EnLink Midstream (NYSE:ENLC) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of EnLink Midstream (NYSE:ENLC) in a research report released on Wednesday. The firm issued a hold rating on the pipeline company’s stock.

EnLink Midstream Stock Up 2.9 %

EnLink Midstream stock opened at $14.56 on Wednesday. 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 market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. EnLink Midstream has a twelve month low of $11.83 and a twelve month high of $16.40. The business has a fifty day moving average of $14.56 and a two-hundred day moving average of $14.72.

Institutional Trading of EnLink Midstream

Hedge funds have recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. raised its stake in shares of EnLink Midstream by 5.6% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 10,958,740 shares of the pipeline company’s stock worth $155,066,000 after acquiring an additional 581,493 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in EnLink Midstream by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,869,951 shares of the pipeline company’s stock worth $97,212,000 after purchasing an additional 69,089 shares during the last quarter. Blackstone Inc. increased its position in shares of EnLink Midstream by 36.1% during the fourth quarter. Blackstone Inc. now owns 4,349,618 shares of the pipeline company’s stock worth $61,547,000 after purchasing an additional 1,153,872 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of EnLink Midstream by 31.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 4,167,451 shares of the pipeline company’s stock valued at $58,969,000 after purchasing an additional 991,887 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of EnLink Midstream by 67.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,682,041 shares of the pipeline company’s stock worth $52,101,000 after purchasing an additional 1,482,164 shares in the last quarter. 45.87% of the stock is owned by hedge funds and other institutional investors.

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.