Corient Private Wealth LLC Lowers Stock Position in EnLink Midstream, LLC (NYSE:ENLC)

Corient Private Wealth LLC cut its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,282 shares of the pipeline company’s stock after selling 14,842 shares during the quarter. Corient Private Wealth LLC’s holdings in EnLink Midstream were worth $485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Merewether Investment Management LP purchased a new position in EnLink Midstream in the third quarter worth about $64,477,000. Brookfield Corp ON lifted its stake in shares of EnLink Midstream by 97.1% in the 3rd quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company’s stock valued at $52,285,000 after purchasing an additional 1,775,203 shares during the last quarter. Miller Howard Investments Inc. NY boosted its holdings in shares of EnLink Midstream by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 2,320,292 shares of the pipeline company’s stock worth $32,832,000 after purchasing an additional 33,025 shares during the period. Two Sigma Advisers LP increased 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 purchasing an additional 430,600 shares during the last quarter. Finally, State Street Corp raised its holdings in EnLink Midstream by 1.0% during the 3rd quarter. State Street Corp now owns 557,629 shares of the pipeline company’s stock valued at $8,091,000 after buying an additional 5,573 shares during the period. 45.87% of the stock is owned by hedge funds and other institutional investors.

EnLink Midstream Stock Up 2.9 %

ENLC stock opened at $14.56 on Friday. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The company has a fifty day moving average price of $14.58 and a 200 day moving average price of $14.74. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. EnLink Midstream, LLC has a 12 month low of $11.83 and a 12 month high of $16.40.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of EnLink Midstream in a research report on Friday. They issued a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EnLink Midstream presently has an average rating of “Hold” and an average target price of $15.40.

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.