Two Sigma Advisers LP Increases Stake in EnLink Midstream, LLC (NYSE:ENLC)

Two Sigma Advisers LP grew its stake in shares of EnLink Midstream, LLC (NYSE:ENLC) by 85.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,189,221 shares of the pipeline company’s stock after purchasing an additional 1,008,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.48% of EnLink Midstream worth $30,977,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Segment Wealth Management LLC lifted its stake in EnLink Midstream by 44.8% in the fourth quarter. Segment Wealth Management LLC now owns 208,381 shares of the pipeline company’s stock worth $2,949,000 after acquiring an additional 64,512 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in EnLink Midstream in the 4th quarter worth $2,053,000. SG Americas Securities LLC bought a new position in EnLink Midstream in the 4th quarter worth $114,000. Pacer Advisors Inc. lifted its position in shares of EnLink Midstream by 26.7% in the 4th quarter. Pacer Advisors Inc. now owns 128,009 shares of the pipeline company’s stock worth $1,811,000 after purchasing an additional 26,937 shares during the period. Finally, Caprock Group LLC purchased a new stake in shares of EnLink Midstream in the 4th quarter worth about $284,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of EnLink Midstream in a research report on Thursday, May 15th. They set a “hold” rating for the company. Eleven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.33.

EnLink Midstream Stock Performance

ENLC stock opened at $14.56 on Wednesday. EnLink Midstream, LLC has a 1-year low of $11.83 and a 1-year high of $16.40. The business has a 50-day moving average price of $14.56 and a 200 day moving average price of $14.71. The company has a market capitalization 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.

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.