EnLink Midstream (NYSE:ENLC) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report issued on Saturday. The brokerage set a “hold” rating on the pipeline company’s stock.

EnLink Midstream Stock Up 2.9 %

ENLC stock opened at $14.56 on Friday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The firm has a fifty day moving average price of $14.53 and a two-hundred day moving average price of $14.74. EnLink Midstream has a 1-year low of $11.83 and a 1-year high of $16.40. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ENLC. California State Teachers Retirement System boosted its stake in EnLink Midstream by 10.5% in the 4th quarter. California State Teachers Retirement System now owns 217,731 shares of the pipeline company’s stock worth $3,081,000 after purchasing an additional 20,725 shares during the period. Ameriflex Group Inc. acquired a new stake in EnLink Midstream in the 4th quarter worth $73,000. Forum Financial Management LP increased its position in shares of EnLink Midstream by 32.1% during the fourth quarter. Forum Financial Management LP now owns 19,521 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 4,745 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in EnLink Midstream by 8.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 504,284 shares of the pipeline company’s stock valued at $7,136,000 after buying an additional 37,725 shares in the last quarter. Finally, Willis Johnson & Associates Inc. bought a new stake in EnLink Midstream during the fourth quarter worth about $159,000. 45.87% of the stock is currently owned by institutional investors.

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.