EnLink MidstreamENLC
ENLC
About: EnLink Midstream LLC is an integrated midstream company. The company's operating segment includes Permian; North Texas; Oklahoma; Louisiana and Corporate. The company generates maximum revenue from the Louisiana segment. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets.
Employees: 1,072
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more capital invested
Capital invested by funds: $3.01B [Q2] → $3.25B (+$233M) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 63
0.04% less ownership
Funds ownership: 48.54% [Q2] → 48.5% (-0.04%) [Q3]
7% less funds holding
Funds holding: 219 [Q2] → 204 (-15) [Q3]
24% less call options, than puts
Call options by funds: $11.2M | Put options by funds: $14.7M
29% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]
38% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 39
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
6%
upside
Avg. target
$15.33
9%
upside
High target
$16
14%
upside
3 analyst ratings
0 positive
0%
3 neutral
100%
0 negative
0%
RBC Capital Elvira Scotto 81% 1-year accuracy 26 / 32 met price target | 6%upside $15 | Sector Perform Reiterated | 21 Nov 2024 |
Mizuho Gabriel Moreen 95% 1-year accuracy 35 / 37 met price target | 6%upside $15 | Neutral Reinstated | 31 Oct 2024 |
UBS Brian Reynolds 78% 1-year accuracy 7 / 9 met price target | 14%upside $16 | Neutral Downgraded | 30 Sept 2024 |
Financial journalist opinion
Based on 7 articles about ENLC published over the past 30 days
Neutral
Seeking Alpha
3 weeks ago
ONEOK Finishes The Job In Picking Up EnLink Midstream
ONEOK's stock dropped 5% after announcing a $4.3 billion all-stock acquisition of the remaining 57% of EnLink Midstream, a move anticipated by the market. Despite recent gains, ONEOK still warrants a marginal 'buy' rating due to expected synergies and significant cash flows from recent acquisitions. ONEOK's valuation is mid-tier compared to peers, but its low net leverage ratio and focus on dividends and buybacks make it a quality prospect.
Neutral
PRNewsWire
3 weeks ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of EnLink Midstream, LLC - ENLC
NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating EnLink Midstream, LLC (NYSE: ENLC ), relating to the proposed merger with ONEOK.
Neutral
Business Wire
3 weeks ago
Shareholder Alert: Ademi LLP Investigates Whether EnLink Midstream, LLC Is Obtaining a Fair Price for its Public Unitholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating EnLink (NYSE: ENLC) for possible breaches of fiduciary duty and other violations of law in its transaction with ONEOK. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, the unitholders of EnLink will receive only 0.1412 shares of ONEOK common stock for each outstanding common unit of E.
Neutral
Business Wire
3 weeks ago
ENLC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of EnLink Midstream, LLC Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of EnLink Midstream, LLC (NYSE: ENLC) to ONEOK, Inc. for 0.1412 shares of ONEOK common stock for each common unit of EnLink is fair to EnLink shareholders. Halper Sadeh encourages EnLink shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investiga.
Positive
WSJ
3 weeks ago
Oneok to Acquire EnLink Midstream in $4.3 Billion Stock Deal
Oneok shares will be used to acquire all of the outstanding publicly held units of EnLink Midstream for $4.3 billion.
Positive
Reuters
3 weeks ago
Oneok to acquire remaining units of Enlink in $4.3 billion deal
Pipeline operator ONEOK said on Sunday it would acquire all of the remaining publicly held units of Enlink for $4.3 billion in ONEOK common stock.
Neutral
PRNewsWire
3 weeks ago
ONEOK Announces Agreement to Acquire Remaining Publicly Held Common Units in EnLink Midstream in a Tax-Free Transaction
Consideration of 0.1412 shares of ONEOK common stock for each outstanding publicly held EnLink common unit TULSA, Okla. , Nov. 24, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and EnLink Midstream, LLC (NYSE: ENLC) ("EnLink") today announced that they have executed a definitive merger agreement under which ONEOK will acquire all of the outstanding publicly held common units of EnLink for $4.3 billion in ONEOK common stock.
Neutral
PRNewsWire
1 month ago
ONEOK Foundation Donates $100,000 to Wildfire Disaster Relief Program
North Dakota Wildfire Devastates Approximately 126,000 Acres; ONEOK Foundation Contributes to Relief for Impacted Cattle Producers TULSA, Okla. , Nov. 19, 2024 /PRNewswire/ -- The ONEOK Foundation donated $100,000 to the North Dakota Stockmen's Association (NDSA) and the North Dakota Stockmen's Foundation Out of the Ashes Wildfire Disaster Relief Program.
Neutral
PRNewsWire
1 month ago
ONEOK to Participate in BofA Securities Global Energy Conference
TULSA, Okla. , Nov. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston.
Negative
Zacks Investment Research
1 month ago
EnLink Midstream (ENLC) Q3 Earnings and Revenues Lag Estimates
EnLink Midstream (ENLC) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.10 per share a year ago.
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