EnLink Midstream, LLC (NYSE:ENLC) Shares Acquired by Palo Duro Investment Partners LP

Palo Duro Investment Partners LP increased its stake in EnLink Midstream, LLC (NYSE:ENLC) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 554,553 shares of the pipeline company’s stock after purchasing an additional 5,332 shares during the period. EnLink Midstream accounts for about 2.3% of Palo Duro Investment Partners LP’s portfolio, making the stock its 7th largest position. Palo Duro Investment Partners LP owned about 0.12% of EnLink Midstream worth $7,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ENLC. Tidal Investments LLC boosted its holdings in shares of EnLink Midstream by 9.7% in 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 during the last quarter. Spring Capital Management LLC acquired a new stake in EnLink Midstream during the fourth quarter worth about $283,000. Segment Wealth Management LLC lifted its holdings in EnLink Midstream by 44.8% in the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock valued at $2,949,000 after acquiring an additional 64,512 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new stake in EnLink Midstream in the 4th quarter worth approximately $2,053,000. Finally, SG Americas Securities LLC acquired a new position in shares of EnLink Midstream in the 4th quarter valued at $114,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of EnLink Midstream in a research note on Wednesday, May 7th. They set a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.33.

EnLink Midstream Trading Up 2.9%

ENLC opened at $14.56 on Wednesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. The company’s 50 day simple moving average is $14.56 and its two-hundred day simple moving average is $14.72. The firm has a market capitalization of $6.65 billion, a price-to-earnings 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.

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.