Tortoise Capital Advisors L.L.C. grew its position in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 939.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 722,025 shares of the pipeline company’s stock after purchasing an additional 652,575 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in Enable Midstream Partners were worth $4,679,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ENBL. Clear Street Markets LLC acquired a new stake in shares of Enable Midstream Partners during the 4th quarter worth about $53,000. FormulaFolio Investments LLC acquired a new stake in shares of Enable Midstream Partners in the fourth quarter worth approximately $60,000. XTX Topco Ltd acquired a new stake in shares of Enable Midstream Partners in the first quarter worth approximately $73,000. Easterly Investment Partners LLC acquired a new stake in shares of Enable Midstream Partners in the first quarter worth approximately $76,000. Finally, RFG Advisory LLC acquired a new stake in shares of Enable Midstream Partners in the first quarter worth approximately $87,000. 11.90% of the stock is currently owned by institutional investors.
NYSE ENBL traded up $0.08 during mid-day trading on Thursday, hitting $8.54. The company’s stock had a trading volume of 17,645 shares, compared to its average volume of 958,603. Enable Midstream Partners, LP has a 52-week low of $3.94 and a 52-week high of $9.91. The company has a fifty day moving average price of $8.92. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 11.82 and a beta of 2.49.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 25th. Investors of record on Thursday, May 13th were issued a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 12th. This represents a $0.66 annualized dividend and a yield of 7.73%. Enable Midstream Partners’s payout ratio is 95.65%.
Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Enable Midstream Partners from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 13th. Zacks Investment Research cut shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.65.
About Enable Midstream Partners
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 and processing services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Anadarko and Williston basins for its producer customers.
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