Entropy Technologies LP Grows Stake in EnLink Midstream, LLC (NYSE:ENLC)

Entropy Technologies LP increased its holdings in EnLink Midstream, LLC (NYSE:ENLC) by 82.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,406 shares of the pipeline company’s stock after buying an additional 47,715 shares during the period. Entropy Technologies LP’s holdings in EnLink Midstream were worth $1,491,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ENLC. Hodges Capital Management Inc. increased its stake in EnLink Midstream by 2.5% in the 4th quarter. Hodges Capital Management Inc. now owns 138,522 shares of the pipeline company’s stock worth $1,960,000 after acquiring an additional 3,313 shares during the last quarter. Caprock Group LLC bought a new position in shares of EnLink Midstream in the fourth quarter worth approximately $284,000. Pacer Advisors Inc. increased its position in shares of EnLink Midstream by 26.7% in the fourth quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after purchasing an additional 26,937 shares during the last quarter. SG Americas Securities LLC purchased a new stake in EnLink Midstream in the fourth quarter valued at approximately $114,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in EnLink Midstream during the fourth quarter valued at approximately $2,053,000. Institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Up 2.9 %

Shares of EnLink Midstream stock opened at $14.56 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream, LLC has a 12-month low of $11.55 and a 12-month high of $16.40. The company has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company’s fifty day simple moving average is $14.61 and its two-hundred day simple moving average is $14.45.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho reissued a “neutral” rating and issued a $15.00 price target on shares of EnLink Midstream in a report on Thursday, October 31st. US Capital Advisors downgraded EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, November 21st. Raymond James cut EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Finally, StockNews.com began coverage on shares of EnLink Midstream in a research report on Saturday. They set a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.