Wells Fargo & Company MN lifted its position in Enable Midstream Partners, LP (NYSE:ENBL) by 49.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,901 shares of the pipeline company’s stock after purchasing an additional 8,850 shares during the quarter. Wells Fargo & Company MN’s holdings in Enable Midstream Partners, were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ENBL. Bank of Montreal Can lifted its position in Enable Midstream Partners, by 3,729.8% during the 2nd quarter. Bank of Montreal Can now owns 207,155 shares of the pipeline company’s stock valued at $3,302,000 after purchasing an additional 201,746 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Enable Midstream Partners, by 34.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock worth $10,274,000 after acquiring an additional 164,325 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Enable Midstream Partners, by 68.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 241,700 shares of the pipeline company’s stock worth $3,853,000 after acquiring an additional 98,300 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Enable Midstream Partners, in the 2nd quarter valued at approximately $936,000. Finally, Center Coast Capital Advisors LP boosted its holdings in shares of Enable Midstream Partners, by 3.1% in the 2nd quarter. Center Coast Capital Advisors LP now owns 1,915,543 shares of the pipeline company’s stock valued at $30,534,000 after buying an additional 57,336 shares during the last quarter. 18.16% of the stock is currently owned by institutional investors and hedge funds.

Enable Midstream Partners, LP (NYSE:ENBL) opened at $14.87 on Wednesday. Enable Midstream Partners, LP has a 12-month low of $13.75 and a 12-month high of $17.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.54 and a quick ratio of 0.49. The stock has a market capitalization of $6,497.10, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.47 and a beta of 1.94.

Enable Midstream Partners, (NYSE:ENBL) last released its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $688.61 million. Enable Midstream Partners, had a return on equity of 5.24% and a net margin of 14.82%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. equities research analysts forecast that Enable Midstream Partners, LP will post 0.87 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a dividend yield of 8.55%. The ex-dividend date is Monday, November 13th. Enable Midstream Partners,’s dividend payout ratio (DPR) is currently 151.19%.

In other news, Director Sean Trauschke purchased 2,500 shares of Enable Midstream Partners, stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $70,250. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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A number of equities research analysts have recently weighed in on the company. BidaskClub raised Enable Midstream Partners, from a “sell” rating to a “hold” rating in a report on Sunday, August 6th. Zacks Investment Research cut Enable Midstream Partners, from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada restated a “hold” rating on shares of Enable Midstream Partners, in a research report on Monday, October 23rd. Finally, Tudor Pickering cut Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.45.

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.

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

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