Enable Midstream Partners (NYSE:ENBL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $17.00 price objective on the pipeline company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.63% from the stock’s previous close.
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. “
A number of other brokerages have also weighed in on ENBL. Goldman Sachs Group started coverage on Enable Midstream Partners in a report on Friday, November 17th. They set a “neutral” rating on the stock. Royal Bank of Canada reaffirmed a “hold” rating on shares of Enable Midstream Partners in a report on Monday, October 23rd. BidaskClub lowered Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Tudor Pickering lowered 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 Enable Midstream Partners in a report on Wednesday, December 6th. They set a “buy” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.05.
A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in Enable Midstream Partners by 8.0% in 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 during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Enable Midstream Partners in the fourth quarter valued at $117,000. Starfire Investment Advisers Inc. acquired a new stake in Enable Midstream Partners in the fourth quarter valued at $145,000. Citadel Advisors LLC grew its holdings in Enable Midstream Partners by 425.8% in the third quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock valued at $163,000 after purchasing an additional 13,367 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in Enable Midstream Partners in the fourth quarter valued at $195,000. 18.04% of the stock is currently 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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