FY2025 EPS Estimates for ENLC Boosted by US Capital Advisors

EnLink Midstream, LLC (NYSE:ENLC) – Stock analysts at US Capital Advisors lifted their FY2025 earnings estimates for shares of EnLink Midstream in a research note issued to investors on Tuesday, November 26th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings of $0.88 per share for the year, up from their previous estimate of $0.85. US Capital Advisors 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 issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.16). The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.98 billion. EnLink Midstream had a return on equity of 9.51% and a net margin of 1.96%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share.

ENLC has been the topic of a number of other research reports. Raymond James lowered EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. Capital One Financial reiterated an “equal weight” rating and issued a $16.00 price objective on shares of EnLink Midstream in a research note on Tuesday, September 3rd. Wells Fargo & Company lowered shares of EnLink Midstream from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $16.00 to $15.00 in a research report on Friday, August 30th. Finally, Tudor Pickering upgraded shares of EnLink Midstream to a “strong-buy” rating in a research report on Friday, August 16th. Ten research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Stock Performance

NYSE ENLC opened at $15.85 on Thursday. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 75.48 and a beta of 2.41. The business’s 50 day moving average is $14.96 and its two-hundred day moving average is $13.99. EnLink Midstream has a 12-month low of $11.53 and a 12-month high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30.

Hedge Funds Weigh In On EnLink Midstream

Institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its position in EnLink Midstream by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 184,007 shares of the pipeline company’s stock worth $2,513,000 after acquiring an additional 8,218 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of EnLink Midstream in the first quarter valued at $1,453,000. B. Riley Wealth Advisors Inc. grew its position in shares of EnLink Midstream by 13.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 69,793 shares of the pipeline company’s stock valued at $952,000 after purchasing an additional 8,370 shares during the period. Comerica Bank increased its stake in EnLink Midstream by 16.2% in the first quarter. Comerica Bank now owns 14,793 shares of the pipeline company’s stock valued at $202,000 after purchasing an additional 2,063 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in EnLink Midstream during the first quarter worth about $1,799,000. Institutional investors and hedge funds own 45.87% of the company’s stock.

Insider Buying and Selling at EnLink Midstream

In other EnLink Midstream news, major shareholder Infrastructure Investor Global sold 200,340,753 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $14.90, for a total transaction of $2,985,077,219.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by insiders.

EnLink Midstream Announces Dividend

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