EnLink Midstream, LLC (NYSE:ENLC) Shares Purchased by Lee Financial Co

Lee Financial Co raised its position in EnLink Midstream, LLC (NYSE:ENLC) by 4.3% during the fourth quarter, Holdings Channel reports. The firm owned 99,535 shares of the pipeline company’s stock after buying an additional 4,086 shares during the quarter. Lee Financial Co’s holdings in EnLink Midstream were worth $1,408,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of EnLink Midstream by 100.8% in the third quarter. Van ECK Associates Corp now owns 127,462 shares of the pipeline company’s stock valued at $1,883,000 after purchasing an additional 63,997 shares in the last quarter. Segment Wealth Management LLC boosted its position in EnLink Midstream by 44.8% in the 4th quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock valued at $2,949,000 after buying an additional 64,512 shares during the period. Pacer Advisors Inc. grew its stake 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 acquiring an additional 26,937 shares in the last quarter. Walleye Capital LLC increased its position in shares of EnLink Midstream by 1,829.6% during the third quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock worth $4,095,000 after acquiring an additional 267,619 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of EnLink Midstream by 268.0% in the third quarter. Wellington Management Group LLP now owns 402,099 shares of the pipeline company’s stock valued at $5,834,000 after acquiring an additional 292,833 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ENLC. US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. StockNews.com assumed coverage on EnLink Midstream in a research report on Sunday. They set a “hold” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $15.00 target price on shares of EnLink Midstream in a report on Thursday, November 21st. Mizuho reiterated a “neutral” rating and issued a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, October 31st. Finally, Raymond James downgraded shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.40.

EnLink Midstream Trading Up 2.9 %

NYSE ENLC opened at $14.56 on Friday. The firm’s fifty day moving average price is $14.52 and its 200 day moving average price is $14.48. EnLink Midstream, LLC has a 12 month low of $11.55 and a 12 month high of $16.40. 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 capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43.

EnLink Midstream Company Profile

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.