Enable Midstream Partners, LP (NYSE:ENBL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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. “

Other research analysts have also issued research reports about the company. TheStreet upgraded Enable Midstream Partners, from a “c” rating to a “b-” rating in a research report on Monday, June 5th. BidaskClub upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a “hold” rating and set a $18.00 target price on shares of Enable Midstream Partners, in a research report on Tuesday, June 6th. Citigroup Inc. restated a “neutral” rating and set a $16.25 target price (up previously from $14.00) on shares of Enable Midstream Partners, in a research report on Thursday, June 1st. Finally, Credit Suisse Group upgraded Enable Midstream Partners, from a “neutral” rating to an “outperform” rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.91.

Enable Midstream Partners, (ENBL) traded up 0.27% on Wednesday, reaching $15.06. The company’s stock had a trading volume of 150,727 shares. Enable Midstream Partners, has a 12-month low of $12.69 and a 12-month high of $17.36. The company’s 50 day moving average price is $15.21 and its 200-day moving average price is $15.97. The stock has a market cap of $6.51 billion, a PE ratio of 17.86 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The company had revenue of $626 million during the quarter, compared to analyst estimates of $644.27 million. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities analysts expect that Enable Midstream Partners, will post $0.85 EPS for the current year.

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In related news, major shareholder Arclight Capital Partners, Llc sold 29,392 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $16.54, for a total value of $486,143.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 179,103 shares of company stock valued at $2,915,936 in the last quarter.

Several hedge funds have recently made changes to their positions in ENBL. Heritage Trust Co acquired a new position in shares of Enable Midstream Partners, during the first quarter worth approximately $100,000. Miller Howard Investments Inc. NY acquired a new position in shares of Enable Midstream Partners, during the first quarter worth approximately $180,000. Pointe Capital Management LLC acquired a new position in shares of Enable Midstream Partners, during the first quarter worth approximately $198,000. BNP Paribas Arbitrage SA acquired a new position in shares of Enable Midstream Partners, during the first quarter worth approximately $210,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Enable Midstream Partners, during the first quarter worth approximately $215,000. Hedge funds and other institutional investors 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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Analyst Recommendations for Enable Midstream Partners, (NYSE:ENBL)

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