Larson Financial Group LLC Boosts Stock Holdings in EnLink Midstream, LLC (NYSE:ENLC)

Larson Financial Group LLC boosted its position in EnLink Midstream, LLC (NYSE:ENLC) by 800.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,000 shares of the pipeline company’s stock after purchasing an additional 8,000 shares during the period. Larson Financial Group LLC’s holdings in EnLink Midstream were worth $127,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Merewether Investment Management LP purchased a new stake in shares of EnLink Midstream during the third quarter worth $64,477,000. Brookfield Corp ON raised its position in shares of EnLink Midstream by 97.1% in the third quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company’s stock worth $52,285,000 after buying an additional 1,775,203 shares in the last quarter. Miller Howard Investments Inc. NY raised its position in shares of EnLink Midstream by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 2,320,292 shares of the pipeline company’s stock worth $32,832,000 after buying an additional 33,025 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of EnLink Midstream by 57.4% in the third quarter. Two Sigma Advisers LP now owns 1,181,021 shares of the pipeline company’s stock worth $17,137,000 after buying an additional 430,600 shares in the last quarter. Finally, State Street Corp raised its position in shares of EnLink Midstream by 1.0% in the third quarter. State Street Corp now owns 557,629 shares of the pipeline company’s stock worth $8,091,000 after buying an additional 5,573 shares in the last quarter. Hedge funds and other institutional investors own 45.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $15.00 price objective on shares of EnLink Midstream in a research report on Thursday, November 21st. US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, StockNews.com started coverage on EnLink Midstream in a research note on Wednesday. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.40.

EnLink Midstream Trading Up 2.9 %

Shares of ENLC stock opened at $14.56 on Wednesday. The business has a 50-day moving average of $14.59 and a 200 day moving average of $14.69. The stock has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. 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 1-year low of $11.83 and a 1-year high of $16.40.

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.