Enable Midstream Partners LP (NYSE:ENBL) major shareholder Arclight Capital Partners, Llc sold 52,001 shares of the business’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $15.22, for a total value of $791,455.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, October 13th, Arclight Capital Partners, Llc sold 33,559 shares of Enable Midstream Partners stock. The stock was sold at an average price of $15.64, for a total value of $524,862.76.
  • 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.

Shares of Enable Midstream Partners LP (NYSE:ENBL) traded down 0.77% during midday trading on Tuesday, hitting $15.51. The stock had a trading volume of 138,540 shares. The firm’s market cap is $6.55 billion. Enable Midstream Partners LP has a 52-week low of $5.38 and a 52-week high of $16.50. The firm’s 50 day moving average price is $15.18 and its 200 day moving average price is $13.44.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.10. The company earned $529 million during the quarter, compared to the consensus estimate of $647.32 million. On average, equities research analysts expect that Enable Midstream Partners LP will post $0.67 earnings per share for the current year.

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

A number of large investors have recently bought and sold shares of ENBL. Eqis Capital Management Inc. purchased a new stake in Enable Midstream Partners during the third quarter valued at about $154,000. Global X Management Co. LLC purchased a new stake in Enable Midstream Partners during the second quarter valued at about $173,000. State Street Corp boosted its stake in Enable Midstream Partners by 3.9% in the first quarter. State Street Corp now owns 23,794 shares of the company’s stock valued at $204,000 after buying an additional 890 shares during the last quarter. Grassi Investment Management boosted its stake in Enable Midstream Partners by 0.6% in the second quarter. Grassi Investment Management now owns 16,450 shares of the company’s stock valued at $222,000 after buying an additional 100 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Enable Midstream Partners during the second quarter valued at about $245,000.

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