Enable Midstream Partners (NYSE:ENBL) released its quarterly earnings data on Tuesday, February 20th. The pipeline company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02, Bloomberg Earnings reports. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $678.22 million. Enable Midstream Partners had a net margin of 15.23% and a return on equity of 5.81%. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS.
Shares of Enable Midstream Partners (NYSE:ENBL) traded down $0.22 on Wednesday, hitting $14.09. 161,486 shares of the stock traded hands, compared to its average volume of 275,274. Enable Midstream Partners has a 52 week low of $13.65 and a 52 week high of $17.25. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6,177.27, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.93 and a beta of 1.86.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.318 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.27 annualized dividend and a dividend yield of 9.03%. Enable Midstream Partners’s dividend payout ratio (DPR) is 136.56%.
A number of large investors have recently bought and sold shares of ENBL. The Manufacturers Life Insurance Company grew its stake 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 last quarter. SeaCrest Wealth Management LLC acquired a new position in Enable Midstream Partners in the 4th quarter valued at $117,000. Starfire Investment Advisers Inc. acquired a new position in Enable Midstream Partners in the 4th quarter valued at $145,000. Citadel Advisors LLC grew its stake 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 last quarter. Finally, Koch Industries Inc. acquired a new position in Enable Midstream Partners in the 4th quarter valued at $195,000. Institutional investors and hedge funds own 18.31% of the company’s stock.
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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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