EnLink Midstream (NYSE:ENLC) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note released on Friday morning. The brokerage issued a hold rating on the pipeline company’s stock.

EnLink Midstream Stock Performance

NYSE ENLC opened at $14.56 on Friday. 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 has a twelve month low of $11.83 and a twelve month high of $16.40. The stock has a fifty day simple moving average of $14.58 and a 200 day simple moving average of $14.73. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30.

Hedge Funds Weigh In On EnLink Midstream

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC bought a new stake in EnLink Midstream during the fourth quarter valued at $55,000. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 4,399 shares during the period. Ameriflex Group Inc. bought a new stake in shares of EnLink Midstream during the 4th quarter valued at about $73,000. Wilmington Savings Fund Society FSB acquired a new stake in EnLink Midstream during the third quarter worth approximately $98,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of EnLink Midstream during the 3rd quarter worth approximately $107,000. 45.87% of the stock is owned by institutional investors and hedge funds.

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.