Dimensional Fund Advisors LP Purchases 69,089 Shares of EnLink Midstream, LLC (NYSE:ENLC)

Dimensional Fund Advisors LP raised its position in EnLink Midstream, LLC (NYSE:ENLC) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,869,951 shares of the pipeline company’s stock after buying an additional 69,089 shares during the quarter. Dimensional Fund Advisors LP’s holdings in EnLink Midstream were worth $97,212,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new position in EnLink Midstream in the 4th quarter valued at about $55,000. Farther Finance Advisors LLC increased its holdings in EnLink Midstream by 20,947.6% in the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock valued at $63,000 after buying an additional 4,399 shares during the period. Wilmington Savings Fund Society FSB bought a new position in EnLink Midstream in the 3rd quarter valued at about $98,000. SG Americas Securities LLC bought a new stake in shares of EnLink Midstream during the 4th quarter valued at approximately $114,000. Finally, Larson Financial Group LLC grew its holdings in shares of EnLink Midstream by 800.0% during the 4th quarter. Larson Financial Group LLC now owns 9,000 shares of the pipeline company’s stock valued at $127,000 after purchasing an additional 8,000 shares during the last quarter. 45.87% of the stock is owned by institutional investors.

EnLink Midstream Stock Up 2.9 %

NYSE:ENLC opened at $14.56 on Tuesday. The firm’s 50 day simple moving average is $14.56 and its 200 day simple moving average is $14.73. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42. EnLink Midstream, LLC has a one year low of $11.83 and a one year high of $16.40. The company has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of EnLink Midstream in a report on Tuesday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.33.

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.