Conning Inc. lowered its stake in shares of Enable Midstream Partners LP (NYSE:ENBL) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 211,544 shares of the company’s stock after selling 5,919 shares during the period. Conning Inc.’s holdings in Enable Midstream Partners were worth $2,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ENBL. Grassi Investment Management increased its stake in Enable Midstream Partners by 0.6% in the second quarter. Grassi Investment Management now owns 16,450 shares of the company’s stock valued at $222,000 after buying an additional 100 shares during the period. Hollencrest Securities LLC purchased a new stake in Enable Midstream Partners during the second quarter valued at $952,000. Spirit of America Management Corp NY increased its stake in Enable Midstream Partners by 579.1% in the second quarter. Spirit of America Management Corp NY now owns 250,101 shares of the company’s stock valued at $3,379,000 after buying an additional 213,272 shares during the period. Barclays PLC increased its stake in Enable Midstream Partners by 26.6% in the first quarter. Barclays PLC now owns 67,435 shares of the company’s stock valued at $540,000 after buying an additional 14,157 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Enable Midstream Partners by 696.0% in the first quarter. Goldman Sachs Group Inc. now owns 231,409 shares of the company’s stock valued at $1,981,000 after buying an additional 202,336 shares during the period.

Shares of Enable Midstream Partners LP (NYSE:ENBL) traded up 3.30% on Thursday, reaching $15.65. The company had a trading volume of 166,474 shares. The company’s market capitalization is $6.61 billion. Enable Midstream Partners LP has a one year low of $5.38 and a one year high of $16.50. The company’s 50-day moving average is $14.04 and its 200-day moving average is $12.41.

Enable Midstream Partners (NYSE:ENBL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.10. The business had revenue of $529 million for the quarter, compared to analyst estimates of $647.32 million. Equities research analysts predict that Enable Midstream Partners LP will post $0.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 16th were issued a $0.318 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.27 annualized dividend and a dividend yield of 8.13%.

Several equities research analysts recently weighed in on the company. TheStreet raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Credit Suisse Group AG downgraded Enable Midstream Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Tuesday, September 13th. Zacks Investment Research downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Goldman Sachs Group Inc. raised Enable Midstream Partners from a “sell” rating to a “neutral” rating and raised their price objective for the company from $13.00 to $16.00 in a report on Monday. Finally, Barclays PLC lowered Enable Midstream Partners from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $13.00 to $14.00 in a research report on Monday, June 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.38.

In other news, major shareholder Arclight Capital Partners, Llc sold 24,612 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $14.26, for a total value of $350,967.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Enable Midstream Partners Company Profile

Enable Midstream Partners LP owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. It serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.

5 Day Chart for NYSE:ENBL

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