Swiss National Bank continued to hold its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,023 shares of the pipeline company’s stock at the end of the first quarter. Swiss National Bank’s holdings in EnLink Midstream were worth $1,746,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ENLC. Dimensional Fund Advisors LP increased its stake in shares of EnLink Midstream by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,884,476 shares of the pipeline company’s stock worth $35,900,000 after buying an additional 276,379 shares during the last quarter. Chickasaw Capital Management LLC increased its stake in shares of EnLink Midstream by 1.6% in the first quarter. Chickasaw Capital Management LLC now owns 15,556,030 shares of the pipeline company’s stock worth $301,787,000 after buying an additional 243,471 shares during the last quarter. Norges Bank acquired a new stake in shares of EnLink Midstream during the fourth quarter worth about $2,631,000. Great West Life Assurance Co. Can increased its stake in shares of EnLink Midstream by 2,201.2% in the first quarter. Great West Life Assurance Co. Can now owns 134,206 shares of the pipeline company’s stock worth $2,605,000 after buying an additional 128,374 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC acquired a new stake in shares of EnLink Midstream during the fourth quarter worth about $1,920,000. 33.01% of the stock is owned by hedge funds and other institutional investors.
EnLink Midstream, LLC (NYSE:ENLC) opened at 16.95 on Monday. The firm has a 50-day moving average price of $17.32 and a 200 day moving average price of $18.53. EnLink Midstream, LLC has a 52-week low of $14.70 and a 52-week high of $20.45. The firm’s market capitalization is $3.06 billion.
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ENLC has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $21.00 target price on shares of EnLink Midstream in a research report on Friday, April 21st. Credit Suisse Group lifted their target price on EnLink Midstream from $18.00 to $19.00 and gave the company an “underperform” rating in a research report on Friday, April 7th. Guggenheim initiated coverage on EnLink Midstream in a research report on Monday, April 17th. They issued a “neutral” rating and a $18.00 target price for the company. Janney Montgomery Scott initiated coverage on EnLink Midstream in a research report on Friday, March 10th. They issued a “neutral” rating and a $21.00 target price for the company. Finally, TheStreet raised EnLink Midstream from a “d” rating to a “c-” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.18.
About EnLink Midstream
EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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