EnLink Midstream (NYSE:ENLC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note released on Wednesday. The firm issued a hold rating on the pipeline company’s stock.

EnLink Midstream Trading Up 2.9 %

Shares of ENLC opened at $14.56 on Wednesday. The company’s fifty day simple moving average is $14.56 and its 200-day simple moving average is $14.72. 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 current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream has a twelve month low of $11.83 and a twelve month high of $16.40.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in EnLink Midstream by 586.0% in the fourth quarter. Bank of America Corp DE now owns 3,266,206 shares of the pipeline company’s stock worth $46,217,000 after purchasing an additional 2,790,050 shares during the period. Pentwater Capital Management LP bought a new stake in EnLink Midstream during the 4th quarter valued at about $36,436,000. Westwood Holdings Group Inc. boosted its position 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 valued at $52,101,000 after buying an additional 1,482,164 shares during the period. Blackstone Inc. grew its stake in EnLink Midstream by 36.1% in the 4th quarter. Blackstone Inc. now owns 4,349,618 shares of the pipeline company’s stock worth $61,547,000 after acquiring an additional 1,153,872 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of EnLink Midstream by 85.4% during the fourth quarter. Two Sigma Advisers LP now owns 2,189,221 shares of the pipeline company’s stock worth $30,977,000 after acquiring an additional 1,008,200 shares during the period. Hedge funds and other institutional investors own 45.87% of the company’s stock.

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.