EnLink Midstream, LLC (NYSE:ENLC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other equities analysts have also recently weighed in on ENLC. ValuEngine cut shares of EnLink Midstream from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $21.00 price target on shares of EnLink Midstream in a research note on Monday, July 31st. Zacks Investment Research raised shares of EnLink Midstream from a “strong sell” rating to a “hold” rating in a research note on Monday, August 7th. TheStreet raised shares of EnLink Midstream from a “d” rating to a “c-” rating in a research note on Friday, June 2nd. Finally, Mitsubishi UFJ Financial Group raised shares of EnLink Midstream from an “underweight” rating to a “neutral” rating and set a $19.00 price target on the stock in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.60.

Shares of EnLink Midstream (NYSE:ENLC) traded down 2.27% during mid-day trading on Friday, hitting $17.20. 111,467 shares of the stock traded hands. The firm’s 50 day moving average price is $17.09 and its 200 day moving average price is $17.91. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 4300.00 and a beta of 2.62. EnLink Midstream has a 12-month low of $14.70 and a 12-month high of $20.45.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WFG Advisors LP grew its stake in EnLink Midstream by 11.5% in the 2nd quarter. WFG Advisors LP now owns 9,201 shares of the pipeline company’s stock valued at $162,000 after acquiring an additional 950 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in EnLink Midstream in the 2nd quarter valued at about $235,000. The Manufacturers Life Insurance Company grew its stake in EnLink Midstream by 11.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,684 shares of the pipeline company’s stock valued at $100,000 after acquiring an additional 599 shares during the last quarter. NBW Capital LLC grew its stake in EnLink Midstream by 15.3% in the 2nd quarter. NBW Capital LLC now owns 504,186 shares of the pipeline company’s stock valued at $8,874,000 after acquiring an additional 66,773 shares during the last quarter. Finally, State Street Corp grew its stake in EnLink Midstream by 7.0% in the 2nd quarter. State Street Corp now owns 104,852 shares of the pipeline company’s stock valued at $1,846,000 after acquiring an additional 6,851 shares during the last quarter. 34.79% of the stock is currently owned by hedge funds and other institutional investors.

About EnLink Midstream

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.

Analyst Recommendations for EnLink Midstream (NYSE:ENLC)

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