First Mercantile Trust Co. trimmed its holdings in shares of Enable Midstream Partners LP (NYSE:ENBL) by 15.0% in the fourth quarter, HoldingsChannel reports. The firm owned 52,076 shares of the pipeline company’s stock after selling 9,203 shares during the period. First Mercantile Trust Co.’s holdings in Enable Midstream Partners were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ENBL. The Manufacturers Life Insurance Company increased its stake 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 worth $107,000 after purchasing an additional 497 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Enable Midstream Partners during the 4th quarter worth approximately $117,000. Starfire Investment Advisers Inc. purchased a new position in shares of Enable Midstream Partners during the 4th quarter worth approximately $145,000. Citadel Advisors LLC increased its stake in shares of Enable Midstream Partners by 425.8% during the 3rd quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock worth $163,000 after purchasing an additional 13,367 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of Enable Midstream Partners during the 3rd quarter worth approximately $261,000. 18.16% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America assumed coverage on shares of Enable Midstream Partners in a research note on Tuesday, January 9th. They set a “buy” rating for the company. R. F. Lafferty assumed coverage on shares of Enable Midstream Partners in a research note on Wednesday, December 6th. They set a “buy” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. cut shares of Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research note on Tuesday, November 21st. Finally, Goldman Sachs Group assumed coverage on shares of Enable Midstream Partners in a research note on Friday, November 17th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.05.

Shares of Enable Midstream Partners LP (NYSE:ENBL) opened at $15.15 on Thursday. The company has a market cap of $6,518.72, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.89. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.36. Enable Midstream Partners LP has a 12 month low of $13.75 and a 12 month high of $17.36.

WARNING: “First Mercantile Trust Co. Trims Stake in Enable Midstream Partners LP (ENBL)” was posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.dailypolitical.com/2018/02/08/first-mercantile-trust-co-trims-stake-in-enable-midstream-partners-lp-enbl.html.

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.

Want to see what other hedge funds are holding ENBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enable Midstream Partners LP (NYSE:ENBL).

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

Receive News & Ratings for Enable Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enable Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.