Caprock Group LLC Makes New Investment in EnLink Midstream, LLC (NYSE:ENLC)

Caprock Group LLC bought a new stake in EnLink Midstream, LLC (NYSE:ENLC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,100 shares of the pipeline company's stock, valued at approximately $284,000.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $15.00 target price on shares of EnLink Midstream in a research report on Thursday, November 21st. US Capital Advisors lowered shares of EnLink Midstream from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Raymond James cut shares of EnLink Midstream from an "outperform" rating to a "market perform" rating in a research note on Friday, November 8th. Mizuho restated a "neutral" rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, October 31st. Finally, StockNews.com initiated coverage on EnLink Midstream in a research note on Saturday. They issued a "hold" rating on the stock. Eleven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $15.40.

EnLink Midstream Stock Performance

Shares of NYSE:ENLC traded up $0.41 during midday trading on Monday, reaching $14.56. 95,115,676 shares of the company traded hands, compared to its average volume of 3,910,954. The firm's fifty day moving average price is $14.61 and its two-hundred day moving average price is $14.45. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.33 and a beta of 2.43. 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 12 month low of $11.55 and a 12 month 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.