Commonwealth of Pennsylvania Public School Empls Retrmt SYS continued to hold its stake in Enable Midstream Partners, LP (NYSE:ENBL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,206 shares of the pipeline company’s stock at the end of the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Enable Midstream Partners, were worth $988,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cutter & CO Brokerage Inc. purchased a new stake in shares of Enable Midstream Partners, during the fourth quarter valued at about $2,164,000. FMR LLC acquired a new position in shares of Enable Midstream Partners, during the fourth quarter worth about $9,046,000. Koch Industries Inc. acquired a new position in shares of Enable Midstream Partners, during the fourth quarter worth about $172,000. Allianz Asset Management AG purchased a new position in shares of Enable Midstream Partners, during the fourth quarter worth about $5,053,000. Finally, Advisory Research Inc. raised its position in shares of Enable Midstream Partners, by 19.8% in the fourth quarter. Advisory Research Inc. now owns 7,761,905 shares of the pipeline company’s stock worth $122,094,000 after buying an additional 1,280,250 shares during the last quarter. Institutional investors own 18.23% of the company’s stock.
Enable Midstream Partners, LP (NYSE ENBL) traded down 3.36% during midday trading on Monday, hitting $14.37. 153,587 shares of the stock traded hands. The stock’s 50-day moving average price is $15.84 and its 200 day moving average price is $16.10. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 19.47 and a beta of 2.02. Enable Midstream Partners, LP has a 52 week low of $11.95 and a 52 week high of $17.36.
Enable Midstream Partners, (NYSE:ENBL) last announced its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Enable Midstream Partners, had a net margin of 13.71% and a return on equity of 4.50%. The business had revenue of $666 million during the quarter, compared to analyst estimates of $635.20 million. During the same period last year, the firm posted $0.19 EPS. The company’s revenue was up 30.8% on a year-over-year basis. On average, equities research analysts predict that Enable Midstream Partners, LP will post $0.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 23rd were issued a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date of this dividend was Friday, May 19th. Enable Midstream Partners,’s dividend payout ratio (DPR) is currently 171.62%.
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Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Thursday, February 23rd. Citigroup Inc. reiterated a “neutral” rating and issued a $16.25 target price (up previously from $14.00) on shares of Enable Midstream Partners, in a research note on Thursday, June 1st. TheStreet upgraded shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a research note on Monday, June 5th. Credit Suisse Group raised shares of Enable Midstream Partners, from a “neutral” rating to an “outperform” rating in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $18.00 price target on shares of Enable Midstream Partners, in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.91.
In other Enable Midstream Partners, news, major shareholder Arclight Capital Partners, Llc sold 10,990 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $16.02, for a total transaction of $176,059.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 317,552 shares of company stock valued at $5,195,539.
About Enable Midstream Partners,
Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.
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