California Public Employees Retirement System cut its stake in shares of EnLink Midstream LLC (NYSE:ENLC) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,200 shares of the company’s stock after selling 2,500 shares during the period. California Public Employees Retirement System’s holdings in EnLink Midstream were worth $1,260,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of EnLink Midstream during the second quarter valued at about $144,000. Groesbeck Investment Management Corp NJ acquired a new position in shares of EnLink Midstream during the first quarter valued at approximately $131,000. Proficio Capital Partners LLC boosted its position in shares of EnLink Midstream by 1,276.6% in the second quarter. Proficio Capital Partners LLC now owns 16,244 shares of the company’s stock valued at $245,000 after buying an additional 15,064 shares in the last quarter. Hollencrest Securities LLC acquired a new position in shares of EnLink Midstream during the second quarter valued at approximately $264,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of EnLink Midstream by 40.0% in the second quarter. Nisa Investment Advisors LLC now owns 21,000 shares of the company’s stock valued at $334,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 25.31% of the company’s stock.
EnLink Midstream LLC (NYSE:ENLC) traded up 0.72% during trading on Friday, reaching $16.82. 210,962 shares of the company traded hands. The firm’s market capitalization is $3.03 billion. EnLink Midstream LLC has a 12-month low of $6.41 and a 12-month high of $23.38. The firm’s 50 day moving average price is $16.47 and its 200 day moving average price is $15.19.
ENLC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of EnLink Midstream from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. cut shares of EnLink Midstream from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $15.00 to $14.00 in a research note on Monday, September 19th. Credit Suisse Group AG cut shares of EnLink Midstream from a “neutral” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research note on Tuesday, September 13th. RBC Capital Markets reissued a “sector perform” rating and issued a $19.00 price objective (up from $14.00) on shares of EnLink Midstream in a research note on Sunday, September 4th. Finally, Royal Bank Of Canada boosted their target price on shares of EnLink Midstream from $14.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Friday, September 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. EnLink Midstream has an average rating of “Hold” and an average target price of $16.92.
EnLink Midstream Company Profile
EnLink Midstream, LLC is a midstream energy services company. The Company’s assets include its equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink TOM Holdings, LP (TOM Holdings). The Partnership is engaged in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NGLs), condensate and crude oil, as well as providing crude oil, condensate and brine services to producers.
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