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

StockNews.com began coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report report published on Sunday morning. The brokerage issued a hold rating on the pipeline company’s stock.

EnLink Midstream Stock Performance

Shares of NYSE:ENLC opened at $14.56 on Friday. The business’s 50-day simple moving average is $14.56 and its 200 day simple moving average is $14.74. The company has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. 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 one year low of $11.83 and a one year high of $16.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in 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 purchasing an additional 753 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of EnLink Midstream by 6.1% during the fourth quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock valued at $353,000 after acquiring an additional 1,437 shares in the last quarter. Tidal Investments LLC grew its stake in shares of EnLink Midstream by 9.7% during the third 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. Victory Capital Management Inc. increased its position in shares of EnLink Midstream by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock worth $442,000 after acquiring an additional 2,324 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of EnLink Midstream by 8.5% in the third quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company’s stock worth $473,000 after acquiring an additional 2,362 shares in the last quarter. 45.87% of the stock is owned by institutional investors and hedge funds.

About EnLink Midstream

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.