Enable Midstream Partners LP (ENBL) Receives Consensus Rating of “Hold” from Analysts

Shares of Enable Midstream Partners LP (NYSE:ENBL) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $17.86.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday. Stifel Nicolaus raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, February 21st. Finally, Mizuho assumed coverage on Enable Midstream Partners in a report on Monday, February 11th. They issued a “neutral” rating for the company.

Shares of Enable Midstream Partners stock traded up $0.17 on Monday, reaching $15.04. 598,220 shares of the stock were exchanged, compared to its average volume of 510,439. The company has a quick ratio of 0.31, a current ratio of 0.28 and a debt-to-equity ratio of 0.43. Enable Midstream Partners has a twelve month low of $12.31 and a twelve month high of $19.27. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.80 and a beta of 1.41.

Enable Midstream Partners (NYSE:ENBL) last released its earnings results on Tuesday, February 19th. The pipeline company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.11. Enable Midstream Partners had a return on equity of 7.20% and a net margin of 15.19%. The firm had revenue of $950.00 million during the quarter, compared to the consensus estimate of $887.67 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. Research analysts anticipate that Enable Midstream Partners will post 1.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 19th were issued a $0.318 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend was Friday, February 15th. Enable Midstream Partners’s payout ratio is presently 114.41%.

A number of large investors have recently made changes to their positions in ENBL. Advisor Group Inc. increased its position in shares of Enable Midstream Partners by 128.8% in the fourth quarter. Advisor Group Inc. now owns 1,865 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,050 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Enable Midstream Partners by 3.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,947 shares of the pipeline company’s stock valued at $473,000 after buying an additional 1,212 shares in the last quarter. Arrow Investment Advisors LLC increased its position in shares of Enable Midstream Partners by 7.6% in the fourth quarter. Arrow Investment Advisors LLC now owns 30,210 shares of the pipeline company’s stock valued at $409,000 after buying an additional 2,139 shares in the last quarter. Tortoise Index Solutions LLC increased its position in shares of Enable Midstream Partners by 101.1% in the fourth quarter. Tortoise Index Solutions LLC now owns 15,092 shares of the pipeline company’s stock valued at $204,000 after buying an additional 7,589 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Enable Midstream Partners by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,600 shares of the pipeline company’s stock valued at $1,307,000 after buying an additional 9,943 shares in the last quarter. 19.45% of the stock is owned by institutional investors.

Enable Midstream Partners Company Profile

Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.

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Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

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