Enable Midstream Partners (ENBL) Now Covered by Analysts at Bank of America

Bank of America assumed coverage on shares of Enable Midstream Partners (NYSE:ENBL) in a research report sent to investors on Tuesday, The Fly reports. The brokerage issued a buy rating on the pipeline company’s stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Enable Midstream Partners from a strong-buy rating to a hold rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a hold rating on shares of Enable Midstream Partners in a research report on Monday, October 23rd. BidaskClub cut Enable Midstream Partners from a hold rating to a sell rating in a research report on Wednesday, October 25th. R. F. Lafferty began coverage on Enable Midstream Partners in a research report on Wednesday, December 6th. They issued a buy rating and a $19.00 target price for the company. Finally, Tudor Pickering cut Enable Midstream Partners from a buy rating to a hold rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Enable Midstream Partners presently has a consensus rating of Hold and an average target price of $17.71.

Shares of Enable Midstream Partners (ENBL) traded up $0.45 during mid-day trading on Tuesday, reaching $15.96. The company had a trading volume of 546,103 shares, compared to its average volume of 384,378. The company has a market capitalization of $6,900.00, a PE ratio of 19.23, a P/E/G ratio of 3.04 and a beta of 1.92. Enable Midstream Partners has a 52-week low of $13.75 and a 52-week high of $17.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.49 and a current ratio of 0.54.

Enable Midstream Partners (NYSE:ENBL) last issued its earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $688.61 million. Enable Midstream Partners had a return on equity of 5.69% and a net margin of 16.03%. Enable Midstream Partners’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. research analysts anticipate that Enable Midstream Partners will post 0.9 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Global X MANAGEMENT CO LLC lifted its holdings in shares of Enable Midstream Partners by 39.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 48,148 shares of the pipeline company’s stock valued at $769,000 after acquiring an additional 13,635 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Enable Midstream Partners in the second quarter valued at $662,000. Cohen & Steers Inc. increased its stake in shares of Enable Midstream Partners by 109.6% in the third quarter. Cohen & Steers Inc. now owns 501,449 shares of the pipeline company’s stock valued at $8,013,000 after buying an additional 262,158 shares in the last quarter. Clinton Group Inc. increased its stake in shares of Enable Midstream Partners by 53.7% in the second quarter. Clinton Group Inc. now owns 43,209 shares of the pipeline company’s stock valued at $689,000 after buying an additional 15,098 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Enable Midstream Partners by 49.0% in the second quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock valued at $429,000 after buying an additional 8,850 shares in the last quarter. 18.17% of the stock is owned by institutional investors.

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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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