EnLink Midstream, LLC (NYSE:ENLC) Position Lessened by Dividend Assets Capital LLC

Dividend Assets Capital LLC lowered its holdings in shares of EnLink Midstream, LLC (NYSE:ENLC) by 10.1% during the fourth quarter, Holdings Channel reports. The firm owned 68,355 shares of the pipeline company’s stock after selling 7,683 shares during the period. Dividend Assets Capital LLC’s holdings in EnLink Midstream were worth $967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alberta Investment Management Corp bought a new position in EnLink Midstream in the 4th quarter worth approximately $1,415,000. Atria Wealth Solutions Inc. acquired a new stake in shares of EnLink Midstream in the 4th quarter valued at $272,000. Venturi Wealth Management LLC bought a new stake in EnLink Midstream during the fourth quarter worth about $55,000. Sanctuary Advisors LLC increased its holdings in EnLink Midstream by 22.8% during the 4th quarter. Sanctuary Advisors LLC now owns 36,883 shares of the pipeline company’s stock valued at $521,000 after purchasing an additional 6,852 shares in the last quarter. Finally, Lee Financial Co increased its stake in shares of EnLink Midstream by 4.3% in the fourth quarter. Lee Financial Co now owns 99,535 shares of the pipeline company’s stock valued at $1,408,000 after buying an additional 4,086 shares in the last quarter. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Stock Performance

Shares of ENLC stock opened at $14.56 on Friday. 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 has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. EnLink Midstream, LLC has a one year low of $11.55 and a one year high of $16.40. The firm has a 50-day moving average of $14.51 and a 200-day moving average of $14.50.

Analyst Ratings Changes

ENLC has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. Raymond James cut EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. StockNews.com assumed coverage on shares of EnLink Midstream in a research report on Sunday, February 16th. They issued a “hold” rating on the stock. Mizuho reaffirmed a “neutral” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, October 31st. Finally, US Capital Advisors lowered EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EnLink Midstream presently has an average rating of “Hold” and a consensus price target of $15.40.

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.