Teacher Retirement System of Texas lowered its stake in shares of Enable Midstream Partners LP (NYSE:ENBL) by 96.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 29,592 shares of the pipeline company’s stock after selling 752,660 shares during the period. Teacher Retirement System of Texas’ holdings in Enable Midstream Partners were worth $297,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Sigma Planning Corp grew its position in Enable Midstream Partners by 107.2% during the fourth quarter. Sigma Planning Corp now owns 29,213 shares of the pipeline company’s stock valued at $293,000 after buying an additional 15,115 shares during the period. First Trust Advisors LP raised its holdings in shares of Enable Midstream Partners by 77.7% in the 4th quarter. First Trust Advisors LP now owns 995,729 shares of the pipeline company’s stock worth $9,987,000 after purchasing an additional 435,467 shares during the period. California Public Employees Retirement System lifted its stake in Enable Midstream Partners by 9.6% in the fourth quarter. California Public Employees Retirement System now owns 61,600 shares of the pipeline company’s stock valued at $618,000 after purchasing an additional 5,413 shares during the last quarter. NEXT Financial Group Inc grew its holdings in Enable Midstream Partners by 106.9% during the fourth quarter. NEXT Financial Group Inc now owns 30,000 shares of the pipeline company’s stock valued at $301,000 after purchasing an additional 15,500 shares during the period. Finally, Stifel Financial Corp bought a new position in Enable Midstream Partners during the third quarter valued at $278,000. Institutional investors and hedge funds own 17.67% of the company’s stock.
Shares of ENBL stock traded down $0.12 during trading on Thursday, reaching $7.98. 866,753 shares of the company’s stock traded hands, compared to its average volume of 844,679. The firm’s 50-day moving average is $9.78 and its 200 day moving average is $10.78. The company has a market capitalization of $3.56 billion, a P/E ratio of 6.76, a PEG ratio of 1.51 and a beta of 1.23. Enable Midstream Partners LP has a 1 year low of $7.82 and a 1 year high of $15.47. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 0.55.
ENBL has been the topic of several research reports. Wells Fargo & Co upgraded Enable Midstream Partners from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a research note on Tuesday, January 7th. ValuEngine upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, Zacks Investment Research raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Enable Midstream Partners presently has a consensus rating of “Hold” and an average price target of $15.43.
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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