GSA Capital Partners LLP grew its holdings in Enable Midstream Partners LP (NYSE:ENBL) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,937 shares of the pipeline company’s stock after acquiring an additional 11,275 shares during the period. GSA Capital Partners LLP’s holdings in Enable Midstream Partners were worth $1,996,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of ENBL. SG Americas Securities LLC grew its position in Enable Midstream Partners by 0.3% in the second quarter. SG Americas Securities LLC now owns 89,066 shares of the pipeline company’s stock worth $1,420,000 after acquiring an additional 250 shares in the last quarter. Proficio Capital Partners LLC grew its position in Enable Midstream Partners by 8.4% in the second quarter. Proficio Capital Partners LLC now owns 14,450 shares of the pipeline company’s stock worth $221,000 after acquiring an additional 1,117 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Enable Midstream Partners during the 2nd quarter worth $936,000. Cutter & CO Brokerage Inc. boosted its holdings in shares of Enable Midstream Partners by 1.7% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 142,348 shares of the pipeline company’s stock worth $2,269,000 after buying an additional 2,438 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Enable Midstream Partners by 5.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 39,418 shares of the pipeline company’s stock worth $628,000 after buying an additional 2,117 shares during the period. 18.17% of the stock is owned by institutional investors.
ENBL has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating on shares of Enable Midstream Partners in a report on Monday, October 23rd. BidaskClub downgraded shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Zacks Investment Research raised shares of Enable Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a report on Tuesday, October 31st. Tudor Pickering downgraded shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, J P Morgan Chase & Co downgraded shares of Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.71.
Enable Midstream Partners (NYSE:ENBL) last released its earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $688.61 million. Enable Midstream Partners had a net margin of 14.82% and a return on equity of 5.24%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. analysts anticipate that Enable Midstream Partners LP will post 0.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 14th were paid a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a yield of 8.74%. The ex-dividend date was Monday, November 13th. Enable Midstream Partners’s payout ratio is currently 151.19%.
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Enable Midstream Partners Company 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.
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