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

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

Several other institutional investors and hedge funds also recently made changes to their positions in ENLC. Merewether Investment Management LP bought a new stake in shares of EnLink Midstream during the 3rd quarter valued at about $64,477,000. Brookfield Corp ON boosted its position in shares of EnLink Midstream by 97.1% during the 3rd quarter. Brookfield Corp ON now owns 3,603,351 shares of the pipeline company’s stock valued at $52,285,000 after purchasing an additional 1,775,203 shares in the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of EnLink Midstream by 120.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,091,554 shares of the pipeline company’s stock valued at $30,348,000 after purchasing an additional 1,141,254 shares in the last quarter. Two Sigma Advisers LP boosted its position 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 valued at $17,137,000 after purchasing an additional 430,600 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of EnLink Midstream during the 4th quarter valued at about $5,291,000. Institutional investors own 45.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ENLC shares. StockNews.com started coverage on EnLink Midstream in a research report on Tuesday. They set a “hold” rating on the stock. Raymond James downgraded EnLink Midstream from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $15.00 price target on shares of EnLink Midstream in a research note on Thursday, November 21st. Finally, US Capital Advisors downgraded EnLink Midstream from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EnLink Midstream presently has an average rating of “Hold” and an average price target of $15.40.

EnLink Midstream Stock Performance

Shares of EnLink Midstream stock opened at $14.56 on Tuesday. The company has a market cap of $6.65 billion, a PE ratio of 69.33 and a beta of 2.43. EnLink Midstream, LLC has a 52 week low of $11.55 and a 52 week high of $16.40. The business has a 50 day moving average price of $14.56 and a 200-day moving average price of $14.64. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.30.

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.