Atria Wealth Solutions Inc. Invests $272,000 in EnLink Midstream, LLC (NYSE:ENLC)

Atria Wealth Solutions Inc. bought a new position in shares of EnLink Midstream, LLC (NYSE:ENLC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,190 shares of the pipeline company’s stock, valued at approximately $272,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Merewether Investment Management LP acquired a new stake in EnLink Midstream in the third quarter valued at about $64,477,000. Brookfield Corp ON lifted its position in shares of EnLink Midstream by 97.1% during the 3rd quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company’s stock valued at $52,285,000 after acquiring an additional 1,775,203 shares during the period. Miller Howard Investments Inc. NY lifted its position in shares of EnLink Midstream by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 2,320,292 shares of the pipeline company’s stock valued at $32,832,000 after acquiring an additional 33,025 shares during the period. Catalyst Capital Advisors LLC lifted its position in shares of EnLink Midstream by 120.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company’s stock valued at $30,348,000 after acquiring an additional 1,141,254 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of EnLink Midstream by 57.4% during the 3rd quarter. Two Sigma Advisers LP now owns 1,181,021 shares of the pipeline company’s stock valued at $17,137,000 after acquiring an additional 430,600 shares during the period. Institutional investors and hedge funds own 45.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. US Capital Advisors downgraded shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a research note on Thursday, November 21st. Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, StockNews.com began coverage on shares of EnLink Midstream in a research note on Monday, February 24th. They set a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EnLink Midstream currently has an average rating of “Hold” and an average target price of $15.40.

EnLink Midstream Stock Up 2.9 %

ENLC stock opened at $14.56 on Friday. EnLink Midstream, LLC has a one year low of $11.55 and a one year high of $16.40. The company has a 50 day moving average price of $14.55 and a two-hundred day moving average price of $14.61. The stock has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

EnLink Midstream Company Profile

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.