Global X Management Co. LLC increased its position in shares of EnLink Midstream, LLC (NYSE:ENLC) by 64.8% during the second quarter, Holdings Channel reports. The firm owned 444,041 shares of the pipeline company’s stock after buying an additional 174,592 shares during the period. Global X Management Co. LLC’s holdings in EnLink Midstream were worth $7,815,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ENLC. Tower Research Capital LLC TRC bought a new stake in EnLink Midstream during the first quarter worth approximately $206,000. Duff & Phelps Investment Management Co. raised its stake in shares of EnLink Midstream by 10.0% in the first quarter. Duff & Phelps Investment Management Co. now owns 11,000 shares of the pipeline company’s stock valued at $213,000 after buying an additional 1,000 shares during the last quarter. Roanoke Asset Management Corp NY acquired a new stake in shares of EnLink Midstream during the second quarter valued at approximately $220,000. Proficio Capital Partners LLC raised its stake in shares of EnLink Midstream by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 12,655 shares of the pipeline company’s stock valued at $228,000 after buying an additional 513 shares during the last quarter. Finally, Hollencrest Securities LLC acquired a new stake in shares of EnLink Midstream during the first quarter valued at approximately $258,000. Hedge funds and other institutional investors own 33.48% of the company’s stock.

EnLink Midstream, LLC (ENLC) opened at 16.70 on Friday. EnLink Midstream, LLC has a 1-year low of $14.70 and a 1-year high of $20.45. The firm has a market capitalization of $3.02 billion, a P/E ratio of 4175.00 and a beta of 2.58. The company’s 50-day moving average price is $17.47 and its 200-day moving average price is $18.17.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 1st will be paid a $0.255 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.02 annualized dividend and a dividend yield of 6.11%.

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Several equities research analysts recently commented on the company. Guggenheim assumed coverage on EnLink Midstream in a research report on Monday, April 17th. They set a “neutral” rating and a $18.00 target price on the stock. Royal Bank Of Canada restated a “hold” rating and set a $21.00 target price on shares of EnLink Midstream in a research report on Friday, April 21st. Zacks Investment Research lowered EnLink Midstream from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Barclays PLC restated a “hold” rating and set a $19.00 target price on shares of EnLink Midstream in a research report on Friday, July 21st. Finally, Citigroup Inc. upgraded EnLink Midstream to a “neutral” rating and set a $19.00 target price on the stock in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.55.

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.

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Institutional Ownership by Quarter for EnLink Midstream (NYSE:ENLC)

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