Magnetar Financial LLC Takes Position in EnLink Midstream, LLC (NYSE:ENLC)

Magnetar Financial LLC purchased a new stake in EnLink Midstream, LLC (NYSE:ENLC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 427,512 shares of the pipeline company’s stock, valued at approximately $6,049,000. Magnetar Financial LLC owned approximately 0.09% of EnLink Midstream at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of EnLink Midstream by 6.1% in the fourth quarter. HighTower Advisors LLC now owns 24,954 shares of the pipeline company’s stock valued at $353,000 after purchasing an additional 1,437 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of EnLink Midstream by 0.6% in the third quarter. Citigroup Inc. now owns 267,761 shares of the pipeline company’s stock valued at $3,885,000 after purchasing an additional 1,473 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of EnLink Midstream by 9.7% in the third quarter. Tidal Investments LLC now owns 18,315 shares of the pipeline company’s stock valued at $266,000 after purchasing an additional 1,623 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of EnLink Midstream by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 31,271 shares of the pipeline company’s stock valued at $442,000 after purchasing an additional 2,324 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in EnLink Midstream by 8.5% during the third quarter. Sanctuary Advisors LLC now owns 30,031 shares of the pipeline company’s stock worth $473,000 after acquiring an additional 2,362 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors.

EnLink Midstream Trading Up 2.9 %

Shares of NYSE:ENLC opened at $14.56 on Thursday. The company has a market capitalization of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43. EnLink Midstream, LLC has a 1 year low of $11.83 and a 1 year high of $16.40. 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 business’s 50 day simple moving average is $14.62 and its 200 day simple moving average is $14.72.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ENLC. US Capital Advisors lowered EnLink Midstream from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $15.00 target price on shares of EnLink Midstream in a report on Thursday, November 21st. Finally, StockNews.com initiated coverage on EnLink Midstream in a research note on Thursday. They issued a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EnLink Midstream currently has a consensus rating of “Hold” and a consensus target price of $15.40.

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.