EnLink Midstream (NYSE:ENLC) Coverage Initiated at StockNews.com

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

A number of other brokerages have also recently issued reports on ENLC. Raymond James cut EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $15.00 price target on shares of EnLink Midstream in a report on Thursday, November 21st. Eleven equities 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.40.

EnLink Midstream Stock Up 2.9 %

Shares of NYSE:ENLC opened at $14.56 on Tuesday. 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 has a 1 year low of $11.55 and a 1 year high of $16.40. The stock has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The stock has a 50-day simple moving average of $14.56 and a 200-day simple moving average of $14.64.

Hedge Funds Weigh In On EnLink Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of EnLink Midstream by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock valued at $216,000 after buying an additional 753 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of EnLink Midstream by 6.1% during the 4th quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock valued at $353,000 after buying an additional 1,437 shares during the last quarter. Citigroup Inc. raised its position in shares of EnLink Midstream by 0.6% during the 3rd quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock valued at $3,885,000 after acquiring an additional 1,473 shares in the last quarter. Tidal Investments LLC raised its position in shares of EnLink Midstream by 9.7% during the 3rd quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock valued at $266,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of EnLink Midstream by 13.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,090 shares of the pipeline company’s stock valued at $233,000 after acquiring an additional 1,958 shares in the last quarter. 45.87% of the stock is currently owned by hedge funds and other 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.