Rr Advisors adds EnLink Midstream LLC (ENLC) to its portfolio

EnLink Midstream LLC (ENLC) : Rr Advisors added new position in EnLink Midstream LLC during the most recent quarter end. The investment management firm now holds 1,162,000 shares of EnLink Midstream LLC which is valued at $18,928,980 , the company said in a statement filed on Aug 12, 2016 with the SEC.EnLink Midstream LLC makes up approximately 2.80% of Rr Advisors’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in ENLC in the latest quarter, The investment management firm added 140,009 additional shares and now holds a total of 213,604 shares of EnLink Midstream LLC which is valued at $3,479,609. EnLink Midstream LLC makes up approx 0.01% of Citadel Advisors’s portfolio.Salient Capital Advisors boosted its stake in ENLC in the latest quarter, The investment management firm added 269,450 additional shares and now holds a total of 4,434,107 shares of EnLink Midstream LLC which is valued at $70,945,712. EnLink Midstream LLC makes up approx 1.57% of Salient Capital Advisors’s portfolio.Proficio Capital Partners boosted its stake in ENLC in the latest quarter, The investment management firm added 15,064 additional shares and now holds a total of 16,244 shares of EnLink Midstream LLC which is valued at $250,645. EnLink Midstream LLC makes up approx 0.16% of Proficio Capital Partners’s portfolio.Msi Financial Services Inc reduced its stake in ENLC by selling 8 shares or 72.73% in the most recent quarter. The Hedge Fund company now holds 3 shares of ENLC which is valued at $46.

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.

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