EnLink Midstream (ENLC) Stock Rating Reaffirmed by Royal Bank of Canada

Salient Capital Advisors Llc decreased Enlink Midstream Llc (ENLC) stake by 0.39% reported in 2017Q3 SEC filing. Two analysts have provided estimates for EnLink Midstream's earnings. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, carrier grade access, network capacity, cloud, data center, managed, and directory publishing services through its fiber optic network and multiple data centers, as well as engages in equipment sales activities. This is a positive change from EnLink Midstream's previous quarterly dividend of $0.26. The firm is expected to report its next earnings results on Tuesday, February 13th. It has outperformed by 5.93% the S&P500. Zacks Investment Research's sales averages are an average based on a survey of research analysts that that provide coverage for EnLink Midstream.

EnLink Midstream (NYSE:ENLC) opened at $17.65 on Tuesday. The pipeline company reported $0.03 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.14 by ($0.11). On Wednesday, March 30 the stock rating was maintained by JP Morgan with "Neutral". Credit Suisse Group initiated coverage on EnLink Midstream in a research note on Thursday, January 4th. They issued a "neutral" rating for the company. They issued a "neutral" rating and a $16.00 target price for the company.

Among 8 analysts covering South State Corp (NASDAQ:SSB), 4 have Buy rating, 0 Sell and 4 Hold. Robert W. Baird set a $21.00 target price on EnLink Midstream and gave the stock a "hold" rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. As per Thursday, November 19, the company rating was maintained by Brean Capital.

Shares of EnLink Midstream (NYSE:ENLC) traded down $0.10 on Monday, hitting $18.50. Comparatively, 74.5% of VTTI Energy Partners shares are owned by institutional investors. Enlink Midstream Partners Lp now has $5.69B valuation. The firm has a market cap of $3,304.78, a P/E ratio of 616.87 and a beta of 2.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.85. Investors of record on Wednesday, January 31st will be issued a dividend of $0.259 per share. The ex-dividend date is Tuesday, January 30th. After $0.03 actual EPS reported by EnLink Midstream, LLC for the previous quarter, Wall Street now forecasts 466.67% EPS growth. The indicated annual dividend is $1.32. EnLink Midstream's dividend payout ratio (DPR) is now 3,467.82%. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company's stock worth $100,000 after purchasing an additional 599 shares during the period. Linscomb & Williams Inc. bought a new position in EnLink Midstream in the 3rd quarter valued at about $150,000. Institutional investors and hedge funds own 34.38% of the company's stock.

EnLink Midstream Partners, pays an annual dividend of $1.56 per share and has a dividend yield of 9.5%. Nationwide Fund Advisors now owns 12,013 shares of the pipeline company's stock valued at $207,000 after buying an additional 9,599 shares during the period.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of worldwide copyright and trademark laws. Tph Asset Management Llc sold 185,846 shares as the company's stock declined 7.22% while stock markets rallied.

This table compares EnLink Midstream Partners, and VTTI Energy Partners' net margins, return on equity and return on assets. 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.

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