Center Coast Capital Advisors LP Grows Position in Enable Midstream Partners, LP (ENBL)

Center Coast Capital Advisors LP lifted its position in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,065,987 shares of the pipeline company’s stock after purchasing an additional 150,444 shares during the quarter. Enable Midstream Partners, comprises 0.8% of Center Coast Capital Advisors LP’s investment portfolio, making the stock its 21st biggest holding. Center Coast Capital Advisors LP owned approximately 0.48% of Enable Midstream Partners, worth $33,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Enable Midstream Partners, by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after purchasing an additional 497 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Enable Midstream Partners, by 8.4% during the second quarter. Proficio Capital Partners LLC now owns 14,450 shares of the pipeline company’s stock valued at $221,000 after purchasing an additional 1,117 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Enable Midstream Partners, by 49.0% during the second quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 8,850 shares in the last quarter. Global X Management Co. LLC raised its stake in Enable Midstream Partners, by 3.5% during the second quarter. Global X Management Co. LLC now owns 34,513 shares of the pipeline company’s stock valued at $550,000 after buying an additional 1,154 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Enable Midstream Partners, by 5.7% during the second quarter. Neuberger Berman Group LLC now owns 39,418 shares of the pipeline company’s stock valued at $628,000 after buying an additional 2,117 shares during the last quarter. Institutional investors own 18.16% of the company’s stock.

A number of research analysts have issued reports on the company. BidaskClub upgraded Enable Midstream Partners, from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $18.00 price objective on shares of Enable Midstream Partners, in a research note on Sunday, September 17th. Zacks Investment Research upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Tudor Pickering cut Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.45.

Enable Midstream Partners, LP (NYSE:ENBL) traded down $0.16 during mid-day trading on Tuesday, hitting $15.02. The stock had a trading volume of 131,100 shares, compared to its average volume of 204,400. Enable Midstream Partners, LP has a 52-week low of $13.75 and a 52-week high of $17.36. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6,704.73, a PE ratio of 18.45, a P/E/G ratio of 3.58 and a beta of 1.94.

Enable Midstream Partners, (NYSE:ENBL) last posted 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. Enable Midstream Partners, had a return on equity of 5.24% and a net margin of 14.82%. The firm had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $688.61 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. analysts expect that Enable Midstream Partners, LP will post 0.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 14th will be paid a $0.318 dividend. This represents a $1.27 annualized dividend and a dividend yield of 8.47%. The ex-dividend date of this dividend is Monday, November 13th. Enable Midstream Partners,’s dividend payout ratio is currently 151.19%.

In other Enable Midstream Partners, news, Director Sean Trauschke purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was purchased at an average price of $14.05 per share, for a total transaction of $35,125.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $70,250. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

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