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

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

EnLink Midstream Price Performance

Shares of NYSE:ENLC opened at $14.56 on Thursday. The business’s fifty day moving average price is $14.56 and its two-hundred day moving average price is $14.72. The stock has a market cap of $6.65 billion, a PE 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 Investors Weigh In On EnLink Midstream

A number of large investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its holdings in EnLink Midstream by 10.5% during the 4th quarter. California State Teachers Retirement System now owns 217,731 shares of the pipeline company’s stock valued at $3,081,000 after buying an additional 20,725 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in EnLink Midstream during the 4th quarter valued at $73,000. Forum Financial Management LP grew its holdings in EnLink Midstream by 32.1% during the 4th quarter. Forum Financial Management LP now owns 19,521 shares of the pipeline company’s stock valued at $276,000 after buying an additional 4,745 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in EnLink Midstream by 8.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 504,284 shares of the pipeline company’s stock valued at $7,136,000 after buying an additional 37,725 shares during the last quarter. Finally, Willis Johnson & Associates Inc. acquired a new stake in EnLink Midstream during the 4th quarter valued at $159,000. Institutional investors and hedge funds 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.