Cbre Clarion Securities LLC decreased its position in shares of Enable Midstream Partners LP (NYSE:ENBL) by 2.8% during the 4th quarter, Holdings Channel reports. The fund owned 177,025 shares of the pipeline company’s stock after selling 5,050 shares during the quarter. Cbre Clarion Securities LLC’s holdings in Enable Midstream Partners were worth $2,517,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of 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 last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Enable Midstream Partners during the 4th quarter valued at about $117,000. Wells Fargo & Company MN raised its holdings in Enable Midstream Partners by 49.0% in the 2nd quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock valued at $429,000 after buying an additional 8,850 shares during the period. Starfire Investment Advisers Inc. purchased a new stake in Enable Midstream Partners in the 4th quarter valued at about $145,000. Finally, GSA Capital Partners LLP raised its holdings in Enable Midstream Partners by 9.9% in the 3rd quarter. GSA Capital Partners LLP now owns 124,937 shares of the pipeline company’s stock valued at $1,996,000 after buying an additional 11,275 shares during the period. 18.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enable Midstream Partners LP (NYSE:ENBL) opened at $13.99 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.29 and a current ratio of 0.33. The stock has a market cap of $6,125.36, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.89 and a beta of 1.89. Enable Midstream Partners LP has a one year low of $13.75 and a one year high of $17.25.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.318 per share. The ex-dividend date was Friday, February 16th. This represents a $1.27 dividend on an annualized basis and a yield of 9.09%. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 136.56%.
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, February 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $18.00 price objective on shares of Enable Midstream Partners in a report on Wednesday, February 21st. UBS Group restated a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of Enable Midstream Partners in a report on Wednesday, February 21st. Bank of America assumed coverage on shares of Enable Midstream Partners in a report on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, R. F. Lafferty assumed coverage on shares of Enable Midstream Partners in a report on Wednesday, December 6th. They issued a “buy” rating and a $19.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.38.
COPYRIGHT VIOLATION WARNING: “Cbre Clarion Securities LLC Sells 5,050 Shares of Enable Midstream Partners LP (ENBL)” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3227495/cbre-clarion-securities-llc-sells-5050-shares-of-enable-midstream-partners-lp-enbl.html.
About Enable Midstream Partners
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.