Clearbridge Investments LLC boosted its stake in Enable Midstream Partners LP (NYSE:ENBL) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,498,797 shares of the pipeline company’s stock after buying an additional 217,193 shares during the period. Clearbridge Investments LLC’s holdings in Enable Midstream Partners were worth $78,193,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Enable Midstream Partners by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after buying an additional 497 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Enable Midstream Partners in the 4th quarter valued at about $117,000. Starfire Investment Advisers Inc. acquired a new position in Enable Midstream Partners in the 4th quarter valued at about $145,000. Citadel Advisors LLC grew its stake in Enable Midstream Partners by 425.8% in the 3rd quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock valued at $163,000 after buying an additional 13,367 shares during the last quarter. Finally, Koch Industries Inc. acquired a new position in Enable Midstream Partners in the 4th quarter valued at about $195,000. Institutional investors and hedge funds own 18.31% of the company’s stock.
A number of brokerages recently commented on ENBL. Zacks Investment Research upgraded shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. lowered shares of Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research note on Tuesday, November 21st. Goldman Sachs Group began coverage on shares of Enable Midstream Partners in a research note on Friday, November 17th. They issued a “neutral” rating on the stock. R. F. Lafferty began coverage on shares of Enable Midstream Partners in a research report on Wednesday, December 6th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Bank of America began coverage on shares of Enable Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.21.
Enable Midstream Partners (NYSE:ENBL) last announced its earnings results on Tuesday, February 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. Enable Midstream Partners had a net margin of 15.23% and a return on equity of 5.81%. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $678.22 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 31.3% compared to the same quarter last year. sell-side analysts expect that Enable Midstream Partners LP will post 0.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.318 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.91%. Enable Midstream Partners’s payout ratio is presently 136.56%.
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.
Want to see what other hedge funds are holding ENBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enable Midstream Partners LP (NYSE:ENBL).
Receive News & Ratings for Enable Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enable Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.