Enable Midstream Partners LP (NYSE:ENBL) major shareholder Arclight Capital Partners, Llc sold 30,498 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $16.27, for a total value of $496,202.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Monday, May 22nd, Arclight Capital Partners, Llc sold 34,202 shares of Enable Midstream Partners stock. The shares were sold at an average price of $16.18, for a total value of $553,388.36.
  • On Thursday, May 18th, Arclight Capital Partners, Llc sold 22,575 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.13, for a total value of $364,134.75.
  • 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 value 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 value 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 value 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 value of $850,175.95.
  • On Thursday, May 4th, Arclight Capital Partners, Llc sold 67,308 shares of Enable Midstream Partners stock. The shares were sold at an average price of $16.23, for a total value of $1,092,408.84.

Shares of Enable Midstream Partners LP (NYSE:ENBL) traded down 1.55% on Thursday, reaching $15.87. The company had a trading volume of 300,887 shares. The stock has a market capitalization of $6.86 billion, a PE ratio of 21.50 and a beta of 2.08. Enable Midstream Partners LP has a 52-week low of $11.95 and a 52-week high of $17.36. The company has a 50 day moving average price of $16.45 and a 200 day moving average price of $16.17.

Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. The company had revenue of $666 million for the quarter, compared to analyst estimates of $635.20 million. Enable Midstream Partners had a net margin of 13.31% and a return on equity of 4.23%. Enable Midstream Partners’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. On average, equities research analysts anticipate that Enable Midstream Partners LP will post $0.84 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 23rd will be given a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Friday, May 19th. Enable Midstream Partners’s dividend payout ratio is 186.77%.

WARNING: “Insider Selling: Enable Midstream Partners LP (ENBL) Major Shareholder Sells 30,498 Shares of Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/05/25/insider-selling-enable-midstream-partners-lp-enbl-major-shareholder-sells-30498-shares-of-stock.html.

Several analysts have recently commented on ENBL shares. Credit Suisse Group AG raised Enable Midstream Partners from a “neutral” rating to an “outperform” rating in a report on Monday, May 15th. Zacks Investment Research raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.57.

A number of institutional investors have recently added to or reduced their stakes in the company. Advisory Research Inc. raised its position 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 worth $122,094,000 after buying an additional 1,280,250 shares during the period. Brookfield Asset Management Inc. increased its stake in shares of 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 in the last quarter. Bank of America Corp DE increased its stake in shares of 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 in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Enable Midstream Partners during the first quarter valued at approximately $11,636,000. Finally, FMR LLC purchased a new stake in shares of Enable Midstream Partners during the fourth quarter valued at approximately $9,046,000. Institutional investors and hedge funds own 16.62% of the company’s stock.

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.

12 Month Chart for 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 MarketBeat.com's FREE daily email newsletter.