EnLink Midstream, (ENLC) Reaches $15.05 After 3.00% Up Move; Nuveen Real Asset Income & Growth Fund (JRI)’s Sentiment Is 1.4

April 23, 2018 - By Maria Brooks

EnLink Midstream, LLC (NYSE:ENLC) Logo

Nuveen Real Asset Income & Growth Fund (JRI) investors sentiment decreased to 1.4 in 2017 Q4. It’s down -12.60, from 14 in 2017Q3. The ratio has worsened, as 28 investment managers increased or started new equity positions, while 20 sold and reduced stakes in Nuveen Real Asset Income & Growth Fund. The investment managers in our database now hold: 4.90 million shares, down from 9.96 million shares in 2017Q3. Also, the number of investment managers holding Nuveen Real Asset Income & Growth Fund in top ten equity positions was flat from 2 to 2 for the same number . Sold All: 5 Reduced: 15 Increased: 14 New Position: 14.

The stock of EnLink Midstream, LLC (NYSE:ENLC) is a huge mover today! The stock increased 2.38% or $0.35 during the last trading session, reaching $15.05. About 427,791 shares traded. EnLink Midstream, LLC (NYSE:ENLC) has declined 21.83% since April 23, 2017 and is downtrending. It has underperformed by 33.38% the S&P500.The move comes after 7 months positive chart setup for the $2.72B company. It was reported on Apr, 23 by Barchart.com. We have $15.50 PT which if reached, will make NYSE:ENLC worth $81.66M more.

Camelot Portfolios Llc holds 4.26% of its portfolio in Nuveen Real Asset Income and Growth Fund for 506,677 shares. Sterneck Capital Management Llc owns 258,706 shares or 2.76% of their US portfolio. Moreover, Dubuque Bank & Trust Co has 0.73% invested in the company for 269,058 shares. The Michigan-based Robinson Capital Management Llc has invested 0.47% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 199,150 shares.

The stock increased 0.06% or $0.009 during the last trading session, reaching $16.249. About 100,363 shares traded or 11.60% up from the average. Nuveen Real Asset Income and Growth Fund (JRI) has declined 4.94% since April 23, 2017 and is downtrending. It has underperformed by 16.49% the S&P500.

Analysts await EnLink Midstream, LLC (NYSE:ENLC) to report earnings on May, 1 after the close. They expect $0.16 earnings per share, up 420.00% or $0.21 from last year’s $-0.05 per share. ENLC’s profit will be $28.94M for 23.52 P/E if the $0.16 EPS becomes a reality. After $-0.01 actual earnings per share reported by EnLink Midstream, LLC for the previous quarter, Wall Street now forecasts -1,700.00% EPS growth.

EnLink Midstream, LLC gathering, transmission, processing, fractionation, storage, stabilization, brine, and marketing services to producers of natural gas, natural gas liquids, crude oil, and condensate in the United States. The company has market cap of $2.72 billion. The Company’s midstream energy asset network includes approximately 11,000 miles of pipelines; 20 natural gas processing plants; 7 fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. It has a 13.03 P/E ratio. The firm was founded in 2013 and is headquartered in Dallas, Texas.

Among 21 analysts covering EnLink Midstream LLC (NYSE:ENLC), 3 have Buy rating, 3 Sell and 15 Hold. Therefore 14% are positive. EnLink Midstream LLC has $42 highest and $8 lowest target. $17.12’s average target is 13.75% above currents $15.05 stock price. EnLink Midstream LLC had 72 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird downgraded EnLink Midstream, LLC (NYSE:ENLC) rating on Monday, February 8. Robert W. Baird has “Underperform” rating and $10 target. The rating was maintained by Wunderlich with “Hold” on Wednesday, August 31. On Tuesday, October 24 the stock rating was upgraded by UBS to “Buy”. The stock of EnLink Midstream, LLC (NYSE:ENLC) earned “Overweight” rating by Barclays Capital on Thursday, September 24. The firm has “Underweight” rating by JP Morgan given on Wednesday, April 4. The firm earned “Buy” rating on Thursday, August 6 by Wunderlich. The company was downgraded on Thursday, January 12 by Jefferies. The firm has “Hold” rating given on Friday, November 17 by Robert W. Baird. The firm has “Neutral” rating given on Friday, November 17 by Goldman Sachs. The firm has “Neutral” rating by JP Morgan given on Tuesday, May 31.

EnLink Midstream, LLC (NYSE:ENLC) Ratings Chart

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