Fractal Investments LLC Has $30.20 Million Stock Position in EnLink Midstream, LLC (NYSE:ENLC)

Fractal Investments LLC cut its stake in EnLink Midstream, LLC (NYSE:ENLC) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,133,949 shares of the pipeline company’s stock after selling 43,658 shares during the period. EnLink Midstream comprises about 4.6% of Fractal Investments LLC’s investment portfolio, making the stock its 7th largest position. Fractal Investments LLC’s holdings in EnLink Midstream were worth $30,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of EnLink Midstream in the 3rd quarter worth $98,000. Icon Wealth Advisors LLC bought a new stake in EnLink Midstream during the third quarter valued at about $107,000. SG Americas Securities LLC bought a new stake in EnLink Midstream during the fourth quarter valued at about $114,000. Inscription Capital LLC bought a new position in EnLink Midstream in the third quarter worth about $154,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of EnLink Midstream during the third quarter valued at about $174,000. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ENLC. StockNews.com started coverage on EnLink Midstream in a research report on Friday, January 31st. They set a “hold” rating for the company. Mizuho reiterated a “neutral” rating and issued a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, October 31st. Raymond James cut shares of EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $15.00 price objective on shares of EnLink Midstream in a report on Thursday, November 21st. Finally, US Capital Advisors cut shares of EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.40.

EnLink Midstream Trading Up 2.9 %

ENLC stock opened at $14.56 on Thursday. The firm has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company’s 50-day simple moving average is $14.69 and its 200-day simple moving average is $14.44. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream, LLC has a 52-week low of $11.55 and a 52-week high of $16.40.

EnLink Midstream (NYSE:ENLC) last announced its earnings results on Wednesday, November 6th. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.16). The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.98 billion. EnLink Midstream had a net margin of 1.96% and a return on equity of 9.51%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. As a group, equities analysts forecast that EnLink Midstream, LLC will post 0.46 EPS for the current fiscal year.

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.