rating and set a $15.00 target price on shares of EnLink Midstream in a research note on Thursday, October 31st. Tudor Pickering raised shares of EnLink Midstream to a “strong-buy” rating in a report on Friday, August 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. Finally, StockNews.com raised shares of EnLink Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EnLink Midstream currently has a consensus rating of “Hold” and an average price target of $15.40.

EnLink Midstream Stock Down 0.4 %

EnLink Midstream stock opened at $15.85 on Thursday. The firm has a market capitalization of $7.24 billion, a P/E ratio of 75.48 and a beta of 2.41. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream has a twelve month low of $11.53 and a twelve month high of $16.40. The stock’s fifty day simple moving average is $14.96 and its 200-day simple moving average is $13.99.

Institutional Investors Weigh In On EnLink Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of EnLink Midstream by 9.7% in the 3rd quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock valued at $266,000 after acquiring an additional 1,623 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in EnLink Midstream during the 3rd quarter worth $98,000. Sanctuary Advisors LLC increased its stake in EnLink Midstream by 8.5% in the third quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company’s stock valued at $473,000 after purchasing an additional 2,362 shares during the period. Zimmer Partners LP purchased a new stake in shares of EnLink Midstream in the third quarter valued at about $363,000. Finally, Brookfield Corp ON boosted its stake in shares of EnLink Midstream by 97.1% during the third quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company’s stock worth $52,285,000 after buying an additional 1,775,203 shares during the period. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $14.90, for a total transaction of $2,985,077,219.70. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.84% of the stock is owned by company insiders.

EnLink Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were given a $0.1325 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, November 1st. EnLink Midstream’s dividend payout ratio (DPR) is 252.38%.

EnLink Midstream Company Profile

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.