EnLink Midstream, LLC (NYSE:ENLC) Stock Position Raised by HighTower Advisors LLC

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in EnLink Midstream by 31.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,321 shares of the pipeline company’s stock worth $1,037,000 after purchasing an additional 17,618 shares in the last quarter. Larson Financial Group LLC increased its position in shares of EnLink Midstream by 800.0% in the fourth quarter. Larson Financial Group LLC now owns 9,000 shares of the pipeline company’s stock worth $127,000 after acquiring an additional 8,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EnLink Midstream during the fourth quarter valued at approximately $2,688,000. Arizona State Retirement System lifted its position in shares of EnLink Midstream by 12.8% in the 4th quarter. Arizona State Retirement System now owns 73,323 shares of the pipeline company’s stock valued at $1,038,000 after acquiring an additional 8,348 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of EnLink Midstream by 8.0% in the 4th quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock valued at $442,000 after acquiring an additional 2,324 shares in the last quarter. 45.87% of the stock is owned by institutional investors and hedge funds.

EnLink Midstream Trading Up 2.9 %

NYSE ENLC opened at $14.56 on Wednesday. The company has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream, LLC has a 1-year low of $11.83 and a 1-year 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 firm’s fifty day simple moving average is $14.54 and its 200-day simple moving average is $14.74.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of EnLink Midstream in a research note on Friday, March 28th. They set a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.