Enable Midstream Partners, LP (ENBL) Upgraded to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Enable Midstream Partners, LP (NYSE:ENBL) from a hold rating to a strong-buy rating in a research note published on Tuesday morning. They currently have $17.00 price objective on the pipeline company’s stock.

According to Zacks, “Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets serving major producing basins and markets. It operates through two business segments: Gathering and Processing, and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers. Enable Midstream Partners, LP is based in Oklahoma City, Oklahoma. “

Several other equities analysts also recently weighed in on ENBL. BidaskClub upgraded Enable Midstream Partners, from a sell rating to a hold rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a hold rating and issued a $18.00 target price on shares of Enable Midstream Partners, in a research report on Sunday, September 17th. Finally, Tudor Pickering downgraded Enable Midstream Partners, from a buy rating to a hold rating in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Enable Midstream Partners, presently has an average rating of Hold and a consensus price target of $17.04.

Shares of Enable Midstream Partners, (NYSE:ENBL) opened at 15.00 on Tuesday. The firm has a 50-day moving average price of $15.34 and a 200-day moving average price of $15.36. Enable Midstream Partners, has a 1-year low of $13.75 and a 1-year high of $17.36. The company has a market cap of $6.49 billion, a P/E ratio of 17.79 and a beta of 1.98.

Enable Midstream Partners, (NYSE:ENBL) last released its earnings results on Tuesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $705.00 million for the quarter, compared to the consensus estimate of $688.61 million. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. On average, equities analysts expect that Enable Midstream Partners, will post $0.85 EPS for the current year.

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In related news, Director Sean Trauschke purchased 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $14.05 per share, with a total value of $35,125.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $70,250. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several large investors have recently bought and sold shares of the stock. Miller Howard Investments Inc. NY increased its holdings in shares of Enable Midstream Partners, by 1,997.1% in the third quarter. Miller Howard Investments Inc. NY now owns 225,146 shares of the pipeline company’s stock valued at $3,598,000 after purchasing an additional 214,410 shares during the last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of Enable Midstream Partners, by 11.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 380,000 shares of the pipeline company’s stock valued at $6,072,000 after purchasing an additional 40,000 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Enable Midstream Partners, by 45.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 350,500 shares of the pipeline company’s stock valued at $5,601,000 after purchasing an additional 108,800 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Enable Midstream Partners, in the second quarter valued at approximately $662,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Enable Midstream Partners, by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after purchasing an additional 497 shares during the last quarter. 18.04% of the stock is owned by hedge funds and other 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.

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