EnLink Midstream LLC (ENLC) : Nbw Capital scooped up 342,984 additional shares in EnLink Midstream LLC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 654,307 shares of EnLink Midstream LLC which is valued at $10,658,661.EnLink Midstream LLC makes up approximately 3.23% of Nbw Capital’s portfolio.
Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in ENLC in the latest quarter, The investment management firm added 4,369 additional shares and now holds a total of 27,674 shares of EnLink Midstream LLC which is valued at $450,809.Eaton Vance Management reduced its stake in ENLC by selling 141,206 shares or 82.57% in the most recent quarter. The Hedge Fund company now holds 29,801 shares of ENLC which is valued at $479,796.
EnLink Midstream LLC opened for trading at $17.06 and hit $17.25 on the upside on Monday, eventually ending the session at $17.15, with a gain of 0.53% or 0.09 points. The heightened volatility saw the trading volume jump to 3,75,311 shares. Company has a market cap of $3,088 M.
Many Wall Street Analysts have commented on EnLink Midstream LLC. Company shares were Upgraded by Robert W. Baird on Jun 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 16 from a previous price target of $8 .Company shares were Downgraded by Barclays on Jun 20, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .EnLink Midstream LLC was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.
Enlink Midstream LLC is a limited liability company. The Company’s assets consist of equity interests in EnLink Midstream Partners LP (Partnership) and EnLink Midstream Holdings LP (Midstream Holdings). The Partnership is a publicly traded limited partnership 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. Midstream Holdings is engaged in the gathering transmission and processing of natural gas. The Company has approximately 17431152 common units representing an aggregate 7% limited partner interest in the Partnership. As of December 31 2014 the Company also has 100% ownership interest in EnLink Midstream Partners GP LLC which is the general partner of the Partnership. The Company also had 25% limited partner interest in Midstream Holdings as of February 17 2015.