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.
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.
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