JPMorgan Chase & Co. lessened its holdings in shares of Enable Midstream Partners LP (NYSE:ENBL) by 49.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 796,766 shares of the pipeline company’s stock after selling 792,210 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.18% of Enable Midstream Partners worth $13,418,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of ENBL. Alps Advisors Inc. purchased a new position in shares of Enable Midstream Partners during the 2nd quarter worth $124,377,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Enable Midstream Partners during the 3rd quarter worth $25,260,000. Wells Fargo & Company MN lifted its stake in shares of Enable Midstream Partners by 126.2% during the 3rd quarter. Wells Fargo & Company MN now owns 641,025 shares of the pipeline company’s stock worth $10,795,000 after purchasing an additional 357,606 shares during the period. Bank of Montreal Can lifted its stake in shares of Enable Midstream Partners by 1,521.0% during the 3rd quarter. Bank of Montreal Can now owns 160,640 shares of the pipeline company’s stock worth $2,705,000 after purchasing an additional 150,730 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Enable Midstream Partners during the 3rd quarter worth $1,277,000. 19.47% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. Wells Fargo & Co upped their price objective 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. Zacks Investment Research upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Bank of America dropped their price objective on Enable Midstream Partners from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Barclays upped their price objective on Enable Midstream Partners from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.38.
ENBL stock opened at $13.46 on Friday. The firm has a market cap of $5.80 billion, a PE ratio of 13.79, a PEG ratio of 1.67 and a beta of 1.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.34 and a quick ratio of 0.31. Enable Midstream Partners LP has a 52 week low of $12.89 and a 52 week high of $19.27.
Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $928.00 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 31.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, analysts forecast that Enable Midstream Partners LP will post 0.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Friday, November 16th were issued a dividend of $0.318 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 9.45%. Enable Midstream Partners’s payout ratio is 138.04%.
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Enable Midstream Partners 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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