Wells Fargo & Company MN Lowers Stock Holdings in EnLink Midstream, LLC (NYSE:ENLC)

Wells Fargo & Company MN lessened its holdings in shares of EnLink Midstream, LLC (NYSE:ENLC) by 23.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 394,224 shares of the pipeline company’s stock after selling 119,833 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of EnLink Midstream worth $5,578,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ENLC. Venturi Wealth Management LLC purchased a new position in EnLink Midstream during the fourth quarter worth about $55,000. Farther Finance Advisors LLC increased its stake in shares of EnLink Midstream by 20,947.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 4,399 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of EnLink Midstream during the 3rd quarter worth about $98,000. SG Americas Securities LLC acquired a new stake in shares of EnLink Midstream in the fourth quarter worth approximately $114,000. Finally, Larson Financial Group LLC boosted its position in shares of EnLink Midstream by 800.0% in the fourth quarter. Larson Financial Group LLC now owns 9,000 shares of the pipeline company’s stock worth $127,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 45.87% of the company’s stock.

EnLink Midstream Trading Up 2.9 %

Shares of ENLC opened at $14.56 on Friday. 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, LLC has a 12 month low of $11.83 and a 12 month high of $16.40. The stock has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The stock’s 50-day moving average is $14.56 and its two-hundred day moving average is $14.73.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of EnLink Midstream in a research report on Sunday, April 13th. They set a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.33.

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.