EnLink Midstream LLC (ENLC) : Phoenix Investment Adviser added new position in EnLink Midstream LLC during the most recent quarter end. The investment management firm now holds 66,100 shares of EnLink Midstream LLC which is valued at $781,963 , the company said in a statement filed on Apr 13, 2016 with the SEC.EnLink Midstream LLC makes up approximately 0.97% of Phoenix Investment Adviser’s portfolio.
EnLink Midstream LLC opened for trading at $11.5 and hit $12.45 on the upside on Monday, eventually ending the session at $12.37, with a gain of 4.56% or 0.54 points. The heightened volatility saw the trading volume jump to 3,39,056 shares. Company has a market cap of $2,225 M.
Other Hedge Funds, Including , Country Club Trust Company N.a. sold out all of its stake in ENLC during the most recent quarter. The investment firm sold 14,610 shares of ENLC which is valued $172,836. Central Trust Co sold out all of its stake in ENLC during the most recent quarter. The investment firm sold 869 shares of ENLC which is valued $10,280. Proficio Capital Partners added ENLC to its portfolio by purchasing 1,180 company shares during the most recent quarter which is valued at $13,759. EnLink Midstream LLC makes up approx 0.01% of Proficio Capital Partners’s portfolio.Creative Planning boosted its stake in ENLC in the latest quarter, The investment management firm added 377 additional shares and now holds a total of 1,177 shares of EnLink Midstream LLC which is valued at $13,724.
Many Wall Street Analysts have commented on EnLink Midstream LLC. EnLink Midstream LLC was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016. Shares were Reiterated by Barclays on Feb 18, 2016 to “Overweight” and Lowered the Price Target to $ 9 from a previous price target of $20 .Shares were Downgraded by Wunderlich on Feb 18, 2016 to ” Hold” and Lowered the Price Target to $ 8 from a previous price target of $17 .
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.