Insider Selling: Enable Midstream Partners LP (ENBL) Major Shareholder Sells $1,092,408.84 in Stock

Enable Midstream Partners LP (NYSE:ENBL) major shareholder Arclight Capital Partners, Llc sold 67,308 shares of Enable Midstream Partners stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, May 16th, Arclight Capital Partners, Llc sold 29,392 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.54, for a total value of $486,143.68.
  • On Friday, May 12th, Arclight Capital Partners, Llc sold 21,845 shares of Enable Midstream Partners stock. The stock was sold at an average price of $16.77, for a total value of $366,340.65.
  • On Wednesday, May 10th, Arclight Capital Partners, Llc sold 48,807 shares of Enable Midstream Partners stock. The shares were sold at an average price of $16.61, for a total transaction of $810,684.27.
  • On Monday, May 8th, Arclight Capital Partners, Llc sold 51,935 shares of Enable Midstream Partners stock. The shares were sold at an average price of $16.37, for a total transaction of $850,175.95.

Shares of Enable Midstream Partners LP (NYSE:ENBL) traded up 2.34% during mid-day trading on Friday, hitting $16.10. The stock had a trading volume of 59,230 shares. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 21.82 and a beta of 2.08. Enable Midstream Partners LP has a one year low of $11.95 and a one year high of $17.36. The company has a 50-day moving average of $16.50 and a 200 day moving average of $16.11.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. Enable Midstream Partners had a return on equity of 4.23% and a net margin of 13.31%. The company had revenue of $666 million during the quarter, compared to the consensus estimate of $635.20 million. During the same period last year, the business earned $0.19 EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities research analysts forecast that Enable Midstream Partners LP will post $0.84 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Friday, May 19th. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 186.77%.

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Several research analysts recently weighed in on the stock. Credit Suisse Group AG raised shares of Enable Midstream Partners from a “neutral” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research raised shares of Enable Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.63.

Large investors have recently bought and sold shares of the company. Advisory Research Inc. raised its position in shares of Enable Midstream Partners by 19.8% in the fourth quarter. Advisory Research Inc. now owns 7,761,905 shares of the pipeline company’s stock worth $122,094,000 after buying an additional 1,280,250 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 worth $33,450,000 after buying an additional 155,300 shares in the last quarter. Center Coast Capital Advisors LP raised its position in shares of 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 worth $31,013,000 after buying an additional 7,100 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Enable Midstream Partners by 33.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,677,492 shares of the pipeline company’s stock worth $27,997,000 after buying an additional 423,558 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its position in shares of Enable Midstream Partners by 0.3% in the first quarter. Brookfield Asset Management Inc. now owns 933,600 shares of the pipeline company’s stock worth $15,582,000 after buying an additional 3,100 shares in the last quarter. 16.62% of the stock is owned by institutional investors.

About Enable Midstream Partners

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.

5 Day Chart for NYSE:ENBL

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