American Century Companies Inc. Decreases Stake in EnLink Midstream, LLC (NYSE:ENLC)

American Century Companies Inc. lowered its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,526,950 shares of the pipeline company’s stock after selling 48,024 shares during the period. American Century Companies Inc.’s holdings in EnLink Midstream were worth $21,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Citigroup Inc. grew its holdings in EnLink Midstream by 0.6% in the third quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock valued at $3,885,000 after purchasing an additional 1,473 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of EnLink Midstream by 121.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 466,559 shares of the pipeline company’s stock worth $6,770,000 after buying an additional 255,855 shares in the last quarter. Walleye Capital LLC increased its holdings in EnLink Midstream by 1,829.6% during the 3rd quarter. Walleye Capital LLC now owns 282,246 shares of the pipeline company’s stock valued at $4,095,000 after acquiring an additional 267,619 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of EnLink Midstream in the third quarter worth $107,000. Finally, Merewether Investment Management LP purchased a new stake in shares of EnLink Midstream in the third quarter valued at $64,477,000. 45.87% of the stock is currently owned by institutional investors and hedge funds.

EnLink Midstream Trading Up 2.9 %

Shares of ENLC stock opened at $14.56 on Monday. EnLink Midstream, LLC has a 1-year low of $11.83 and a 1-year high of $16.40. The firm’s 50-day simple moving average is $14.58 and its 200-day simple moving average is $14.74. The firm has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.42 and a quick ratio of 0.42.

Wall Street Analyst Weigh In

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

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.