Citigroup Inc. Has $283,000 Stake in Enable Midstream Partners, LP (NYSE:ENBL)

Citigroup Inc. decreased its position in Enable Midstream Partners, LP (NYSE:ENBL) by 70.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,741 shares of the pipeline company’s stock after selling 43,158 shares during the quarter. Citigroup Inc.’s holdings in Enable Midstream Partners, were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. GSA Capital Partners LLP increased its position in Enable Midstream Partners, by 13.4% in the second quarter. GSA Capital Partners LLP now owns 113,662 shares of the pipeline company’s stock worth $1,812,000 after buying an additional 13,462 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Enable Midstream Partners, by 49.0% during the second quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 8,850 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of Enable Midstream Partners, by 34.2% during the second quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock worth $10,274,000 after purchasing an additional 164,325 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Enable Midstream Partners, by 5.7% during the second quarter. Neuberger Berman Group LLC now owns 39,418 shares of the pipeline company’s stock worth $628,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. grew its position in shares of Enable Midstream Partners, by 1.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 142,348 shares of the pipeline company’s stock worth $2,269,000 after purchasing an additional 2,438 shares in the last quarter. Institutional investors and hedge funds own 18.04% of the company’s stock.



Several research firms have weighed in on ENBL. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Enable Midstream Partners, in a research note on Monday, October 23rd. BidaskClub raised Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. Zacks Investment Research lowered Enable Midstream Partners, from a “buy” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Tudor Pickering lowered Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.21.

In other news, Director Sean Trauschke purchased 2,500 shares of Enable Midstream Partners, stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $14.05 per share, for a total transaction of $35,125.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $70,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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Shares of Enable Midstream Partners, LP (ENBL) opened at 15.17 on Friday. The stock has a market cap of $6.56 billion, a P/E ratio of 18.00 and a beta of 1.98. The firm’s 50-day moving average price is $15.30 and its 200 day moving average price is $15.40. Enable Midstream Partners, LP has a 1-year low of $13.75 and a 1-year high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. The business had revenue of $626.00 million during the quarter, compared to analyst estimates of $644.27 million. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities analysts expect that Enable Midstream Partners, LP will post $0.85 earnings per share for the current fiscal year.

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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