Pointe Capital Management LLC continued to hold its position in Enable Midstream Partners, LP (NYSE:ENBL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,870 shares of the pipeline company’s stock at the end of the second quarter. Pointe Capital Management LLC’s holdings in Enable Midstream Partners, were worth $189,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Enable Midstream Partners, during the fourth quarter valued at about $1,512,000. Duff & Phelps Investment Management Co. raised its position in Enable Midstream Partners, by 100.0% in the first quarter. Duff & Phelps Investment Management Co. now owns 300,000 shares of the pipeline company’s stock valued at $5,007,000 after buying an additional 150,000 shares during the last quarter. Hollencrest Securities LLC purchased a new position in Enable Midstream Partners, during the first quarter valued at about $995,000. First Mercantile Trust Co. purchased a new position in Enable Midstream Partners, during the first quarter valued at about $1,336,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in Enable Midstream Partners, during the first quarter valued at about $2,393,000. Institutional investors and hedge funds own 18.31% of the company’s stock.

Shares of Enable Midstream Partners, LP (ENBL) opened at 14.82 on Friday. The firm has a 50-day moving average of $15.29 and a 200 day moving average of $15.94. The company has a market capitalization of $6.41 billion, a P/E ratio of 17.58 and a beta of 1.98. Enable Midstream Partners, LP has a 1-year low of $12.70 and a 1-year high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last posted its earnings results on Tuesday, August 1st. The pipeline company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $626 million during the quarter, compared to analysts’ expectations of $644.27 million. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts expect that Enable Midstream Partners, LP will post $0.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 22nd will be given a $0.318 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.27 annualized dividend and a dividend yield of 8.58%. Enable Midstream Partners,’s dividend payout ratio is 147.68%.

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ENBL has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Credit Suisse Group upgraded shares of Enable Midstream Partners, from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $18.00 to $20.00 in a report on Monday, May 8th. Citigroup Inc. restated a “neutral” rating and issued a $16.25 target price (up previously from $14.00) on shares of Enable Midstream Partners, in a report on Thursday, June 1st. Royal Bank Of Canada restated a “hold” rating and issued a $18.00 target price on shares of Enable Midstream Partners, in a report on Tuesday, June 6th. Finally, TheStreet upgraded shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.91.

In other news, major shareholder Arclight Capital Partners, Llc sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $16.00, for a total value of $64,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 157,258 shares of company stock valued at $2,549,596.

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.

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

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