SG Americas Securities LLC acquired a new stake in Enable Midstream Partners LP (NYSE:ENBL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 75,843 shares of the pipeline company’s stock, valued at approximately $1,277,000.
Other hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new stake in Enable Midstream Partners during the 3rd quarter worth about $476,000. First Allied Advisory Services Inc. purchased a new stake in Enable Midstream Partners during the 2nd quarter worth about $201,000. Kayne Anderson Capital Advisors LP purchased a new stake in Enable Midstream Partners during the 2nd quarter worth about $684,000. Massachusetts Financial Services Co. MA purchased a new stake in Enable Midstream Partners during the 3rd quarter worth about $25,260,000. Finally, CIBC Asset Management Inc purchased a new stake in Enable Midstream Partners during the 2nd quarter worth about $268,000. Hedge funds and other institutional investors own 19.47% of the company’s stock.
Several brokerages have weighed in on ENBL. Zacks Investment Research downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Barclays upped their price target on Enable Midstream Partners from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th. Wells Fargo & Co upped their price target on Enable Midstream Partners from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. Finally, Bank of America cut their price target on Enable Midstream Partners from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Enable Midstream Partners has a consensus rating of “Hold” and a consensus price target of $18.38.
NYSE:ENBL opened at $13.46 on Friday. The stock has a market cap of $5.80 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.71. Enable Midstream Partners LP has a 1 year low of $12.89 and a 1 year high of $19.27. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 0.40.
Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $928.00 million during the quarter, compared to analysts’ expectations of $821.64 million. Enable Midstream Partners had a return on equity of 6.28% and a net margin of 13.84%. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. As a group, research analysts forecast that Enable Midstream Partners LP will post 0.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Friday, November 16th were given a dividend of $0.318 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $1.27 annualized dividend and a dividend yield of 9.45%. Enable Midstream Partners’s dividend payout ratio is currently 138.04%.
Enable Midstream Partners Company Profile
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.
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