Enable Midstream Partners, LP (NYSE:ENBL) was upgraded by research analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday.

A number of other equities research analysts have also recently commented on the stock. Credit Suisse Group cut shares of Enable Midstream Partners, from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Tuesday, September 13th. Wolfe Research began coverage on shares of Enable Midstream Partners, in a research note on Friday, October 7th. They set a “hold” rating and a $16.00 target price on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Enable Midstream Partners, from a “sell” rating to a “neutral” rating and raised their target price for the stock from $13.00 to $16.00 in a research note on Monday, September 19th. Bank of America Corporation upgraded shares of Enable Midstream Partners, from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 30th. Finally, Barclays PLC restated a “sell” rating and set a $15.00 target price on shares of Enable Midstream Partners, in a research note on Monday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Enable Midstream Partners, has an average rating of “Hold” and a consensus target price of $14.44.

Analyst Recommendations for Enable Midstream Partners, (NYSE:ENBL)

Shares of Enable Midstream Partners, (NYSE:ENBL) traded up 2.3995% during midday trading on Wednesday, hitting $15.9436. 37,652 shares of the stock were exchanged. The firm’s 50-day moving average is $15.64 and its 200 day moving average is $14.81. Enable Midstream Partners, has a 52-week low of $5.38 and a 52-week high of $16.79. The firm has a market cap of $6.73 billion, a PE ratio of 22.7441 and a beta of 2.08.

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Enable Midstream Partners, (NYSE:ENBL) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.07. Enable Midstream Partners, had a net margin of 13.31% and a return on equity of 4.23%. The firm had revenue of $620 million for the quarter, compared to analysts’ expectations of $722.50 million. On average, analysts forecast that Enable Midstream Partners, will post $0.73 earnings per share for the current year.

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In other Enable Midstream Partners, news, major shareholder Arclight Capital Partners, Llc sold 14,198 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $14.46, for a total transaction of $205,303.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Enable Midstream Partners, by 18,446.8% in the second quarter. JPMorgan Chase & Co. now owns 1,593,913 shares of the company’s stock worth $21,534,000 after buying an additional 1,585,319 shares during the period. Harvest Fund Advisors LLC bought a new stake in shares of Enable Midstream Partners, during the second quarter worth about $9,999,000. Spirit of America Management Corp NY raised its stake in shares of Enable Midstream Partners, by 105.4% in the third quarter. Spirit of America Management Corp NY now owns 513,615 shares of the company’s stock worth $7,833,000 after buying an additional 263,514 shares during the period. Guggenheim Capital LLC raised its stake in shares of Enable Midstream Partners, by 498.0% in the second quarter. Guggenheim Capital LLC now owns 260,665 shares of the company’s stock worth $3,521,000 after buying an additional 217,073 shares during the period. Finally, Weiss Multi Strategy Advisers LLC bought a new stake in shares of Enable Midstream Partners, during the second quarter worth about $3,378,000. 16.24% of the stock is owned by institutional investors and hedge funds.

Enable Midstream Partners, Company Profile

Enable Midstream Partners LP owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. It serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.

5 Day Chart for NYSE:ENBL

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