Rockefeller Capital Management L.P. Acquires New Holdings in EnLink Midstream, LLC (NYSE:ENLC)

Rockefeller Capital Management L.P. bought a new position in shares of EnLink Midstream, LLC (NYSE:ENLC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,511 shares of the pipeline company’s stock, valued at approximately $955,000.

Several other institutional investors and hedge funds also recently modified their holdings of ENLC. State Street Corp lifted its stake in EnLink Midstream by 1.0% in the 3rd quarter. State Street Corp now owns 557,629 shares of the pipeline company’s stock valued at $8,091,000 after buying an additional 5,573 shares in the last quarter. Sanctuary Advisors LLC increased its position in EnLink Midstream by 8.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company’s stock worth $473,000 after purchasing an additional 2,362 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in EnLink Midstream in the 3rd quarter valued at about $98,000. Tidal Investments LLC raised its position in shares of EnLink Midstream by 9.7% in the third quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock valued at $266,000 after buying an additional 1,623 shares during the last quarter. Finally, Spring Capital Management LLC purchased a new position in shares of EnLink Midstream during the fourth quarter valued at approximately $283,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on EnLink Midstream in a research note on Monday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EnLink Midstream currently has an average rating of “Hold” and a consensus target price of $15.33.

EnLink Midstream Price Performance

ENLC opened at $14.56 on Tuesday. EnLink Midstream, LLC has a 52-week low of $11.83 and a 52-week high of $16.40. The company has a 50 day moving average of $14.56 and a two-hundred day moving average of $14.73. The company 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 quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30.

About EnLink Midstream

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.