Salient Capital Advisors Has Decreased Enlink Midstream (ENLC) Position; Genie Energy LTD. Class B Stock (GNE) Shorts Lowered By 0.99%

June 14, 2018 - By Nellie Frank

Genie Energy Ltd. (NYSE:GNE) Logo

Salient Capital Advisors Llc decreased Enlink Midstream Llc (ENLC) stake by 7.87% reported in 2018Q1 SEC filing. Salient Capital Advisors Llc sold 352,224 shares as Enlink Midstream Llc (ENLC)’s stock rose 7.72%. The Salient Capital Advisors Llc holds 4.12M shares with $60.40 million value, down from 4.48 million last quarter. Enlink Midstream Llc now has $3.02B valuation. The stock decreased 0.45% or $0.075 during the last trading session, reaching $16.675. About 338,942 shares traded. EnLink Midstream, LLC (NYSE:ENLC) has declined 4.71% since June 14, 2017 and is downtrending. It has underperformed by 17.28% the S&P500. Some Historical ENLC News: ; 16/05/2018 – Report: Developing Opportunities within Pacific Premier, EnLink Midstream, CENTENNIAL RES, Navistar International, National Fue; 16/05/2018 – MOODY’S AFFIRMS DEVON ENERGY & ENLINK AT Ba1; 14/05/2018 – EnLink Midstream LLC Presenting at Conference Tomorrow; 02/04/2018 – EnLink Midstream LLC at Deutsche Bank Energy Bus Tour Apr 4; 01/05/2018 – Enlink Midstream 1Q Net $60.1M; 26/04/2018 – EnLink Midstream LLC Presenting at Conference May 15; 27/04/2018 – EnLink Midstream LLC Presenting at Conference May 17; 19/03/2018 – EnLink Midstream Expects No Impact to Fincl Results Related to Revised FERC Policy; 19/03/2018 EnLink Midstream Expects No Impact to Financial Results Related to Revised FERC Policy; 16/05/2018 – DEVON ENERGY & ENLINK OUTLOOK STABLE BY MOODY’S

Genie Energy LTD. Class B Stock (NYSE:GNE) had a decrease of 0.99% in short interest. GNE’s SI was 710,700 shares in June as released by FINRA. Its down 0.99% from 717,800 shares previously. With 43,500 avg volume, 16 days are for Genie Energy LTD. Class B Stock (NYSE:GNE)’s short sellers to cover GNE’s short positions. The SI to Genie Energy LTD. Class B Stock’s float is 5.81%. The stock decreased 4.61% or $0.24 during the last trading session, reaching $4.97. About 35,386 shares traded. Genie Energy Ltd. (NYSE:GNE) has declined 31.65% since June 14, 2017 and is downtrending. It has underperformed by 44.22% the S&P500. Some Historical GNE News: ; 27/03/2018 – China Unicom Builds its Largest DDoS Protection Cloud with Genie; 03/05/2018 – Genie Energy 1Q Rev $89.3M; 03/04/2018 – The Genie Company Announces New Garage Door Opener with Integrated Aladdin Connect®; 26/03/2018 – FAA: JO 7340.445 – ICAO Three Letter Designator (3LD) “AUD” And Associated Telephony “GENIE”; 10/04/2018 – GENIE ENTERPRISE LTD SAYS CLOSING OF SERIES A ROUND OF FINANCING, WHICH WAS OVERSUBSCRIBED AT $10 MLN; 09/05/2018 – Genie Energy Short-Interest Ratio Rises 169% to 25 Days; 08/03/2018 – Genie Energy 4Q Rev $73.1M; 04/04/2018 – Central Energy USA And Diversegy Announce Professional Referral Program; 03/05/2018 – Genie Energy 1Q EPS 24c; 19/04/2018 – DJ Genie Energy Ltd Class B, Inst Holders, 1Q 2018 (GNE)

Salient Capital Advisors Llc increased Shell Midstream Partners LP stake by 1.04 million shares to 7.96 million valued at $167.51 million in 2018Q1. It also upped Magellan Midstream Prtnrs Lp (NYSE:MMP) stake by 72,940 shares and now owns 2.82M shares. Mplx Lp (NYSE:MPLX) was raised too.

