Enable Midstream Partners LP (ENBL) Receives Average Recommendation of “Hold” from Analysts

Enable Midstream Partners LP (NYSE:ENBL) has been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.42.

A number of research analysts have recently commented on ENBL shares. R. F. Lafferty started coverage on Enable Midstream Partners in a research report on Wednesday, December 6th. They set a “buy” rating and a $19.00 price target on the stock. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, February 5th. Bank of America started coverage on Enable Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating on the stock. Royal Bank of Canada reaffirmed a “hold” rating on shares of Enable Midstream Partners in a research report on Monday, October 23rd. Finally, Tudor Pickering cut Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 20th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new stake in Enable Midstream Partners during the 4th quarter worth about $6,106,000. Koch Industries Inc. purchased a new stake in Enable Midstream Partners during the 4th quarter worth about $195,000. Citadel Advisors LLC lifted its holdings in Enable Midstream Partners by 235.7% during the 4th quarter. Citadel Advisors LLC now owns 34,337 shares of the pipeline company’s stock worth $488,000 after purchasing an additional 24,109 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Enable Midstream Partners by 53.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 78,111 shares of the pipeline company’s stock worth $1,111,000 after purchasing an additional 27,056 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Enable Midstream Partners during the 4th quarter worth about $299,000. 18.04% of the stock is currently owned by institutional investors and hedge funds.

Enable Midstream Partners (NYSE:ENBL) opened at $14.83 on Wednesday. Enable Midstream Partners has a 1 year low of $13.75 and a 1 year high of $17.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.49 and a current ratio of 0.54. The company has a market capitalization of $6,406.26, a price-to-earnings ratio of 17.65, a PEG ratio of 1.89 and a beta of 1.89.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.318 per share. The ex-dividend date is Friday, February 16th. This represents a $1.27 dividend on an annualized basis and a yield of 8.58%. Enable Midstream Partners’s dividend payout ratio (DPR) is 151.19%.

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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.

Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

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