First Dallas Securities buys $2,276,978 stake in EnLink Midstream LLC (ENLC)

EnLink Midstream LLC (ENLC) : First Dallas Securities scooped up 17,968 additional shares in EnLink Midstream LLC during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 148,434 shares of EnLink Midstream LLC which is valued at $2,276,978.EnLink Midstream LLC makes up approximately 1.69% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Pointe Capital Management reduced its stake in ENLC by selling 38,923 shares or 40.71% in the most recent quarter. The Hedge Fund company now holds 56,683 shares of ENLC which is valued at $869,517. EnLink Midstream LLC makes up approx 0.63% of Pointe Capital Management’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. Hollencrest Securities added ENLC to its portfolio by purchasing 16,600 company shares during the most recent quarter which is valued at $263,940. EnLink Midstream LLC makes up approx 0.04% of Hollencrest Securities’s portfolio.Washington Trust Bank reduced its stake in ENLC by selling 495 shares or 31.13% in the most recent quarter. The Hedge Fund company now holds 1,095 shares of ENLC which is valued at $17,411.

EnLink Midstream LLC opened for trading at $14.89 and hit $15.6 on the upside on Friday, eventually ending the session at $15.43, with a gain of 2.25% or 0.34 points. The heightened volatility saw the trading volume jump to 2,80,270 shares. Company has a market cap of $2,778 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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