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

StockNews.com initiated coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the pipeline company’s stock.

EnLink Midstream Stock Performance

Shares of NYSE ENLC 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 PE ratio of 69.33 and a beta of 2.43. The company has a 50-day simple moving average of $14.56 and a 200-day simple moving average of $14.74. EnLink Midstream has a 12 month low of $11.83 and a 12 month high of $16.40.

Institutional Investors Weigh In On EnLink Midstream

Several hedge funds have recently made changes to their positions in ENLC. California State Teachers Retirement System lifted its position in EnLink Midstream by 10.5% during the fourth quarter. California State Teachers Retirement System now owns 217,731 shares of the pipeline company’s stock worth $3,081,000 after buying an additional 20,725 shares during the period. Ameriflex Group Inc. purchased a new position in shares of EnLink Midstream during the 4th quarter worth about $73,000. Forum Financial Management LP boosted its position in shares of EnLink Midstream by 32.1% in the fourth quarter. Forum Financial Management LP now owns 19,521 shares of the pipeline company’s stock worth $276,000 after acquiring 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% in the fourth 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 purchasing an additional 37,725 shares during the period. Finally, Willis Johnson & Associates Inc. acquired a new position in EnLink Midstream during the fourth quarter worth approximately $159,000. Institutional investors and hedge funds own 45.87% of the company’s stock.

About EnLink Midstream

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.