Willis Johnson & Associates Inc. Takes $159,000 Position in EnLink Midstream, LLC (NYSE:ENLC)

Willis Johnson & Associates Inc. acquired a new stake in shares of EnLink Midstream, LLC (NYSE:ENLC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,211 shares of the pipeline company’s stock, valued at approximately $159,000.

A number of other institutional investors have also recently made changes to their positions in ENLC. Venturi Wealth Management LLC purchased a new stake in EnLink Midstream in the fourth quarter worth $55,000. Farther Finance Advisors LLC lifted its stake in EnLink Midstream by 20,947.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after acquiring an additional 4,399 shares during the period. SG Americas Securities LLC purchased a new stake in EnLink Midstream in the fourth quarter worth $114,000. Larson Financial Group LLC lifted its stake in EnLink Midstream by 800.0% in the fourth quarter. Larson Financial Group LLC now owns 9,000 shares of the pipeline company’s stock worth $127,000 after acquiring an additional 8,000 shares during the period. Finally, Deerfield Management Company L.P. Series C purchased a new stake in EnLink Midstream in the fourth quarter worth $145,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Performance

Shares of EnLink Midstream stock opened at $14.56 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The business has a fifty day simple moving average of $14.56 and a two-hundred day simple moving average of $14.71. EnLink Midstream, LLC has a 12 month low of $11.83 and a 12 month high of $16.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on EnLink Midstream in a research report on Thursday, May 15th. They set a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EnLink Midstream has an average rating of “Hold” and an average target price of $15.33.

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.