Evergreen Capital Management LLC Sells 90,785 Shares of EnLink Midstream, LLC (NYSE:ENLC)

Evergreen Capital Management LLC cut its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 853,295 shares of the pipeline company’s stock after selling 90,785 shares during the quarter. Evergreen Capital Management LLC owned approximately 0.19% of EnLink Midstream worth $12,074,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its holdings in EnLink Midstream by 44.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 3,109,177 shares of the pipeline company’s stock valued at $45,052,000 after purchasing an additional 960,577 shares during the last quarter. Miller Howard Investments Inc. NY increased its holdings in shares of EnLink Midstream by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 2,320,292 shares of the pipeline company’s stock worth $32,832,000 after buying an additional 33,025 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of EnLink Midstream by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,506,362 shares of the pipeline company’s stock valued at $21,315,000 after acquiring an additional 18,285 shares during the last quarter. State Street Corp boosted its holdings in shares of EnLink Midstream by 1.0% in the 3rd quarter. State Street Corp now owns 557,629 shares of the pipeline company’s stock worth $8,091,000 after acquiring an additional 5,573 shares in the last quarter. Finally, Swiss National Bank grew its position in EnLink Midstream by 12.8% during the 4th quarter. Swiss National Bank now owns 496,923 shares of the pipeline company’s stock worth $7,031,000 after acquiring an additional 56,400 shares during the last quarter. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Price Performance

EnLink Midstream stock opened at $14.56 on Wednesday. The business’s 50-day simple moving average is $14.56 and its 200 day simple moving average is $14.74. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. EnLink Midstream, LLC has a 12-month low of $11.83 and a 12-month high of $16.40.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on EnLink Midstream in a research report on Sunday. They issued a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EnLink Midstream presently has a consensus rating of “Hold” and an average price target of $15.40.

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.