EnLink Midstream, LLC (NYSE:ENLC) Stock Holdings Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 22.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,883 shares of the pipeline company’s stock after acquiring an additional 6,852 shares during the period. Sanctuary Advisors LLC’s holdings in EnLink Midstream were worth $521,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ENLC. Wilmington Savings Fund Society FSB bought a new position in shares of EnLink Midstream during the third quarter worth about $98,000. Icon Wealth Advisors LLC bought a new position in EnLink Midstream in the 3rd quarter worth approximately $107,000. SG Americas Securities LLC bought a new position in EnLink Midstream in the 4th quarter worth approximately $114,000. EP Wealth Advisors LLC bought a new position in EnLink Midstream in the 3rd quarter worth approximately $174,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in EnLink Midstream by 13.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,090 shares of the pipeline company’s stock worth $233,000 after buying an additional 1,958 shares in the last quarter. Institutional investors own 45.87% of the company’s stock.

Analysts Set New Price Targets

ENLC has been the subject of a number of recent analyst reports. Raymond James lowered EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, November 21st. StockNews.com assumed coverage on shares of EnLink Midstream in a research report on Monday, February 24th. They issued a “hold” rating for the company. Finally, US Capital Advisors lowered shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eleven equities research 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. According to MarketBeat, EnLink Midstream currently has an average rating of “Hold” and an average price target of $15.40.

EnLink Midstream Stock Performance

NYSE:ENLC opened at $14.56 on Friday. EnLink Midstream, LLC has a twelve month low of $11.55 and a twelve month high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The company has a 50-day moving average of $14.55 and a 200-day moving average of $14.61. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43.

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.