HighTower Advisors LLC grew its position in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,474 shares of the pipeline company’s stock after purchasing an additional 4,000 shares during the period. HighTower Advisors LLC’s holdings in Enable Midstream Partners were worth $386,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of ENBL. Archford Capital Strategies LLC grew its position in Enable Midstream Partners by 7.7% in the second quarter. Archford Capital Strategies LLC now owns 21,647 shares of the pipeline company’s stock worth $197,000 after acquiring an additional 1,543 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Enable Midstream Partners by 12.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,283 shares of the pipeline company’s stock worth $148,000 after acquiring an additional 1,823 shares in the last quarter. CIBC Asset Management Inc grew its position in Enable Midstream Partners by 14.8% in the first quarter. CIBC Asset Management Inc now owns 18,891 shares of the pipeline company’s stock worth $122,000 after acquiring an additional 2,436 shares in the last quarter. SageGuard Financial Group LLC grew its position in Enable Midstream Partners by 3.8% in the first quarter. SageGuard Financial Group LLC now owns 83,839 shares of the pipeline company’s stock worth $543,000 after acquiring an additional 3,061 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Enable Midstream Partners by 64.9% in the first quarter. BNP Paribas Arbitrage SA now owns 21,420 shares of the pipeline company’s stock worth $139,000 after acquiring an additional 8,428 shares in the last quarter. Hedge funds and other institutional investors own 11.78% of the company’s stock.
Separately, Zacks Investment Research lowered Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 2nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.65.
Enable Midstream Partners (NYSE:ENBL) last announced its earnings results on Wednesday, August 4th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. Enable Midstream Partners had a return on equity of 6.02% and a net margin of 5.99%. The business had revenue of $787.00 million during the quarter. Equities research analysts expect that Enable Midstream Partners, LP will post 0.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 24th. Stockholders of record on Thursday, August 12th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend was Wednesday, August 11th. Enable Midstream Partners’s dividend payout ratio is presently 95.65%.
Enable Midstream Partners Profile
Enable Midstream Partners LP owns, operates and develops natural gas and crude oil infrastructure assets. It operates through the following segments: Gathering & Processing, and Transportation & Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services, as well as crude oil gathering services for its producer customers.
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