Allianz Asset Management GmbH trimmed its holdings in shares of Enable Midstream Partners LP (NYSE:ENBL) by 50.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,387 shares of the pipeline company’s stock after selling 82,042 shares during the quarter. Allianz Asset Management GmbH’s holdings in Enable Midstream Partners were worth $1,143,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Evergreen Capital Management LLC increased its position 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 worth $11,729,000 after buying an additional 89,450 shares during the last quarter. Cohen & Steers Inc. grew its position in shares of Enable Midstream Partners by 109.6% in the third quarter. Cohen & Steers Inc. now owns 501,449 shares of the pipeline company’s stock valued at $8,013,000 after purchasing an additional 262,158 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Enable Midstream Partners in the fourth quarter valued at about $6,058,000. Global X Management Co. LLC grew its position in shares of Enable Midstream Partners by 260.9% in the fourth quarter. Global X Management Co. LLC now owns 173,764 shares of the pipeline company’s stock valued at $2,471,000 after purchasing an additional 125,616 shares during the last quarter. Finally, Conning Inc. grew its position in shares of Enable Midstream Partners by 16.2% in the fourth quarter. Conning Inc. now owns 127,361 shares of the pipeline company’s stock valued at $1,811,000 after purchasing an additional 17,793 shares during the last quarter. 18.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enable Midstream Partners LP (NYSE ENBL) opened at $13.19 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.29. Enable Midstream Partners LP has a 1 year low of $12.89 and a 1 year high of $17.25. The stock has a market capitalization of $5,705.76, a PE ratio of 14.18, a PEG ratio of 1.78 and a beta of 1.86.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th were paid a $0.318 dividend. This represents a $1.27 annualized dividend and a dividend yield of 9.64%. The ex-dividend date was Friday, February 16th. Enable Midstream Partners’s payout ratio is presently 136.56%.
Several brokerages have recently issued reports on ENBL. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, February 13th. UBS reaffirmed a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of Enable Midstream Partners in a research report on Friday, March 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $18.00 price target on shares of Enable Midstream Partners in a research report on Wednesday, February 21st. Bank of America began coverage on Enable Midstream Partners in a research report on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, R. F. Lafferty began coverage on Enable Midstream Partners in a research report on Wednesday, December 6th. They issued a “buy” rating and a $19.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.21.
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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.
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