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

StockNews.com initiated coverage on shares of EnLink Midstream (NYSE:ENLC) in a research note issued on Thursday. The brokerage set a “hold” rating on the pipeline company’s stock.

EnLink Midstream Trading Up 2.9%

EnLink Midstream stock opened at $14.56 on Thursday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. EnLink Midstream has a 1 year low of $11.83 and a 1 year high of $16.40. The firm’s 50 day moving average price is $14.56 and its two-hundred day moving average price is $14.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

Hedge Funds Weigh In On EnLink Midstream

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC purchased a new stake in EnLink Midstream during the fourth quarter valued at about $55,000. Farther Finance Advisors LLC raised its holdings in shares of EnLink Midstream by 20,947.6% during the fourth 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 period. Ameriflex Group Inc. purchased a new stake in shares of EnLink Midstream in the 4th quarter valued at approximately $73,000. SG Americas Securities LLC purchased a new position in EnLink Midstream during the 4th quarter worth approximately $114,000. Finally, Larson Financial Group LLC raised its stake in EnLink Midstream by 800.0% during the 4th quarter. Larson Financial Group LLC now owns 9,000 shares of the pipeline company’s stock valued at $127,000 after purchasing an additional 8,000 shares during the period. Institutional investors and hedge funds own 45.87% of the company’s stock.

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.