Zacks Investment Research Upgrades Enable Midstream Partners, LP (NYSE:ENBL) to Hold

Zacks Investment Research upgraded shares of Enable Midstream Partners, LP (NYSE:ENBL) from a sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets serving major producing basins and markets. It operates through two business segments: Gathering and Processing, and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers. Enable Midstream Partners, LP is based in Oklahoma City, Oklahoma. “

ENBL has been the subject of a number of other research reports. BidaskClub cut Enable Midstream Partners, from a hold rating to a sell rating in a report on Monday, July 31st. Citigroup Inc. reiterated a neutral rating and set a $16.25 price objective (up from $14.00) on shares of Enable Midstream Partners, in a research note on Thursday, June 1st. TheStreet upgraded Enable Midstream Partners, from a c rating to a b- rating in a research note on Monday, June 5th. Royal Bank Of Canada reiterated a hold rating and set a $18.00 price objective on shares of Enable Midstream Partners, in a research note on Tuesday, June 6th. Finally, Credit Suisse Group upgraded Enable Midstream Partners, from a neutral rating to an outperform rating in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $16.91.

Enable Midstream Partners, (ENBL) traded down 0.40% during trading on Wednesday, reaching $14.76. The company’s stock had a trading volume of 172,813 shares. The stock has a 50-day moving average of $15.29 and a 200 day moving average of $15.93. Enable Midstream Partners, has a one year low of $12.70 and a one year high of $17.36. The firm has a market capitalization of $3.32 billion, a P/E ratio of 47.61 and a beta of 1.98.

Enable Midstream Partners, (NYSE:ENBL) last released its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $626 million during the quarter, compared to analysts’ expectations of $644.27 million. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The business’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that Enable Midstream Partners, will post $0.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.318 per share. The ex-dividend date is Friday, August 18th. This represents a $1.27 annualized dividend and a yield of 8.62%. Enable Midstream Partners,’s dividend payout ratio (DPR) is currently 147.68%.

In other news, major shareholder Arclight Capital Partners, Llc sold 22,575 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $16.13, for a total value of $364,134.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 157,258 shares of company stock valued at $2,549,596 over the last 90 days.

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its stake in Enable Midstream Partners, by 0.3% in the second quarter. SG Americas Securities LLC now owns 89,066 shares of the pipeline company’s stock worth $1,420,000 after buying an additional 250 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Enable Midstream Partners, by 0.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 44,480 shares of the pipeline company’s stock worth $742,000 after buying an additional 300 shares during the period. Conning Inc. raised its stake in Enable Midstream Partners, by 0.6% in the second quarter. Conning Inc. now owns 107,443 shares of the pipeline company’s stock worth $1,713,000 after buying an additional 590 shares during the period. Proficio Capital Partners LLC raised its stake in Enable Midstream Partners, by 8.4% in the second quarter. Proficio Capital Partners LLC now owns 14,450 shares of the pipeline company’s stock worth $221,000 after buying an additional 1,117 shares during the period. Finally, Global X Management Co. LLC raised its stake in Enable Midstream Partners, by 3.5% in the second quarter. Global X Management Co. LLC now owns 34,513 shares of the pipeline company’s stock worth $550,000 after buying an additional 1,154 shares during the period. Institutional investors and hedge funds own 18.31% of the company’s stock.

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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