Cetera Investment Advisers Acquires 5,713 Shares of EnLink Midstream, LLC (NYSE:ENLC)

Cetera Investment Advisers lifted its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,953 shares of the pipeline company’s stock after buying an additional 5,713 shares during the quarter. Cetera Investment Advisers’ holdings in EnLink Midstream were worth $1,811,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of EnLink Midstream by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 15,261 shares of the pipeline company’s stock valued at $216,000 after buying an additional 753 shares during the period. HighTower Advisors LLC increased its stake in shares of EnLink Midstream by 6.1% during the fourth quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock valued at $353,000 after buying an additional 1,437 shares during the period. Victory Capital Management Inc. increased its stake in shares of EnLink Midstream by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock valued at $442,000 after buying an additional 2,324 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of EnLink Midstream by 2.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 99,070 shares of the pipeline company’s stock valued at $1,402,000 after buying an additional 2,787 shares during the period. Finally, Hodges Capital Management Inc. increased its stake in shares of EnLink Midstream by 2.5% during the fourth quarter. Hodges Capital Management Inc. now owns 138,522 shares of the pipeline company’s stock valued at $1,960,000 after buying an additional 3,313 shares during the period. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Price Performance

Shares of NYSE ENLC opened at $14.56 on Tuesday. 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 company has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The business has a 50-day simple moving average of $14.56 and a two-hundred day simple moving average of $14.71. EnLink Midstream, LLC has a fifty-two week low of $11.83 and a fifty-two week high of $16.40.

Wall Street Analysts Forecast Growth

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

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.