Virtu Financial LLC Acquires New Stake in EnLink Midstream, LLC (NYSE:ENLC)

Virtu Financial LLC bought a new position in EnLink Midstream, LLC (NYSE:ENLC) in the fourth quarter, HoldingsChannel.com reports. The firm bought 14,482 shares of the pipeline company’s stock, valued at approximately $205,000.

A number of other large investors have also recently added to or reduced their stakes in ENLC. Venturi Wealth Management LLC acquired a new position in shares of EnLink Midstream during the fourth quarter worth about $55,000. Farther Finance Advisors LLC boosted its position in EnLink Midstream by 20,947.6% during the 4th 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of EnLink Midstream during the 3rd quarter worth approximately $98,000. Icon Wealth Advisors LLC bought a new position in shares of EnLink Midstream during the 3rd quarter worth approximately $107,000. Finally, SG Americas Securities LLC acquired a new stake in shares of EnLink Midstream in the fourth quarter valued at approximately $114,000. Institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Performance

Shares of NYSE 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 firm has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The stock’s fifty day moving average price is $14.58 and its two-hundred day moving average price is $14.74. EnLink Midstream, LLC has a one year low of $11.83 and a one year high of $16.40.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of EnLink Midstream in a research note on Friday. They issued a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.40.

EnLink Midstream 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.