Pictet Asset Management Holding SA Raises Holdings in EnLink Midstream, LLC (NYSE:ENLC)

Pictet Asset Management Holding SA lifted its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 29.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,168 shares of the pipeline company’s stock after acquiring an additional 8,401 shares during the quarter. Pictet Asset Management Holding SA’s holdings in EnLink Midstream were worth $526,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC grew its holdings in EnLink Midstream by 6.1% during the 4th quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock worth $353,000 after acquiring an additional 1,437 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of EnLink Midstream by 9.7% during the third quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock valued at $266,000 after purchasing an additional 1,623 shares in the last quarter. Victory Capital Management Inc. increased its holdings in EnLink Midstream by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock valued at $442,000 after buying an additional 2,324 shares during the period. Sanctuary Advisors LLC raised its stake in EnLink Midstream by 8.5% in the third quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company’s stock worth $473,000 after buying an additional 2,362 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in EnLink Midstream by 2.5% during the fourth quarter. Hodges Capital Management Inc. now owns 138,522 shares of the pipeline company’s stock worth $1,960,000 after buying an additional 3,313 shares during the period. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Up 2.9 %

ENLC stock opened at $14.56 on Wednesday. The stock has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream, LLC has a 52 week low of $11.83 and a 52 week high of $16.40. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. The firm has a 50 day moving average of $14.55 and a 200 day moving average of $14.74.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on EnLink Midstream in a research report on Saturday. They issued a “hold” rating for the company. Eleven 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 company’s stock. Based on data from MarketBeat, EnLink Midstream has an average rating of “Hold” and a consensus 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.