Citigroup Inc. trimmed its position in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 70.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,741 shares of the pipeline company’s stock after selling 43,158 shares during the period. Citigroup Inc.’s holdings in Enable Midstream Partners, were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ENBL. Neuberger Berman Group LLC boosted its holdings in Enable Midstream Partners, by 30.4% during the first quarter. Neuberger Berman Group LLC now owns 37,301 shares of the pipeline company’s stock valued at $623,000 after acquiring an additional 8,693 shares during the period. Wellington Management Group LLP bought a new stake in Enable Midstream Partners, during the first quarter valued at about $3,462,000. UBS Group AG boosted its holdings in Enable Midstream Partners, by 17.2% during the first quarter. UBS Group AG now owns 493,492 shares of the pipeline company’s stock valued at $8,236,000 after acquiring an additional 72,370 shares during the period. Bank of America Corp DE boosted its holdings in Enable Midstream Partners, by 1,181.3% during the first quarter. Bank of America Corp DE now owns 874,024 shares of the pipeline company’s stock valued at $14,587,000 after acquiring an additional 805,809 shares during the period. Finally, Westwood Holdings Group Inc. bought a new stake in Enable Midstream Partners, during the first quarter valued at about $11,636,000. Institutional investors own 18.04% of the company’s stock.

WARNING: This report was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/enable-midstream-partners-lp-enbl-holdings-cut-by-citigroup-inc/1640430.html.

In related news, Director Sean Trauschke bought 2,500 shares of Enable Midstream Partners, stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $14.05 per share, with a total value of $35,125.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $70,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Enable Midstream Partners, LP (NYSE ENBL) opened at 15.54 on Thursday. The company has a 50 day moving average of $15.25 and a 200 day moving average of $15.46. The company has a market cap of $6.72 billion, a PE ratio of 18.43 and a beta of 1.98. Enable Midstream Partners, LP has a 1-year low of $13.75 and a 1-year high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last released its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $626.00 million for the quarter, compared to analyst estimates of $644.27 million. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Enable Midstream Partners, LP will post $0.85 earnings per share for the current fiscal year.

A number of research firms have issued reports on ENBL. BidaskClub cut shares of Enable Midstream Partners, from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating and set a $18.00 price target on shares of Enable Midstream Partners, in a report on Sunday, September 17th. Finally, Zacks Investment Research upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.21.

Enable Midstream Partners, Profile

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.

Want to see what other hedge funds are holding ENBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enable Midstream Partners, LP (NYSE:ENBL).

Institutional Ownership by Quarter for Enable Midstream Partners, (NYSE:ENBL)

Receive News & Ratings for Enable Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enable Midstream Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.