Captrust Financial Advisors Has $1.40 Million Holdings in EnLink Midstream, LLC (NYSE:ENLC)

Captrust Financial Advisors cut its stake in EnLink Midstream, LLC (NYSE:ENLC) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,683 shares of the pipeline company’s stock after selling 13,741 shares during the period. Captrust Financial Advisors’ holdings in EnLink Midstream were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ENLC. Venturi Wealth Management LLC acquired a new position in EnLink Midstream in the 4th quarter worth $55,000. Farther Finance Advisors LLC boosted its stake in shares of EnLink Midstream by 20,947.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after buying an additional 4,399 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of EnLink Midstream during the 4th quarter worth about $114,000. Larson Financial Group LLC boosted its stake in shares of EnLink Midstream by 800.0% during the 4th quarter. Larson Financial Group LLC now owns 9,000 shares of the pipeline company’s stock worth $127,000 after buying an additional 8,000 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of EnLink Midstream during the 4th quarter worth about $177,000. 45.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of EnLink Midstream in a research note on Wednesday, May 7th. They set a “hold” rating for the company. Eleven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.33.

EnLink Midstream Trading Up 2.9%

Shares of NYSE:ENLC opened at $14.56 on Wednesday. EnLink Midstream, LLC has a 52-week low of $11.83 and a 52-week high of $16.40. The company has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. The company has a 50-day simple moving average of $14.56 and a 200 day simple moving average of $14.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.42 and a current ratio of 0.42.

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.