Who is the Top Investor In EnLink Midstream LLC (ENLC)?

EnLink Midstream LLC (NYSE: ENLC) is -1.62% lower on its value in year-to-date trading and has touched a low of $0.88 and a high of $6.48 in the current 52-week trading range. The ENLC stock was last observed hovering at around $3.71 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $3.75 for the next 12 months. It is also 27.0% off the consensus price target high of $5.00 offered by 12 analysts, but current levels are -21.67% lower than the price target low of $3.00 for the same period.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $3.65, the stock is -6.75% and 5.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing -1.62% at the moment leaves the stock 40.78% off its SMA200. ENLC registered -41.88% loss for a year compared to 6-month gain of 44.27%. The firm has a 50-day simple moving average (SMA 50) of $3.8303 and a 200-day simple moving average (SMA200) of $2.9377.

The stock witnessed a -7.83% loss in the last 1 month and extending the period to 3 months gives it a 52.72%, and is -4.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.77% over the week and 6.60% over the month.

EnLink Midstream LLC (ENLC) has around 1355 employees, a market worth around $1.78B and $3.99B in sales. Profit margin for the company is -30.30%. Distance from 52-week low is 314.77% and -43.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.10%).

EnLink Midstream LLC (ENLC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for EnLink Midstream LLC (ENLC) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 3.10, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.

EnLink Midstream LLC is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $1.15B over the same period.The EPS is expected to grow by 77.60% this year, but quarterly earnings will post -34.90% year-over-year. Quarterly sales are estimated to shrink -0.50% in year-over-year returns.

EnLink Midstream LLC (ENLC) Top Institutional Holders

187 institutions hold shares in EnLink Midstream LLC (ENLC), with 5.43M shares held by insiders accounting for 1.11% while institutional investors hold 81.84% of the company’s shares. The shares outstanding are 489.70M, and float is at 258.59M with Short Float at 2.30%. Institutions hold 80.93% of the Float.

The top institutional shareholder in the company is Invesco Ltd. with over 46.13 million shares valued at $108.4 million. The investor’s holdings represent 8.39% of the ENLC Shares outstanding. As of Sep 29, 2020, the second largest holder is Alps Advisors Inc. with 31.49 million shares valued at $74.01 million to account for 5.73% of the shares outstanding. The other top investors are Chickasaw Capital Management, LLC which holds 16.44 million shares representing 2.99% and valued at over $38.64 million, while Mirae Asset Global Investments Co., Ltd. holds 1.60% of the shares totaling 8.77 million with a market value of $20.61 million.

EnLink Midstream LLC (ENLC) Insider Activity

The most recent transaction is an insider purchase by Vann Kyle D, the company’s Director. SEC filings show that Vann Kyle D bought 40,000 shares of the company’s common stock on Aug 07 at a price of $2.98 per share for a total of $0.12 million. Following the purchase, the insider now owns 0.19 million shares.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

EnLink Midstream LLC (ENLC): Who are the competitors?

The company’s main competitors (and peers) include PBF Logistics LP (PBFX) that is trading -54.67% down over the past 12 months. NuStar Energy L.P. (NS) is -46.19% down on the 1-year trading charts. Short interest in the company’s stock has fallen -27.78% from the last report on Nov 12, 2020 to stand at a total of 7.59 million short shares sold with a short interest ratio of 1.79.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free