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

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

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

Shares of Enable Midstream Partners (NYSE:ENBL) traded up $0.16 during trading on Tuesday, reaching $14.95. 661,929 shares of the company were exchanged, compared to its average volume of 299,500. The company has a market capitalization of $6,400.00, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 3.04 and a beta of 1.92. Enable Midstream Partners has a 12 month low of $13.75 and a 12 month high of $17.36. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36.

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

A number of hedge funds have recently made changes to their positions in the business. Institutional & Family Asset Management LLC purchased a new stake in Enable Midstream Partners during the third quarter valued at approximately $617,000. GSA Capital Partners LLP increased its holdings in Enable Midstream Partners by 9.9% during the third quarter. GSA Capital Partners LLP now owns 124,937 shares of the pipeline company’s stock valued at $1,996,000 after buying an additional 11,275 shares during the last quarter. California Public Employees Retirement System purchased a new stake in Enable Midstream Partners during the third quarter valued at approximately $261,000. Jane Street Group LLC purchased a new stake in Enable Midstream Partners during the third quarter valued at approximately $1,598,000. Finally, Cohen & Steers Inc. increased its holdings in Enable Midstream Partners by 109.6% during 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 during the last quarter. 18.17% of the stock is owned by institutional investors and hedge funds.

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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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