Shares of Enable Midstream Partners, LP (NYSE:ENBL) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.42.
Several brokerages recently issued reports on ENBL. J P Morgan Chase & Co lowered Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. BidaskClub lowered Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 price objective on shares of Enable Midstream Partners in a research report on Sunday, September 17th. Zacks Investment Research upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Tudor Pickering lowered Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 20th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENBL. Goldman Sachs Group Inc. lifted its stake in Enable Midstream Partners by 18.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,987,364 shares of the pipeline company’s stock valued at $31,678,000 after acquiring an additional 309,872 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Enable Midstream Partners by 109.6% in the 3rd quarter. Cohen & Steers Inc. now owns 501,449 shares of the pipeline company’s stock valued at $8,013,000 after acquiring an additional 262,158 shares in the last quarter. Miller Howard Investments Inc. NY lifted its stake in Enable Midstream Partners by 1,997.1% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 225,146 shares of the pipeline company’s stock valued at $3,598,000 after acquiring an additional 214,410 shares in the last quarter. Bank of Montreal Can lifted its stake in Enable Midstream Partners by 3,729.8% in the 2nd quarter. Bank of Montreal Can now owns 207,155 shares of the pipeline company’s stock valued at $3,302,000 after acquiring an additional 201,746 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in Enable Midstream Partners by 34.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock valued at $10,274,000 after acquiring an additional 164,325 shares in the last quarter. Hedge funds and other institutional investors own 18.17% of the company’s stock.
Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The business had revenue of $705.00 million during the quarter, compared to analyst estimates of $688.61 million. During the same period in the previous year, the firm earned $0.26 EPS. Enable Midstream Partners’s quarterly revenue was up 13.7% compared to the same quarter last year. research analysts anticipate that Enable Midstream Partners will post 0.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 14th were paid a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 8.71%. The ex-dividend date was Monday, November 13th. Enable Midstream Partners’s payout ratio is 151.19%.
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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.
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