EnLink Midstream LLC (NASDAQ:ENLC) announced a quarterly dividend on Thursday, January 21st, MarketBeat Ratings reports. Investors of record on Monday, February 1st will be paid a dividend of 0.255 per share on Friday, February 12th. This represents a $1.02 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend is Thursday, January 28th. This is a boost from EnLink Midstream’s previous quarterly dividend of $0.18.

EnLink Midstream (NASDAQ:ENLC) opened at 12.37 on Wednesday. The firm’s market cap is $2.03 billion. The stock’s 50 day moving average is $13.80 and its 200 day moving average is $19.81. EnLink Midstream has a 52 week low of $9.31 and a 52 week high of $37.00.

EnLink Midstream (NASDAQ:ENLC) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $1.99 EPS for the quarter, topping the consensus estimate of $0.12 by $1.87. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.26 billion. Equities research analysts expect that EnLink Midstream will post ($0.79) EPS for the current year.

Several brokerages recently commented on ENLC. Robert W. Baird reduced their price target on shares of EnLink Midstream from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Tuesday, October 20th. Zacks Investment Research downgraded shares of EnLink Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, October 6th. RBC Capital reduced their price target on shares of EnLink Midstream from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Thursday, November 5th. Credit Suisse upped their price target on shares of EnLink Midstream from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, November 6th. Finally, Barclays reduced their price target on shares of EnLink Midstream from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.45.

Enlink Midstream, LLC is a limited liability company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (NASDAQ:ENLC) and EnLink Midstream Holdings, LP (Midstream Holdings). The Partnership is a publicly traded limited partnership engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers. Midstream Holdings is engaged in the gathering, transmission and processing of natural gas. The Company has approximately 17,431,152 common units representing an aggregate 7% limited partner interest in the Partnership. As of December 31, 2014, the Company also has 100% ownership interest in EnLink Midstream Partners GP, LLC, which is the general partner of the Partnership. The Company also had 25% limited partner interest in Midstream Holdings as of February 17, 2015.

12 Month Chart for NASDAQ:ENLC

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