Shares of Enable Midstream Partners, LP (NYSE:ENBL) have been given an average rating of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.31.

A number of analysts have recently weighed in on the company. BidaskClub upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered Enable Midstream Partners, from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 price objective on shares of Enable Midstream Partners, in a research report on Sunday, September 17th.

In other Enable Midstream Partners, news, major shareholder Arclight Capital Partners, Llc sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $16.00, for a total transaction of $64,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sean Trauschke purchased 2,500 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $14.05 per share, for a total transaction of $35,125.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $70,250. The disclosure for this purchase can be found here.

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in shares of Enable Midstream Partners, by 0.3% during the 2nd quarter. SG Americas Securities LLC now owns 89,066 shares of the pipeline company’s stock worth $1,420,000 after purchasing an additional 250 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Enable Midstream Partners, by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock worth $107,000 after acquiring an additional 497 shares during the last quarter. CNH Partners LLC increased its holdings in shares of Enable Midstream Partners, by 1.2% during the 2nd quarter. CNH Partners LLC now owns 42,553 shares of the pipeline company’s stock worth $678,000 after acquiring an additional 500 shares during the last quarter. Conning Inc. increased its holdings in shares of Enable Midstream Partners, by 0.6% during the 2nd quarter. Conning Inc. now owns 107,443 shares of the pipeline company’s stock worth $1,713,000 after acquiring an additional 590 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of Enable Midstream Partners, by 8.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 14,450 shares of the pipeline company’s stock worth $221,000 after acquiring an additional 1,117 shares during the last quarter. 18.04% of the stock is currently owned by hedge funds and other institutional investors.

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Enable Midstream Partners, (NYSE:ENBL) opened at 15.77 on Thursday. The stock’s 50 day moving average is $15.03 and its 200 day moving average is $15.49. Enable Midstream Partners, has a 52-week low of $13.75 and a 52-week high of $17.36. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 18.71 and a beta of 1.98.

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

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.

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

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