EnLink Midstream, LLC (NYSE:ENLC) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in EnLink Midstream, LLC (NYSE:ENLC) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,954 shares of the pipeline company’s stock after acquiring an additional 1,437 shares during the period. HighTower Advisors LLC’s holdings in EnLink Midstream were worth $353,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Segment Wealth Management LLC grew its stake in EnLink Midstream by 44.8% during the 4th quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after buying an additional 64,512 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of EnLink Midstream by 26.7% during the fourth quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after acquiring an additional 26,937 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of EnLink Midstream by 268.0% in the 3rd quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock worth $5,834,000 after acquiring an additional 292,833 shares during the period. Caprock Group LLC bought a new stake in EnLink Midstream in the 4th quarter valued at about $284,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in EnLink Midstream during the 4th quarter valued at about $2,053,000. 45.87% of the stock is owned by institutional investors.

EnLink Midstream Price Performance

NYSE:ENLC opened at $14.56 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The business’s 50-day moving average price is $14.54 and its 200 day moving average price is $14.74. EnLink Midstream, LLC has a 52-week low of $11.83 and a 52-week high of $16.40. The firm has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

Analyst Ratings Changes

Separately, StockNews.com began coverage on EnLink Midstream in a research report on Friday, March 28th. They set a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.