EnLink Midstream, LLC (NYSE:ENLC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of EnLink Midstream, LLC (NYSE:ENLC) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,282 shares of the pipeline company’s stock after selling 14,842 shares during the period. Corient Private Wealth LLC’s holdings in EnLink Midstream were worth $485,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ENLC. Swiss National Bank raised its position in shares of EnLink Midstream by 12.8% during the 4th quarter. Swiss National Bank now owns 496,923 shares of the pipeline company’s stock valued at $7,031,000 after acquiring an additional 56,400 shares in the last quarter. Farther Finance Advisors LLC increased its stake in EnLink Midstream by 20,947.6% during the fourth 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 last quarter. HighTower Advisors LLC lifted its position in shares of EnLink Midstream by 6.1% in the 4th quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock worth $353,000 after buying an additional 1,437 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of EnLink Midstream by 31.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,321 shares of the pipeline company’s stock valued at $1,037,000 after buying an additional 17,618 shares during the period. Finally, Larson Financial Group LLC grew its position 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 buying an additional 8,000 shares during the last quarter. 45.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on EnLink Midstream in a research note on Friday. They issued a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EnLink Midstream presently has a consensus rating of “Hold” and a consensus target price of $15.40.

EnLink Midstream Price Performance

ENLC opened at $14.56 on Friday. 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 stock has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company’s 50 day simple moving average is $14.58 and its 200-day simple moving average is $14.74. EnLink Midstream, LLC has a one year low of $11.83 and a one year high of $16.40.

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.