Morgan Stanley reduced its position in Enable Midstream Partners, LP (NYSE:ENBL) by 41.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 876,531 shares of the pipeline company’s stock after selling 616,393 shares during the period. Morgan Stanley owned about 0.20% of Enable Midstream Partners, worth $14,630,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Enable Midstream Partners, by 8.4% in the first quarter. JPMorgan Chase & Co. now owns 2,004,167 shares of the pipeline company’s stock valued at $33,450,000 after buying an additional 155,300 shares in the last quarter. Center Coast Capital Advisors LP boosted its position in Enable Midstream Partners, by 0.4% in the first quarter. Center Coast Capital Advisors LP now owns 1,858,207 shares of the pipeline company’s stock valued at $31,013,000 after buying an additional 7,100 shares in the last quarter. Brookfield Asset Management Inc. boosted its position in Enable Midstream Partners, by 9,694.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 930,500 shares of the pipeline company’s stock valued at $14,637,000 after buying an additional 921,000 shares in the last quarter. FMR LLC bought a new position in Enable Midstream Partners, during the fourth quarter valued at about $9,046,000. Finally, UBS Group AG boosted its position in Enable Midstream Partners, by 17.2% in the first quarter. UBS Group AG now owns 493,492 shares of the pipeline company’s stock valued at $8,236,000 after buying an additional 72,370 shares in the last quarter. Institutional investors own 18.28% of the company’s stock.

Shares of Enable Midstream Partners, LP (NYSE ENBL) opened at 15.98 on Wednesday. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 21.65 and a beta of 2.02. Enable Midstream Partners, LP has a 12-month low of $11.95 and a 12-month high of $17.36. The company has a 50-day moving average of $15.25 and a 200 day moving average of $16.06.

Enable Midstream Partners, (NYSE:ENBL) last posted its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. The business had revenue of $666 million during the quarter, compared to analysts’ expectations of $635.20 million. Enable Midstream Partners, had a return on equity of 4.50% and a net margin of 13.71%. The business’s revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Analysts predict that Enable Midstream Partners, LP will post $0.83 earnings per share for the current year.

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Several equities analysts have issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and set a $18.00 target price on shares of Enable Midstream Partners, in a research note on Tuesday, June 6th. Zacks Investment Research cut shares of Enable Midstream Partners, from a “buy” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group raised shares of Enable Midstream Partners, from a “neutral” rating to an “outperform” rating and upped their price target for the company from $18.00 to $20.00 in a research report on Monday, May 8th. BidaskClub raised shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, TheStreet raised shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a research report on Monday, June 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.91.

In other news, major shareholder Arclight Capital Partners, Llc sold 67,308 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $16.23, for a total value of $1,092,408.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 343,153 shares of company stock valued at $5,605,206 over the last 90 days.

Enable Midstream Partners, Company Profile

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.

Institutional Ownership by Quarter for Enable Midstream Partners, (NYSE:ENBL)

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