JPMorgan Chase & Co. Decreases Holdings in Enable Midstream Partners LP (ENBL)

JPMorgan Chase & Co. trimmed its holdings in Enable Midstream Partners LP (NYSE:ENBL) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,810,934 shares of the pipeline company’s stock after selling 42,574 shares during the quarter. JPMorgan Chase & Co. owned about 0.42% of Enable Midstream Partners worth $28,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised 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 buying an additional 497 shares during the period. Proficio Capital Partners LLC raised 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 buying an additional 1,117 shares during the period. Wells Fargo & Company MN raised 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 buying an additional 8,850 shares during the period. Advisors Asset Management Inc. raised its position in shares of Enable Midstream Partners by 3,084.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 31,047 shares of the pipeline company’s stock valued at $496,000 after buying an additional 30,072 shares during the period. Finally, Global X Management Co. LLC raised 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 buying an additional 1,154 shares during the period. 18.17% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on ENBL shares. BidaskClub raised shares of Enable Midstream Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. R. F. Lafferty started coverage on shares of Enable Midstream Partners in a research report on Wednesday, December 6th. They set a “buy” rating and a $19.00 price target on the stock. Royal Bank of Canada reaffirmed a “hold” rating on shares of Enable Midstream Partners in a research report on Monday, October 23rd. Tudor Pickering lowered shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, J P Morgan Chase & Co lowered Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Enable Midstream Partners has an average rating of “Hold” and a consensus target price of $17.71.

Shares of Enable Midstream Partners LP (NYSE:ENBL) traded down $0.05 during midday trading on Thursday, reaching $14.70. The company’s stock had a trading volume of 264,200 shares, compared to its average volume of 211,241. The stock has a market capitalization of $6,380.30, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 3.29 and a beta of 1.93. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36. Enable Midstream Partners LP has a 52 week low of $13.75 and a 52 week high of $17.36.

Enable Midstream Partners (NYSE:ENBL) last announced its earnings results 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. The company had revenue of $705.00 million for the quarter, compared to analyst estimates of $688.61 million. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. analysts predict that Enable Midstream Partners LP will post 0.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 14th were given a $0.318 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend was Monday, November 13th. Enable Midstream Partners’s payout ratio is 151.19%.

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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.

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

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