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

StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a report issued on Friday. The firm issued a hold rating on the pipeline company’s stock.

EnLink Midstream Stock Performance

Shares of ENLC stock opened at $14.56 on Friday. EnLink Midstream has a 52 week low of $11.83 and a 52 week high of $16.40. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The company has a 50-day simple moving average of $14.58 and a 200 day simple moving average of $14.73. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ENLC. Venturi Wealth Management LLC bought a new stake in shares of EnLink Midstream during the fourth quarter worth $55,000. Farther Finance Advisors LLC boosted its holdings in shares of EnLink Midstream by 20,947.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 4,399 shares in the last quarter. Ameriflex Group Inc. bought a new stake in EnLink Midstream during the 4th quarter worth $73,000. Wilmington Savings Fund Society FSB acquired a new position in EnLink Midstream in the 3rd quarter worth about $98,000. Finally, Icon Wealth Advisors LLC bought a new position in EnLink Midstream in the third quarter valued at about $107,000. 45.87% of the stock is currently owned by institutional investors and hedge funds.

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.