Enable Midstream Partners, LP (NYSE:ENBL) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, November 14th will be given a dividend of 0.318 per share by the pipeline company on Tuesday, November 21st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date is Monday, November 13th.

Enable Midstream Partners, has a payout ratio of 147.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Enable Midstream Partners, to earn $0.89 per share next year, which means the company may not be able to cover its $1.27 annual dividend with an expected future payout ratio of 142.7%.

Enable Midstream Partners, (NYSE:ENBL) last released its earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The firm had revenue of $705.00 million for the quarter, compared to the consensus estimate of $688.61 million. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS.

ENBL has been the topic of a number of analyst reports. BidaskClub upgraded shares of Enable Midstream Partners, from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners, in a research note on Sunday, September 17th. Tudor Pickering cut shares of Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $17.04.

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In related news, Director Sean Trauschke bought 2,500 shares of the stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $14.05 per share, for a total transaction of $35,125.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $70,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

An institutional investor recently raised its position in Enable Midstream Partners, stock. The Manufacturers Life Insurance Company raised its stake in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 8.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,714 shares of the pipeline company’s stock after acquiring an additional 497 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Enable Midstream Partners, were worth $107,000 as of its most recent SEC filing. 18.04% of the stock is owned by institutional investors.

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.

Dividend History for Enable Midstream Partners, (NYSE:ENBL)

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