NBW Capital LLC Sells 771,092 Shares of EnLink Midstream, LLC (NYSE:ENLC)

NBW Capital LLC cut its position in EnLink Midstream, LLC (NYSE:ENLC) by 87.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,856 shares of the pipeline company’s stock after selling 771,092 shares during the quarter. NBW Capital LLC’s holdings in EnLink Midstream were worth $1,583,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new position in EnLink Midstream in the 4th quarter valued at $55,000. Wilmington Savings Fund Society FSB acquired a new position in EnLink Midstream in the 3rd quarter valued at $98,000. Icon Wealth Advisors LLC acquired a new position in EnLink Midstream in the 3rd quarter valued at $107,000. SG Americas Securities LLC acquired a new position in EnLink Midstream in the 4th quarter valued at $114,000. Finally, EP Wealth Advisors LLC acquired a new position in EnLink Midstream in the 3rd quarter valued at $174,000. 45.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ENLC. 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. StockNews.com assumed coverage on EnLink Midstream in a report on Tuesday. They set a “hold” rating for the company. US Capital Advisors cut EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Raymond James cut EnLink Midstream from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.40.

EnLink Midstream Trading Up 2.9 %

NYSE ENLC opened at $14.56 on Tuesday. The business’s 50-day moving average price is $14.56 and its two-hundred day moving average price is $14.64. EnLink Midstream, LLC has a 12 month low of $11.55 and a 12 month high of $16.40. The firm has a market capitalization of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30.

EnLink Midstream 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.