Clearbridge Investments LLC grew its holdings in shares of Enable Midstream Partners LP (NYSE:ENBL) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,498,797 shares of the pipeline company’s stock after buying an additional 217,193 shares during the quarter. Clearbridge Investments LLC owned approximately 1.27% of Enable Midstream Partners worth $78,193,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Enable Midstream Partners by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock worth $107,000 after buying an additional 497 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Enable Midstream Partners during the 4th quarter worth about $117,000. Starfire Investment Advisers Inc. bought a new stake in Enable Midstream Partners during the 4th quarter worth about $145,000. Citadel Advisors LLC lifted its position in Enable Midstream Partners by 425.8% during the 3rd quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock worth $163,000 after buying an additional 13,367 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in Enable Midstream Partners during the 4th quarter worth about $195,000. 18.31% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on ENBL shares. Goldman Sachs Group started coverage on shares of Enable Midstream Partners in a research report on Friday, November 17th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. cut shares of Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a report on Tuesday, November 21st. R. F. Lafferty initiated coverage on shares of Enable Midstream Partners in a report on Wednesday, December 6th. They issued a “buy” rating and a $19.00 target price on the stock. Zacks Investment Research cut shares of Enable Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Bank of America initiated coverage on shares of Enable Midstream Partners in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.21.
Enable Midstream Partners (NYSE:ENBL) last issued its earnings results on Tuesday, February 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The company had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $678.22 million. Enable Midstream Partners had a net margin of 15.23% and a return on equity of 5.81%. Enable Midstream Partners’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. analysts predict that Enable Midstream Partners LP will post 0.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were paid a $0.318 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.27 dividend on an annualized basis and a yield of 8.91%. Enable Midstream Partners’s dividend payout ratio (DPR) is currently 136.56%.
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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.
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