OppenheimerFunds Inc. bought a new position in shares of EnLink Midstream (NYSE:ENLC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 31,600 shares of the pipeline company’s stock, valued at approximately $556,000.
A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. grew its stake in EnLink Midstream by 29.3% during the 4th quarter. BlackRock Inc. now owns 382,276 shares of the pipeline company’s stock worth $6,728,000 after buying an additional 86,738 shares during the last quarter. Capital Fund Management S.A. purchased a new position in EnLink Midstream during the 4th quarter worth $317,000. Global X Management Co. LLC grew its stake in EnLink Midstream by 15.6% during the 4th quarter. Global X Management Co. LLC now owns 665,146 shares of the pipeline company’s stock worth $11,707,000 after buying an additional 89,822 shares during the last quarter. Catalyst Capital Advisors LLC grew its stake in EnLink Midstream by 3.1% during the 4th quarter. Catalyst Capital Advisors LLC now owns 944,000 shares of the pipeline company’s stock worth $16,614,000 after buying an additional 28,175 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in EnLink Midstream during the 4th quarter worth $377,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.
A number of analysts have commented on the company. Credit Suisse Group assumed coverage on EnLink Midstream in a research report on Thursday, January 4th. They set a “neutral” rating and a $19.00 price target for the company. Bank of America assumed coverage on EnLink Midstream in a research report on Tuesday, January 9th. They set a “neutral” rating for the company. UBS lowered their price target on EnLink Midstream from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. Jefferies Group reaffirmed a “hold” rating and set a $16.00 price target on shares of EnLink Midstream in a research report on Friday, January 12th. Finally, B. Riley assumed coverage on EnLink Midstream in a research report on Friday, January 26th. They set a “neutral” rating and a $18.00 price target for the company. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. EnLink Midstream presently has an average rating of “Hold” and an average target price of $18.07.
EnLink Midstream stock opened at $15.15 on Thursday. The stock has a market capitalization of $2,658.98, a PE ratio of 367.50 and a beta of 2.58. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.64. EnLink Midstream has a fifty-two week low of $14.25 and a fifty-two week high of $20.00.
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EnLink Midstream Profile
EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, exporting, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, and trans-loading crude oil, and condensate.
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