Enlink Midstream LLC (NYSE: ENLC) is 16.37% higher on its value in year-to-date trading and has touched a low of $11.53 and a high of $16.40 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 $14.20 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $14.15, the stock is -2.77% and -5.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -0.35% at the moment leaves the stock 1.26% off its SMA200. ENLC registered 16.37% gain for a year compared to 6-month gain of 2.24%. The firm has a 50-day simple moving average (SMA 50) of $14.9934 and a 200-day simple moving average (SMA200) of $13.9673.
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The stock witnessed a -11.62% loss in the last 1 month and extending the period to 3 months gives it a -3.48%, and is -0.35% 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 1.46% over the week and 2.11% over the month.
Enlink Midstream LLC (ENLC) has around 1072 employees, a market worth around $6.44B and $6.65B in sales. Current P/E ratio is 61.41 and Fwd P/E is 19.06. Profit margin for the company is 1.58%. Distance from 52-week low is 22.72% and -13.72% from its 52-week high. The company has generated returns on investments over the last 12 months (2.07%).
The EPS is expected to shrink by -0.97% this year
269.0 institutions hold shares in Enlink Midstream LLC (ENLC), with institutional investors hold 89.66% of the company’s shares. The shares outstanding are 458.62M, and float is at 252.80M with Short Float at 3.59%. Institutions hold 49.93% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 43.42 million shares valued at $597.42 million. The investor’s holdings represent 9.6205 of the ENLC Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 24.23 million shares valued at $333.47 million to account for 5.37 of the shares outstanding. The other top investors are CHICKASAW CAPITAL MANAGEMENT LLC which holds 14.6 million shares representing 3.2348 and valued at over $200.92 million, while TORTOISE CAPITAL ADVISORS, L.L.C. holds 3.1917 of the shares totaling 14.4 million with a market value of $198.2 million.
Enlink Midstream LLC (ENLC) Insider Activity
The most recent transaction is an insider sale by Global Infrastructure Investor, the company’s 10% Owner. SEC filings show that Global Infrastructure Investor sold 200,340,753 shares of the company’s common stock on Oct 15 ’24 at a price of $14.90 per share for a total of $2.99 billion. Following the sale, the insider now owns 0.0 shares.
Enlink Midstream LLC disclosed in a document filed with the SEC on Feb 28 ’24 that Lamb Benjamin D (EVP and CFO) sold a total of 250,552 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $12.08 per share for $3.03 million. Following the transaction, the insider now directly holds 0.53 million shares of the ENLC stock.
Still, SEC filings show that on Feb 23 ’24, Rossbach Jan Philipp (VP & Chief Accounting Officer) disposed off 50,000 shares at an average price of $12.32 for $0.62 million. The insider now directly holds 58,410 shares of Enlink Midstream LLC (ENLC).
