EnLink Midstream (NYSE:ENLC – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
ENLC has been the subject of a number of other research reports. Citigroup upped their price objective on shares of EnLink Midstream from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of EnLink Midstream from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company raised shares of EnLink Midstream from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $13.00 to $17.00 in a research report on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.33.
Get Our Latest Stock Report on ENLC
EnLink Midstream Price Performance
Hedge Funds Weigh In On EnLink Midstream
Institutional investors have recently added to or reduced their stakes in the stock. First Dallas Securities Inc. grew its position in EnLink Midstream by 0.6% during the second quarter. First Dallas Securities Inc. now owns 158,598 shares of the pipeline company’s stock valued at $2,182,000 after acquiring an additional 960 shares during the last quarter. Van ECK Associates Corp boosted its stake in EnLink Midstream by 73.8% in the 2nd quarter. Van ECK Associates Corp now owns 63,465 shares of the pipeline company’s stock worth $873,000 after purchasing an additional 26,952 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of EnLink Midstream by 52.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 82,336 shares of the pipeline company’s stock valued at $1,133,000 after acquiring an additional 28,264 shares during the last quarter. Callahan Advisors LLC lifted its position in EnLink Midstream by 8.7% in the second quarter. Callahan Advisors LLC now owns 12,500 shares of the pipeline company’s stock worth $172,000 after buying an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in EnLink Midstream by 4.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,703 shares of the pipeline company’s stock worth $766,000 after purchasing an additional 2,213 shares during the period. Institutional investors 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.
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