Equities research analysts expect that Enable Midstream Partners, LP (NYSE:ENBL) will announce earnings of $0.17 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Enable Midstream Partners,’s earnings, with estimates ranging from $0.13 to $0.21. Enable Midstream Partners, reported earnings per share of $0.08 in the same quarter last year, which would indicate a positive year over year growth rate of 112.5%. The company is expected to issue its next earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Enable Midstream Partners, will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.89. For the next financial year, analysts anticipate that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.87 to $0.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Enable Midstream Partners,.

Enable Midstream Partners, (NYSE:ENBL) last announced its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.08. Enable Midstream Partners, had a net margin of 13.71% and a return on equity of 4.50%. The firm had revenue of $666 million during the quarter, compared to analysts’ expectations of $635.20 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was up 30.8% on a year-over-year basis.

Several brokerages recently commented on ENBL. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 target price on shares of Enable Midstream Partners, in a research note on Tuesday, June 6th. Credit Suisse Group raised shares of Enable Midstream Partners, from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $18.00 to $20.00 in a research note on Monday, May 8th. TheStreet raised shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a research note on Monday, June 5th. BidaskClub raised shares of Enable Midstream Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, Zacks Investment Research raised shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Enable Midstream Partners, currently has an average rating of “Hold” and a consensus target price of $16.91.

In other Enable Midstream Partners, news, major shareholder Arclight Capital Partners, Llc sold 51,935 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $16.37, for a total transaction of $850,175.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 317,552 shares of company stock worth $5,195,539.

A number of hedge funds and other institutional investors have recently modified their holdings of ENBL. JPMorgan Chase & Co. increased its position in shares of Enable Midstream Partners, by 8.4% in the first quarter. JPMorgan Chase & Co. now owns 2,004,167 shares of the pipeline company’s stock worth $33,450,000 after buying an additional 155,300 shares during the last quarter. Center Coast Capital Advisors LP increased its position in shares of Enable Midstream Partners, by 0.4% in the first quarter. Center Coast Capital Advisors LP now owns 1,858,207 shares of the pipeline company’s stock worth $31,013,000 after buying an additional 7,100 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Enable Midstream Partners, by 33.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,677,492 shares of the pipeline company’s stock worth $27,997,000 after buying an additional 423,558 shares during the last quarter. Brookfield Asset Management Inc. increased its position in shares of Enable Midstream Partners, by 0.3% in the first quarter. Brookfield Asset Management Inc. now owns 933,600 shares of the pipeline company’s stock worth $15,582,000 after buying an additional 3,100 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Enable Midstream Partners, by 1,181.3% in the first quarter. Bank of America Corp DE now owns 874,024 shares of the pipeline company’s stock worth $14,587,000 after buying an additional 805,809 shares during the last quarter. 18.23% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Enable Midstream Partners, (NYSE:ENBL) traded up 1.84% during trading on Tuesday, reaching $15.53. 247,834 shares of the company’s stock traded hands. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 21.04 and a beta of 2.02. The company’s 50-day moving average is $15.71 and its 200 day moving average is $16.09. Enable Midstream Partners, has a 52-week low of $11.95 and a 52-week high of $17.36.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 23rd were given a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date was Friday, May 19th. Enable Midstream Partners,’s payout ratio is currently 171.62%.

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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