Among 21 analysts covering EnLink Midstream LLC (NYSE:ENLC), 4 have Buy rating, 3 Sell and 14 Hold. Therefore 19% are positive. EnLink Midstream LLC had 77 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, July 12 by Jefferies. Credit Suisse downgraded the shares of ENLC in report on Tuesday, September 13 to “Underperform” rating. The rating was downgraded by Bank of America to “Neutral” on Monday, December 21. The rating was maintained by Robert W. Baird with “Hold” on Friday, November 17. The company was downgraded on Wednesday, June 8 by Jefferies. The stock has “Hold” rating by Jefferies on Wednesday, April 25. The company was maintained on Monday, April 9 by Seaport Global. The stock of EnLink Midstream, LLC (NYSE:ENLC) earned “Outperform” rating by Credit Suisse on Friday, February 19. The stock of EnLink Midstream, LLC (NYSE:ENLC) has “Equal-Weight” rating given on Wednesday, August 17 by Barclays Capital. The firm earned “Hold” rating on Wednesday, August 31 by Wunderlich.

Analysts await EnLink Midstream, LLC (NYSE:ENLC) to report earnings on August, 7. They expect $0.19 EPS, up 171.43% or $0.12 from last year’s $0.07 per share. ENLC’s profit will be $34.40 million for 21.94 P/E if the $0.19 EPS becomes a reality. After $0.07 actual EPS reported by EnLink Midstream, LLC for the previous quarter, Wall Street now forecasts 171.43% EPS growth.

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.87, from 1.73 in 2017Q4. It dropped, as 5 investors sold Genie Energy Ltd. shares while 16 reduced holdings. 5 funds opened positions while 13 raised stakes. 4.70 million shares or 0.21% more from 4.69 million shares in 2017Q4 were reported. Old West Invest Management Lc holds 0.14% or 50,000 shares in its portfolio. Panagora Asset Mngmt reported 12,369 shares. Rhumbline Advisers stated it has 14,372 shares. State Street stated it has 214,252 shares or 0% of all its holdings. Royal Comml Bank Of Canada owns 5 shares. Citigroup, a New York-based fund reported 2,349 shares. Morgan Stanley holds 0% or 35,901 shares. Fincl Bank Of Montreal Can has 394 shares. Macroview Mgmt Ltd Liability Com has invested 0% in Genie Energy Ltd. (NYSE:GNE). State Common Retirement Fund holds 0% of its portfolio in Genie Energy Ltd. (NYSE:GNE) for 11,500 shares. Ameritas Invest Ptnrs has 0% invested in Genie Energy Ltd. (NYSE:GNE). Great West Life Assurance Can holds 0% in Genie Energy Ltd. (NYSE:GNE) or 1,538 shares. Voya Ltd Liability Co reported 10,831 shares. Geode Cap Mgmt Limited Company has invested 0% in Genie Energy Ltd. (NYSE:GNE). Price T Rowe Incorporated Md stated it has 0% in Genie Energy Ltd. (NYSE:GNE).

Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an gas and oil exploration company. The company has market cap of $124.38 million. The firm operates through three divisions: Genie Retail Energy; Afek Oil and Gas, Ltd.; and Genie Oil and Gas. It currently has negative earnings. It resells electricity and natural gas to residential and small business clients primarily in the Eastern and Midwestern United States.

Another recent and important Genie Energy Ltd. (NYSE:GNE) news was published by Nasdaq.com which published an article titled: “Mid-Day Market Update: Dow Falls Over 400 Points; T2 Biosystems Shares Plunge” on May 29, 2018.

Genie Energy Ltd. (NYSE:GNE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: