Enlink Midstream LLC (NYSE: ENLC) is 5.26% higher on its value in year-to-date trading and has touched a low of $8.45 and a high of $13.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ENLC stock was last observed hovering at around $12.63 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $12.80, the stock is 4.32% and 5.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 1.35% at the moment leaves the stock 7.28% off its SMA200. ENLC registered 14.90% gain for a year compared to 6-month loss of 3.14%. The firm has a 50-day simple moving average (SMA 50) of $1.51 and a 200-day simple moving average (SMA200) of $7.73.
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The stock witnessed a 8.02% gain in the last 1 month and extending the period to 3 months gives it a -1.16%, and is 0.95% up 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 1.76% over the week and 2.32% over the month.
Enlink Midstream LLC (ENLC) has around 1072 employees, a market worth around $5.80B and $6.88B in sales. Current P/E ratio is 28.92 and Fwd P/E is 17.13. Profit margin for the company is 3.00%. Distance from 52-week low is 51.39% and -8.41% from its 52-week high. The company has generated returns on investments over the last 12 months (3.72%).
Enlink Midstream LLC quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $1.82B over the same period.The EPS is expected to grow by 35.13% this year, but quarterly earnings will post 14.60% year-over-year. Quarterly sales are estimated to shrink -22.20% in year-over-year returns.
Enlink Midstream LLC (ENLC) Top Institutional Holders
255 institutions hold shares in Enlink Midstream LLC (ENLC), with institutional investors hold 94.79% of the company’s shares. The shares outstanding are 451.61M, and float is at 226.82M with Short Float at 4.84%. Institutions hold 94.28% of the Float.
The top institutional shareholder in the company is Alps Advisors Inc. with over 38.19 million shares valued at $404.8 million. The investor’s holdings represent 8.27% of the ENLC Shares outstanding. As of Jun 29, 2023, the second largest holder is Invesco Ltd. with 27.71 million shares valued at $293.72 million to account for 6.00% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 17.02 million shares representing 3.69% and valued at over $180.39 million, while Tortoise Capital Advisors, LLC holds 3.55% of the shares totaling 16.36 million with a market value of $173.43 million.
Enlink Midstream LLC (ENLC) Insider Activity
The most recent transaction is an insider sale by Lamb Benjamin D,the company’sEVP and CFO. SEC filings show that Lamb Benjamin D sold 250,552 shares of the company’s common stock on Feb 28 ’24 at a price of $12.08 per share for a total of $3.03 million. Following the sale, the insider now owns 0.53 million shares.
Enlink Midstream LLC disclosed in a document filed with the SEC on Feb 23 ’24 that Rossbach Jan Philipp (VP & Chief Accounting Officer) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $12.32 per share for $0.62 million. Following the transaction, the insider now directly holds 58410.0 shares of the ENLC stock.
Still, SEC filings show that on Aug 11 ’23, Brooks Alaina K (EVP, CL&AO, and Secretary) disposed off 35,023 shares at an average price of $12.00 for $0.42 million. The insider now directly holds 465,486 shares of Enlink Midstream LLC (ENLC).
