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

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

A number of other brokerages have also recently issued reports on ENLC. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, November 21st. US Capital Advisors cut shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.40.

EnLink Midstream Stock Up 2.9 %

Shares of NYSE ENLC opened at $14.56 on Thursday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company has a 50-day moving average price of $14.63 and a 200-day moving average price of $14.73. EnLink Midstream has a 1 year low of $11.83 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ENLC. Ameriprise Financial Inc. raised its position in EnLink Midstream by 5.2% in the fourth quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock worth $216,000 after acquiring an additional 753 shares during the period. HighTower Advisors LLC raised its position in EnLink Midstream by 6.1% in the fourth quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock worth $353,000 after acquiring an additional 1,437 shares during the period. Citigroup Inc. raised its position in EnLink Midstream by 0.6% in the third quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock worth $3,885,000 after acquiring an additional 1,473 shares during the period. Tidal Investments LLC raised its position in EnLink Midstream by 9.7% in the third quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock worth $266,000 after acquiring an additional 1,623 shares during the period. Finally, Victory Capital Management Inc. raised its position in EnLink Midstream by 8.0% in 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 period. 45.87% of the stock is owned by 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.