Cohen & Steers Inc. Purchases 262,158 Shares of Enable Midstream Partners LP (ENBL)

Cohen & Steers Inc. increased its position in shares of Enable Midstream Partners LP (NYSE:ENBL) by 109.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 501,449 shares of the pipeline company’s stock after acquiring an additional 262,158 shares during the period. Cohen & Steers Inc. owned about 0.12% of Enable Midstream Partners worth $8,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. HITE Hedge Asset Management LLC raised its holdings in Enable Midstream Partners by 28.4% during the third quarter. HITE Hedge Asset Management LLC now owns 116,800 shares of the pipeline company’s stock valued at $1,866,000 after buying an additional 25,807 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Enable Midstream Partners by 13.9% during the third quarter. Evergreen Capital Management LLC now owns 733,975 shares of the pipeline company’s stock valued at $11,729,000 after buying an additional 89,450 shares in the last quarter. Citadel Advisors LLC raised its holdings in Enable Midstream Partners by 425.8% during the third 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 in the last quarter. Advisors Asset Management Inc. raised its holdings in Enable Midstream Partners by 3,084.3% during the third quarter. Advisors Asset Management Inc. now owns 31,047 shares of the pipeline company’s stock valued at $496,000 after buying an additional 30,072 shares in the last quarter. Finally, Center Coast Capital Advisors LP raised its holdings in Enable Midstream Partners by 7.9% during the third quarter. Center Coast Capital Advisors LP now owns 2,065,987 shares of the pipeline company’s stock valued at $33,014,000 after buying an additional 150,444 shares in the last quarter. Institutional investors and hedge funds own 18.17% of the company’s stock.

Several equities analysts have weighed in on ENBL shares. BidaskClub lowered Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners in a research report on Sunday, September 17th. Goldman Sachs Group started coverage on Enable Midstream Partners in a research report on Friday, November 17th. They issued a “neutral” rating on the stock. J P Morgan Chase & Co downgraded Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Tudor Pickering downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.71.

Shares of Enable Midstream Partners LP (NYSE ENBL) opened at $14.64 on Monday. The stock has a market capitalization of $6,332.72, a PE ratio of 17.43, a PEG ratio of 3.27 and a beta of 1.93. Enable Midstream Partners LP has a 1 year low of $13.75 and a 1 year high of $17.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.54 and a quick ratio of 0.49.

Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $688.61 million. During the same period last year, the business posted $0.26 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. sell-side analysts predict that Enable Midstream Partners LP will post 0.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 14th were given a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date of this dividend was Monday, November 13th. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 151.19%.

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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.

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

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