Level Four Advisory Services LLC Has $358,000 Position in Enable Midstream Partners, LP (ENBL)

Level Four Advisory Services LLC cut its stake in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 5.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,161 shares of the pipeline company’s stock after selling 1,306 shares during the period. Level Four Advisory Services LLC’s holdings in Enable Midstream Partners, were worth $358,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ENBL. Raymond James Financial Services Advisors Inc. raised its position in Enable Midstream Partners, by 0.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 44,480 shares of the pipeline company’s stock valued at $742,000 after buying an additional 300 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Enable Midstream Partners, by 2.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,206 shares of the pipeline company’s stock valued at $931,000 after buying an additional 1,193 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Enable Midstream Partners, by 7.1% in the first quarter. Parkside Financial Bank & Trust now owns 27,805 shares of the pipeline company’s stock valued at $464,000 after buying an additional 1,855 shares in the last quarter. Cutter & CO Brokerage Inc. raised its position in Enable Midstream Partners, by 1.7% in the first quarter. Cutter & CO Brokerage Inc. now owns 139,910 shares of the pipeline company’s stock valued at $2,335,000 after buying an additional 2,365 shares in the last quarter. Finally, Heritage Trust Co purchased a new position in Enable Midstream Partners, during the first quarter valued at $100,000. Institutional investors own 18.23% of the company’s stock.

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

Shares of Enable Midstream Partners, LP (NYSE ENBL) traded up 3.26% during trading on Friday, hitting $14.87. The company’s stock had a trading volume of 159,216 shares. The company has a market capitalization of $6.43 billion, a P/E ratio of 20.15 and a beta of 2.02. The firm’s 50 day moving average is $15.88 and its 200-day moving average is $16.09. Enable Midstream Partners, LP has a 1-year low of $11.95 and a 1-year high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last issued 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 for the quarter, compared to analyst estimates of $635.20 million. Enable Midstream Partners, had a return on equity of 4.50% and a net margin of 13.71%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. Analysts forecast that Enable Midstream Partners, LP will post $0.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Tuesday, May 23rd were paid a dividend of $0.318 per share. The ex-dividend date of this dividend was Friday, May 19th. This represents a $1.27 annualized dividend and a yield of 8.55%. Enable Midstream Partners,’s payout ratio is 171.62%.

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Several equities analysts have recently weighed in on ENBL shares. Credit Suisse Group raised Enable Midstream Partners, from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $20.00 in a research note on Monday, May 8th. Zacks Investment Research raised Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Citigroup Inc. reissued a “neutral” rating and set a $16.25 price target (up from $14.00) on shares of Enable Midstream Partners, in a research report on Thursday, June 1st. TheStreet raised Enable Midstream Partners, from a “c” rating to a “b-” rating in a research report on Monday, June 5th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $18.00 price target on shares of Enable Midstream Partners, in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.91.

In related news, major shareholder Arclight Capital Partners, Llc sold 67,308 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $16.23, for a total transaction of $1,092,408.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 317,552 shares of company stock valued at $5,195,539.

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.

Want to see what other hedge funds are holding ENBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enable Midstream Partners, LP (NYSE:ENBL).

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