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.
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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