Trading Report: The 33,559 Shares of Enable Midstream Partners LP (ENBL) Stock are sold by Arclight Capital Partners, Llc

The 33,559 Shares of Enable Midstream Partners LP (ENBL) Stock are sold by Arclight Capital Partners, Llc

Enable Midstream Partners LP (NYSE:ENBL) major shareholder Arclight Capital Partners, Llc sold 33,559 shares of Enable Midstream Partners stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $15.64, for a total transaction of $524,862.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 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 transaction 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 transaction 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 transaction of $370,110.00.

Enable Midstream Partners LP (NYSE:ENBL) opened at 15.63 on Tuesday. The firm’s market cap is $6.60 billion. Enable Midstream Partners LP has a 12-month low of $5.38 and a 12-month high of $16.50. The company’s 50 day moving average is $15.18 and its 200 day moving average is $13.44.

Enable Midstream Partners (NYSE:ENBL) last released its earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by $0.10. The company had revenue of $529 million for the quarter, compared to analyst estimates of $647.32 million. On average, equities analysts anticipate that Enable Midstream Partners LP will post $0.67 earnings per share for the current year.

ENBL has been the subject of several recent analyst reports. Goldman Sachs Group Inc. raised shares of Enable Midstream Partners from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $13.00 to $16.00 in a research note on Monday, September 19th. Wolfe Research initiated coverage on shares of Enable Midstream Partners in a research note on Friday, October 7th. They issued a “hold” rating and a $16.00 target price for the company. Zacks Investment Research raised shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Monday, July 11th. Barclays PLC cut shares of Enable Midstream Partners from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $13.00 to $14.00 in a research note on Monday, June 20th. Finally, Credit Suisse Group AG cut shares of Enable Midstream Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.56.

Large investors have recently modified their holdings of the stock. Eqis Capital Management Inc. purchased a new stake in shares of Enable Midstream Partners during the third quarter valued at approximately $154,000. Global X Management Co. LLC purchased a new stake in shares of Enable Midstream Partners during the second quarter valued at approximately $173,000. Grassi Investment Management increased its stake in shares of 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 period. Marshall Wace LLP purchased a new stake in shares of Enable Midstream Partners during the second quarter valued at approximately $245,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of 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 valued at $315,000 after buying an additional 3,863 shares during the period.

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