Enable Midstream Partners LP (ENBL) Stake Lowered by Perella Weinberg Partners Capital Management LP

Perella Weinberg Partners Capital Management LP decreased its stake in shares of Enable Midstream Partners LP (NYSE:ENBL) by 64.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 312,319 shares of the pipeline company’s stock after selling 569,705 shares during the quarter. Perella Weinberg Partners Capital Management LP owned about 0.07% of Enable Midstream Partners worth $5,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. First Allied Advisory Services Inc. acquired a new stake in shares of Enable Midstream Partners during the 2nd quarter worth approximately $201,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Enable Midstream Partners during the 2nd quarter worth approximately $684,000. CIBC Asset Management Inc acquired a new stake in shares of Enable Midstream Partners during the 2nd quarter worth approximately $268,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Enable Midstream Partners during the 2nd quarter worth approximately $8,666,000. Finally, Advisors Asset Management Inc. grew its position in shares of Enable Midstream Partners by 106.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 115,218 shares of the pipeline company’s stock worth $1,274,000 after buying an additional 59,503 shares during the period. 20.04% of the stock is owned by institutional investors.

NYSE ENBL opened at $14.98 on Friday. Enable Midstream Partners LP has a 12-month low of $12.89 and a 12-month high of $19.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.34 and a quick ratio of 0.31. The firm has a market capitalization of $6.49 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.74.

ENBL has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine raised shares of Enable Midstream Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Barclays raised their price objective on shares of Enable Midstream Partners from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Bank of America reduced their price objective on shares of Enable Midstream Partners from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Finally, Stifel Nicolaus set a $19.00 price objective on shares of Enable Midstream Partners and gave the stock a “hold” rating in a research report on Sunday, August 5th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.44.

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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Institutional Ownership by Quarter for Enable Midstream Partners (NYSE:ENBL)

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