Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Enable Midstream Partners LP (NYSE:ENBL) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,708,399 shares of the pipeline company’s stock after purchasing an additional 1,347,586 shares during the period. Tortoise Capital Advisors L.L.C. owned about 2.23% of Enable Midstream Partners worth $97,375,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. California Public Employees Retirement System boosted its position in Enable Midstream Partners by 174.3% during the 3rd quarter. California Public Employees Retirement System now owns 56,187 shares of the pipeline company’s stock valued at $676,000 after acquiring an additional 35,705 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Enable Midstream Partners during the 3rd quarter valued at approximately $63,000. Virtu Financial LLC bought a new stake in Enable Midstream Partners during the 3rd quarter valued at approximately $760,000. Stifel Financial Corp bought a new stake in Enable Midstream Partners during the 3rd quarter valued at approximately $278,000. Finally, NEXT Financial Group Inc boosted its position in Enable Midstream Partners by 106.9% during the 4th quarter. NEXT Financial Group Inc now owns 30,000 shares of the pipeline company’s stock valued at $301,000 after acquiring an additional 15,500 shares in the last quarter. Institutional investors own 17.80% of the company’s stock.
Several research firms have weighed in on ENBL. UBS Group cut Enable Midstream Partners from a “buy” rating to a “neutral” rating in a research report on Monday, March 16th. Zacks Investment Research raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Barclays cut Enable Midstream Partners from an “equal weight” rating to an “underweight” rating in a research report on Tuesday. ValuEngine cut Enable Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Finally, Wells Fargo & Co raised Enable Midstream Partners from an “equal weight” rating to an “overweight” rating and set a $12.00 price target on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Enable Midstream Partners presently has an average rating of “Hold” and a consensus price target of $14.00.
Shares of ENBL traded up $0.14 during mid-day trading on Thursday, reaching $2.10. The company had a trading volume of 3,332,066 shares, compared to its average volume of 2,374,379. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.44 and a current ratio of 0.50. The firm has a 50-day moving average price of $6.18 and a 200 day moving average price of $9.45. Enable Midstream Partners LP has a 52 week low of $1.61 and a 52 week high of $14.49. The company has a market capitalization of $792.08 million, a price-to-earnings ratio of 2.56 and a beta of 1.48.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were given a $0.3305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.32 annualized dividend and a yield of 62.95%. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 130.69%.
Enable Midstream Partners Company Profile
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.
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