Oppenheimer & Co. Inc. held its stake in shares of EnLink Midstream LLC (NYSE:ENLC) during the second quarter, Holdings Channel reports. The fund owned 20,510 shares of the company’s stock at the end of the second quarter. Oppenheimer & Co. Inc.’s holdings in EnLink Midstream were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of EnLink Midstream by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 81,878 shares of the company’s stock worth $1,302,000 after buying an additional 320 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of EnLink Midstream by 1.3% in the first quarter. BlackRock Fund Advisors now owns 29,076 shares of the company’s stock worth $327,000 after buying an additional 371 shares during the last quarter. Signaturefd LLC increased its stake in shares of EnLink Midstream by 1.0% in the second quarter. Signaturefd LLC now owns 52,200 shares of the company’s stock worth $831,000 after buying an additional 500 shares during the last quarter. Blair William & Co. IL increased its stake in shares of EnLink Midstream by 7.9% in the second quarter. Blair William & Co. IL now owns 30,970 shares of the company’s stock worth $493,000 after buying an additional 2,280 shares during the last quarter. Finally, Pinnacle Holdings LLC increased its stake in shares of EnLink Midstream by 4.6% in the first quarter. Pinnacle Holdings LLC now owns 58,701 shares of the company’s stock worth $660,000 after buying an additional 2,563 shares during the last quarter. Hedge funds and other institutional investors own 25.31% of the company’s stock.

EnLink Midstream LLC (NYSE:ENLC) traded up 2.11% during midday trading on Wednesday, reaching $16.00. 277,798 shares of the company’s stock traded hands. The firm’s 50-day moving average is $16.53 and its 200 day moving average is $14.59. The firm’s market cap is $2.88 billion. EnLink Midstream LLC has a 52-week low of $6.41 and a 52-week high of $23.60.

A number of analysts have weighed in on the company. Barclays PLC downgraded EnLink Midstream from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $15.00 to $16.00 in a report on Monday, June 20th. Citigroup Inc. reiterated a “buy” rating and set a $19.00 price target (up from $18.00) on shares of EnLink Midstream in a report on Tuesday, June 28th. Mitsubishi UFJ Financial Group downgraded EnLink Midstream from a “neutral” rating to an “underweight” rating in a report on Friday, June 10th. Robert W. Baird raised shares of EnLink Midstream from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $8.00 to $16.00 in a research report on Tuesday, June 28th. Finally, 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 report on Tuesday, September 13th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.21.

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.

5 Day Chart for NYSE:ENLC

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