Conning Inc. Has $1.71 Million Stake in Enable Midstream Partners, LP (ENBL)

Conning Inc. increased its position in Enable Midstream Partners, LP (NYSE:ENBL) by 0.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 107,443 shares of the pipeline company’s stock after buying an additional 590 shares during the period. Conning Inc.’s holdings in Enable Midstream Partners, were worth $1,713,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ENBL. Bank of America Corp DE boosted its stake in shares of Enable Midstream Partners, by 1,181.3% in the first quarter. Bank of America Corp DE now owns 874,024 shares of the pipeline company’s stock worth $14,587,000 after buying an additional 805,809 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Enable Midstream Partners, during the first quarter worth approximately $11,636,000. Goldman Sachs Group Inc. boosted its stake in shares of Enable Midstream Partners, by 33.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,677,492 shares of the pipeline company’s stock worth $27,997,000 after buying an additional 423,558 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Enable Midstream Partners, during the first quarter worth approximately $3,462,000. Finally, Bank of Montreal Can boosted its stake in shares of Enable Midstream Partners, by 3,729.8% in the second quarter. Bank of Montreal Can now owns 207,155 shares of the pipeline company’s stock worth $3,302,000 after buying an additional 201,746 shares in the last quarter. 18.33% of the stock is currently owned by hedge funds and other institutional investors.

Enable Midstream Partners, LP (ENBL) opened at 14.66 on Tuesday. Enable Midstream Partners, LP has a 52-week low of $12.70 and a 52-week high of $17.36. The company has a 50-day moving average price of $15.29 and a 200 day moving average price of $15.91. The company has a market capitalization of $6.34 billion, a PE ratio of 17.39 and a beta of 1.98.

Enable Midstream Partners, (NYSE:ENBL) last released its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share (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 business had revenue of $626 million for the quarter, compared to analyst estimates of $644.27 million. Enable Midstream Partners,’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that Enable Midstream Partners, LP will post $0.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 22nd will be issued a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 8.68%. The ex-dividend date is Friday, August 18th. Enable Midstream Partners,’s dividend payout ratio is currently 147.68%.

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ENBL has been the topic of a number of analyst reports. BidaskClub raised Enable Midstream Partners, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised Enable Midstream Partners, from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, July 17th. Credit Suisse Group raised Enable Midstream Partners, from a “neutral” rating to an “outperform” rating in a research report on Monday, May 15th. Citigroup Inc. reissued a “neutral” rating and issued a $16.25 price target (up from $14.00) on shares of Enable Midstream Partners, in a research report on Thursday, June 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners, in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Enable Midstream Partners, currently has a consensus rating of “Hold” and an average target price of $16.91.

In other Enable Midstream Partners, news, major shareholder Arclight Capital Partners, Llc sold 4,000 shares of Enable Midstream Partners, stock in a transaction on 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 document filed with the SEC, which is available through this link. Insiders sold 127,866 shares of company stock worth $2,063,452 over the last ninety days.

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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