EnLink Midstream, LLC (NYSE:ENLC) Holdings Lessened by Fractal Investments LLC

Fractal Investments LLC trimmed its position in EnLink Midstream, LLC (NYSE:ENLC - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,133,949 shares of the pipeline company's stock after selling 43,658 shares during the period. EnLink Midstream accounts for approximately 4.6% of Fractal Investments LLC's investment portfolio, making the stock its 7th biggest holding. Fractal Investments LLC owned about 0.47% of EnLink Midstream worth $30,195,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Merewether Investment Management LP acquired a new stake in shares of EnLink Midstream during the 3rd quarter worth approximately $64,477,000. Brookfield Corp ON grew its position in EnLink Midstream by 97.1% during the third quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company's stock valued at $52,285,000 after buying an additional 1,775,203 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in EnLink Midstream by 32.4% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 3,324,324 shares of the pipeline company's stock valued at $48,236,000 after buying an additional 812,767 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of EnLink Midstream by 120.1% in the third quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company's stock worth $30,348,000 after acquiring an additional 1,141,254 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of EnLink Midstream by 57.4% during the 3rd quarter. Two Sigma Advisers LP now owns 1,181,021 shares of the pipeline company's stock worth $17,137,000 after acquiring an additional 430,600 shares in the last quarter. Hedge funds and other institutional investors own 45.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENLC. StockNews.com began coverage on EnLink Midstream in a report on Saturday. They issued a "hold" rating for 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 note on Thursday, November 21st. Mizuho reissued a "neutral" rating and issued a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, October 31st. Raymond James lowered shares of EnLink Midstream from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. Finally, US Capital Advisors downgraded 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.40.

EnLink Midstream Price Performance

ENLC traded up $0.41 on Monday, reaching $14.56. 95,115,676 shares of the company's stock were exchanged, compared to its average volume of 3,910,954. EnLink Midstream, LLC has a twelve month low of $11.55 and a twelve month high of $16.40. The stock has a market cap 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. The stock's fifty day moving average price is $14.61 and its 200-day moving average price is $14.45.

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.