12,484 Shares in EnLink Midstream, LLC (NYSE:ENLC) Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new position in EnLink Midstream, LLC (NYSE:ENLC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,484 shares of the pipeline company’s stock, valued at approximately $177,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENLC. Venturi Wealth Management LLC acquired a new position in EnLink Midstream in the fourth quarter worth $55,000. Farther Finance Advisors LLC boosted its holdings in EnLink Midstream by 20,947.6% in the fourth quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after purchasing an additional 4,399 shares during the period. SG Americas Securities LLC acquired a new position in EnLink Midstream in the fourth quarter worth $114,000. Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 8,000 shares during the period. Finally, Virtu Financial LLC acquired a new position in EnLink Midstream in the fourth quarter worth $205,000. Institutional investors own 45.87% of the company’s stock.

Wall Street Analyst Weigh In

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

EnLink Midstream Stock Performance

Shares of ENLC opened at $14.56 on Friday. EnLink Midstream, LLC has a 1 year low of $11.83 and a 1 year high of $16.40. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a fifty day moving average of $14.56 and a 200-day moving average of $14.71.

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.