Massachusetts Financial Services Co. MA Takes Position in Enable Midstream Partners LP (ENBL)

Massachusetts Financial Services Co. MA purchased a new stake in Enable Midstream Partners LP (NYSE:ENBL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,500,000 shares of the pipeline company’s stock, valued at approximately $25,260,000.

Several other hedge funds also recently modified their holdings of ENBL. Wells Fargo & Company MN increased its stake in shares of Enable Midstream Partners by 21.6% in the first quarter. Wells Fargo & Company MN now owns 30,536 shares of the pipeline company’s stock valued at $419,000 after buying an additional 5,434 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Enable Midstream Partners by 79.8% in the first quarter. The Manufacturers Life Insurance Company now owns 12,752 shares of the pipeline company’s stock valued at $175,000 after buying an additional 5,661 shares during the period. Spirit of America Management Corp NY boosted its position in shares of Enable Midstream Partners by 5.1% during the 2nd quarter. Spirit of America Management Corp NY now owns 714,308 shares of the pipeline company’s stock valued at $12,222,000 after purchasing an additional 34,800 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Enable Midstream Partners during the 2nd quarter valued at about $170,000. Finally, Perella Weinberg Partners Capital Management LP boosted its position in shares of Enable Midstream Partners by 62.6% during the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 882,024 shares of the pipeline company’s stock valued at $15,091,000 after purchasing an additional 339,429 shares in the last quarter. 20.49% of the stock is owned by institutional investors.

Shares of Enable Midstream Partners stock opened at $14.98 on Monday. Enable Midstream Partners LP has a one year low of $12.89 and a one year high of $19.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.34. The stock has a market cap of $6.49 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 2.01 and a beta of 1.74.

Several equities research analysts recently commented on ENBL shares. ValuEngine lowered Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Zacks Investment Research upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, October 10th. Wells Fargo & Co upped their target price on Enable Midstream Partners from $16.00 to $18.00 and gave the company a “market perform” rating in a research report on Friday, August 10th. Barclays upped their target price on Enable Midstream Partners from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, August 29th. Finally, Stifel Nicolaus set a $19.00 target price on Enable Midstream Partners and gave the company a “hold” rating in a research report on Sunday, August 5th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Enable Midstream Partners presently has an average rating of “Hold” and an average target price of $18.44.

Enable Midstream Partners Company Profile

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.

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

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