Enable Midstream Partners LP (NYSE:ENBL) major shareholder Arclight Capital Partners, Llc sold 22,575 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $16.13, for a total transaction of $364,134.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Arclight Capital Partners, Llc also recently made the following trade(s):

  • On Tuesday, May 16th, Arclight Capital Partners, Llc sold 29,392 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.54, for a total transaction of $486,143.68.
  • On Friday, May 12th, Arclight Capital Partners, Llc sold 21,845 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.77, for a total transaction of $366,340.65.
  • On Wednesday, May 10th, Arclight Capital Partners, Llc sold 48,807 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.61, for a total transaction of $810,684.27.
  • On Monday, May 8th, Arclight Capital Partners, Llc sold 51,935 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.37, for a total transaction of $850,175.95.
  • On Thursday, May 4th, Arclight Capital Partners, Llc sold 67,308 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.23, for a total transaction of $1,092,408.84.

Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Enable Midstream Partners had a net margin of 13.31% and a return on equity of 4.23%. The firm had revenue of $666 million during the quarter, compared to the consensus estimate of $635.20 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Enable Midstream Partners’s revenue for the quarter was up 30.8% on a year-over-year basis.

Insider Buying and Selling by Quarter for Enable Midstream Partners (NYSE:ENBL)

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 23rd will be given a $0.318 dividend. The ex-dividend date is Friday, May 19th. This represents a $1.27 annualized dividend and a yield of 7.93%. Enable Midstream Partners’s dividend payout ratio (DPR) is 186.77%.

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A number of hedge funds have recently added to or reduced their stakes in ENBL. Advisory Research Inc. increased its stake in 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 valued at $122,094,000 after buying an additional 1,280,250 shares during the period. Brookfield Asset Management Inc. increased its stake in Enable Midstream Partners by 9,694.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 930,500 shares of the pipeline company’s stock valued at $14,637,000 after buying an additional 921,000 shares during the period. Bank of America Corp DE increased its stake in Enable Midstream Partners by 1,181.3% in 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 buying an additional 805,809 shares during the period. Westwood Holdings Group Inc. acquired a new stake in Enable Midstream Partners during the first quarter valued at approximately $11,636,000. Finally, FMR LLC acquired a new stake in Enable Midstream Partners during the fourth quarter valued at approximately $9,046,000. Hedge funds and other institutional investors own 16.62% of the company’s stock.

Several research analysts recently issued reports on the stock. Credit Suisse Group AG raised shares of Enable Midstream Partners from a “neutral” rating to an “outperform” rating in a report on Monday. Zacks Investment Research raised shares of Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.63.

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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