EnLink Midstream, LLC (NYSE:ENLC) has earned an average recommendation of “Hold” from the twelve brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.90.

Several research analysts have recently weighed in on the stock. TheStreet upgraded shares of EnLink Midstream from a “d” rating to a “c-” rating in a report on Friday, June 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price objective on shares of EnLink Midstream in a report on Friday, April 21st. Guggenheim assumed coverage on shares of EnLink Midstream in a report on Monday, April 17th. They set a “neutral” rating and a $18.00 price objective on the stock. Credit Suisse Group increased their price objective on shares of EnLink Midstream from $18.00 to $19.00 and gave the stock an “underperform” rating in a report on Friday, April 7th. Finally, Janney Montgomery Scott assumed coverage on shares of EnLink Midstream in a report on Friday, March 10th. They set a “neutral” rating and a $21.00 price objective on the stock.

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Shares of EnLink Midstream (NYSE ENLC) traded down 0.464% during midday trading on Monday, hitting $16.075. 30,332 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $17.47 and its 200 day moving average price is $18.55. The firm’s market cap is $2.90 billion. EnLink Midstream has a one year low of $14.70 and a one year high of $20.45.

Hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in EnLink Midstream by 34.3% in the fourth quarter. State Street Corp now owns 91,998 shares of the pipeline company’s stock worth $1,749,000 after buying an additional 23,498 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in EnLink Midstream by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,283 shares of the pipeline company’s stock worth $672,000 after buying an additional 3,394 shares during the period. Dimensional Fund Advisors LP increased its stake in EnLink Midstream by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,884,476 shares of the pipeline company’s stock worth $35,900,000 after buying an additional 276,379 shares during the period. Keybank National Association OH increased its stake in EnLink Midstream by 3.9% in the fourth quarter. Keybank National Association OH now owns 23,190 shares of the pipeline company’s stock worth $442,000 after buying an additional 870 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in EnLink Midstream during the fourth quarter worth about $584,000. 33.01% of the stock is owned by hedge funds and other institutional investors.

EnLink Midstream Company Profile

EnLink Midstream, LLC is an integrated midstream company. The Company’s assets consist of equity interests in EnLink Midstream Partners, LP (the Partnership) and EnLink Oklahoma Gas Processing, LP (EnLink Oklahoma T.O.). 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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