Enable Midstream Partners, LP (ENBL) Shares Bought by Global X MANAGEMENT CO LLC

Global X MANAGEMENT CO LLC raised its stake in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 39.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 48,148 shares of the pipeline company’s stock after acquiring an additional 13,635 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Enable Midstream Partners, were worth $769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in Enable Midstream Partners, by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after acquiring an additional 497 shares during the period. Proficio Capital Partners LLC increased its position in shares of Enable Midstream Partners, by 8.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 14,450 shares of the pipeline company’s stock valued at $221,000 after purchasing an additional 1,117 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Enable Midstream Partners, by 49.0% during the 2nd quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 8,850 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Enable Midstream Partners, by 3.5% during the 2nd quarter. Global X Management Co. LLC now owns 34,513 shares of the pipeline company’s stock valued at $550,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Enable Midstream Partners, by 5.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 39,418 shares of the pipeline company’s stock valued at $628,000 after purchasing an additional 2,117 shares during the last quarter. Institutional investors and hedge funds own 18.16% of the company’s stock.

In related news, Director Sean Trauschke acquired 2,500 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $14.05 per share, with a total value of $35,125.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $70,250. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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Several research firms have recently commented on ENBL. BidaskClub raised shares of Enable Midstream Partners, from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $18.00 price target on shares of Enable Midstream Partners, in a research report on Sunday, September 17th. Zacks Investment Research raised shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Tudor Pickering lowered shares of Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Enable Midstream Partners, presently has a consensus rating of “Hold” and a consensus price target of $17.45.

Shares of Enable Midstream Partners, LP (ENBL) opened at $14.94 on Friday. The stock has a market cap of $6,501.42, a P/E ratio of 17.89, a P/E/G ratio of 3.47 and a beta of 1.94. Enable Midstream Partners, LP has a fifty-two week low of $13.75 and a fifty-two week high of $17.36. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.36.

Enable Midstream Partners, (NYSE:ENBL) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Enable Midstream Partners, had a net margin of 14.82% and a return on equity of 5.24%. The business had revenue of $705.00 million during the quarter, compared to analyst estimates of $688.61 million. During the same period last year, the firm posted $0.26 EPS. The company’s revenue was up 13.7% on a year-over-year basis. analysts predict that Enable Midstream Partners, LP will post 0.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date of this dividend is Monday, November 13th. Enable Midstream Partners,’s dividend payout ratio (DPR) is currently 151.19%.

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.

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

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