Enable Midstream Partners (ENBL) Rating Lowered to Hold at Zacks Investment Research

Enable Midstream Partners (NYSE:ENBL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

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. “

Several other research firms have also issued reports on ENBL. Goldman Sachs Group started coverage on shares of Enable Midstream Partners in a report on Friday, November 17th. They issued a “neutral” rating on the stock. Royal Bank of Canada restated a “hold” rating on shares of Enable Midstream Partners in a report on Monday, October 23rd. BidaskClub lowered shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Tudor Pickering lowered shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, R. F. Lafferty started coverage on shares of Enable Midstream Partners in a report on Wednesday, December 6th. They issued a “buy” rating and a $19.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.05.

Enable Midstream Partners (NYSE:ENBL) traded up $0.51 during mid-day trading on Monday, reaching $14.81. 276,249 shares of the company traded hands, compared to its average volume of 314,259. The firm has a market capitalization of $6,410.00, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.88. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36. Enable Midstream Partners has a 1-year low of $13.75 and a 1-year high of $17.36.

A number of institutional investors and hedge funds have recently bought and sold shares of ENBL. First Trust Advisors LP bought a new stake in Enable Midstream Partners in the fourth quarter valued at $6,058,000. Cohen & Steers Inc. increased its stake in Enable Midstream Partners by 109.6% in the third quarter. Cohen & Steers Inc. now owns 501,449 shares of the pipeline company’s stock valued at $8,013,000 after purchasing an additional 262,158 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in Enable Midstream Partners by 1,997.1% in the third quarter. Miller Howard Investments Inc. NY now owns 225,146 shares of the pipeline company’s stock valued at $3,598,000 after purchasing an additional 214,410 shares in the last quarter. Center Coast Capital Advisors LP increased its stake in Enable Midstream Partners by 7.9% in the third quarter. Center Coast Capital Advisors LP now owns 2,065,987 shares of the pipeline company’s stock valued at $33,014,000 after purchasing an additional 150,444 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in Enable Midstream Partners by 260.9% in the fourth quarter. Global X Management Co. LLC now owns 173,764 shares of the pipeline company’s stock valued at $2,471,000 after purchasing an additional 125,616 shares in the last quarter. 18.04% of the stock is owned by hedge funds and other institutional investors.

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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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