Enable Midstream Partners (ENBL) Posts Earnings Results, Beats Expectations By $0.02 EPS

Enable Midstream Partners (NYSE:ENBL) announced its quarterly earnings results on Tuesday. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02, Bloomberg Earnings reports. The business had revenue of $806.00 million during the quarter, compared to the consensus estimate of $678.22 million. Enable Midstream Partners had a net margin of 14.82% and a return on equity of 5.24%. The business’s revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS.

Enable Midstream Partners (NYSE:ENBL) opened at $14.37 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6,215.93, a P/E ratio of 17.11, a P/E/G ratio of 1.83 and a beta of 1.89. Enable Midstream Partners has a 1 year low of $13.75 and a 1 year high of $17.25.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th will be given a dividend of $0.318 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.85%. Enable Midstream Partners’s payout ratio is currently 151.19%.

A number of hedge funds have recently modified their holdings of ENBL. The Manufacturers Life Insurance Company boosted its position in Enable Midstream Partners by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after buying an additional 497 shares during the period. SeaCrest Wealth Management LLC purchased a new position in Enable Midstream Partners in the 4th quarter valued at approximately $117,000. Starfire Investment Advisers Inc. purchased a new position in Enable Midstream Partners in the 4th quarter valued at approximately $145,000. Citadel Advisors LLC boosted its position in Enable Midstream Partners by 425.8% in the 3rd quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock valued at $163,000 after buying an additional 13,367 shares during the period. Finally, Koch Industries Inc. purchased a new position in Enable Midstream Partners in the 4th quarter valued at approximately $195,000. 18.28% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, February 13th. Bank of America assumed coverage on shares of Enable Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating for the company. 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 for the company. JPMorgan Chase & Co. cut shares of Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Goldman Sachs Group assumed coverage on shares of Enable Midstream Partners in a research report on Friday, November 17th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Enable Midstream Partners presently has an average rating of “Hold” and an average target price of $18.05.

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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.

Earnings History for Enable Midstream Partners (NYSE:ENBL)

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