Enable Midstream Partners LP (NYSE:ENBL) major shareholder Arclight Capital Partners, Llc sold 33,559 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $15.64, for a total value of $524,862.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Arclight Capital Partners, Llc also recently made the following trade(s):

  • On Friday, July 22nd, Arclight Capital Partners, Llc sold 24,612 shares of Enable Midstream Partners stock. The stock was sold at an average price of $14.26, for a total value of $350,967.12.
  • On Wednesday, July 20th, Arclight Capital Partners, Llc sold 126,661 shares of Enable Midstream Partners stock. The stock was sold at an average price of $14.38, for a total value of $1,821,385.18.
  • On Monday, July 18th, Arclight Capital Partners, Llc sold 25,350 shares of Enable Midstream Partners stock. The stock was sold at an average price of $14.60, for a total value of $370,110.00.

Enable Midstream Partners LP (NYSE:ENBL) opened at 15.38 on Monday. The company’s 50-day moving average price is $15.13 and its 200 day moving average price is $13.32. Enable Midstream Partners LP has a 52 week low of $5.38 and a 52 week high of $16.50. The stock’s market capitalization is $6.50 billion.

Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.10. The business earned $529 million during the quarter, compared to the consensus estimate of $647.32 million. Equities research analysts expect that Enable Midstream Partners LP will post $0.67 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Enable Midstream Partners (NYSE:ENBL)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in Enable Midstream Partners during the second quarter worth approximately $4,539,000. State Street Corp boosted its position in Enable Midstream Partners by 3.9% in the first quarter. State Street Corp now owns 23,794 shares of the company’s stock worth $204,000 after buying an additional 890 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Enable Midstream Partners by 19.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 23,283 shares of the company’s stock worth $315,000 after buying an additional 3,863 shares during the period. Spirit of America Management Corp NY boosted its position in Enable Midstream Partners by 579.1% in the second quarter. Spirit of America Management Corp NY now owns 250,101 shares of the company’s stock worth $3,379,000 after buying an additional 213,272 shares during the period. Finally, GSA Capital Partners LLP boosted its position in Enable Midstream Partners by 54.0% in the second quarter. GSA Capital Partners LLP now owns 96,700 shares of the company’s stock worth $1,306,000 after buying an additional 33,900 shares during the period.

A number of brokerages have recently issued reports on ENBL. Goldman Sachs Group Inc. upgraded Enable Midstream Partners from a “sell” rating to a “neutral” rating and lifted their price target for the company from $13.00 to $16.00 in a report on Monday, September 19th. Wolfe Research began coverage on Enable Midstream Partners in a report on Friday, October 7th. They issued a “hold” rating and a $16.00 price target on the stock. Zacks Investment Research upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, July 11th. Barclays PLC downgraded Enable Midstream Partners from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $13.00 to $14.00 in a report on Monday, June 20th. Finally, Credit Suisse Group AG downgraded Enable Midstream Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.56.

About Enable Midstream Partners

Enable Midstream Partners LP owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. It serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.

5 Day Chart for NYSE:ENBL

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