Enable Midstream Partners, LP (NYSE:ENBL)‘s stock had its “hold” rating reiterated by stock analysts at Royal Bank Of Canada in a research report issued on Sunday. They presently have a $18.00 target price on the pipeline company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 20.64% from the company’s current price.

A number of other equities analysts have also weighed in on ENBL. BidaskClub lowered shares of Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. TheStreet upgraded shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a research report on Monday, June 5th. Zacks Investment Research upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned 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.

Shares of Enable Midstream Partners, (NYSE:ENBL) traded up 1.29% on Friday, reaching $14.92. 81,037 shares of the company’s stock traded hands. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 17.70 and a beta of 1.97. The firm’s 50-day moving average is $14.63 and its 200-day moving average is $15.58. Enable Midstream Partners, has a 52-week low of $13.75 and a 52-week high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last posted its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. The business had revenue of $626.00 million during the quarter, compared to analyst estimates of $644.27 million. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. Enable Midstream Partners,’s revenue was up 18.3% on a year-over-year basis. Analysts anticipate that Enable Midstream Partners, will post $0.85 EPS for the current fiscal year.

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In other Enable Midstream Partners, news, Director Sean Trauschke purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average price of $14.05 per share, with a total value of $35,125.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $70,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Arclight Capital Partners, Llc sold 20,526 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $16.00, for a total transaction of $328,416.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,601 shares of company stock valued at $473,667.

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in Enable Midstream Partners, by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after purchasing an additional 497 shares in the last quarter. Pointe Capital Management LLC purchased a new stake in Enable Midstream Partners, during the first quarter valued at $198,000. BNP Paribas Arbitrage SA purchased a new stake in Enable Midstream Partners, during the first quarter valued at $210,000. Proficio Capital Partners LLC purchased a new stake in Enable Midstream Partners, during the first quarter valued at $215,000. Finally, Wells Fargo & Company MN raised its stake in Enable Midstream Partners, by 49.0% during the second quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 8,850 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors.

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.

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

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