Willis Johnson & Associates Inc. Takes Position in EnLink Midstream, LLC (NYSE:ENLC)

Willis Johnson & Associates Inc. purchased a new stake in shares of EnLink Midstream, LLC (NYSE:ENLC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,211 shares of the pipeline company’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vident Advisory LLC bought a new position in shares of EnLink Midstream during the fourth quarter valued at $1,551,000. Westwood Holdings Group Inc. increased its holdings in EnLink Midstream by 67.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,682,041 shares of the pipeline company’s stock worth $52,101,000 after buying an additional 1,482,164 shares in the last quarter. Two Sigma Advisers LP increased its holdings in EnLink Midstream by 85.4% in the 4th quarter. Two Sigma Advisers LP now owns 2,189,221 shares of the pipeline company’s stock worth $30,977,000 after buying an additional 1,008,200 shares in the last quarter. Two Sigma Investments LP increased its holdings in EnLink Midstream by 5.0% in the 4th quarter. Two Sigma Investments LP now owns 1,130,030 shares of the pipeline company’s stock worth $15,990,000 after buying an additional 54,314 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in EnLink Midstream by 79.2% in the 4th quarter. ProShare Advisors LLC now owns 37,166 shares of the pipeline company’s stock worth $526,000 after buying an additional 16,423 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on EnLink Midstream in a report on Thursday, May 15th. They issued a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.33.

EnLink Midstream Trading Up 2.9%

Shares of NYSE:ENLC opened at $14.56 on Wednesday. The stock 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 debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The stock’s 50-day simple moving average is $14.56 and its two-hundred day simple moving average is $14.71. EnLink Midstream, LLC has a 52-week low of $11.83 and a 52-week high of $16.40.

EnLink Midstream 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.