Mizuho upgraded shares of Enable Midstream Partners (NYSE:ENBL) from a neutral rating to a buy rating in a report released on Monday morning, BenzingaRatingsTable reports. The brokerage currently has $18.00 price target on the pipeline company’s stock, up from their previous price target of $17.00.

Several other equities analysts have also recently weighed in on ENBL. Zacks Investment Research raised shares of 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 Tuesday, January 8th. Stifel Nicolaus raised shares of 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 Thursday, February 21st. Finally, ValuEngine cut shares of Enable Midstream Partners from a hold rating to a sell rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $17.57.

ENBL stock opened at $13.75 on Monday. The stock has a market cap of $5.97 billion, a PE ratio of 12.39, a P/E/G ratio of 2.14 and a beta of 1.35. The company has a current ratio of 0.21, a quick ratio of 0.18 and a debt-to-equity ratio of 0.39. Enable Midstream Partners has a 1 year low of $12.31 and a 1 year high of $19.27.

Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings results on Wednesday, May 1st. The pipeline company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Enable Midstream Partners had a net margin of 15.21% and a return on equity of 7.32%. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $850.02 million. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Enable Midstream Partners will post 1.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Tuesday, May 21st will be given a $0.318 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.27 annualized dividend and a yield of 9.25%. Enable Midstream Partners’s payout ratio is 114.41%.

In related news, insider Thomas L. Levescy sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $14.82, for a total value of $592,800.00. Following the transaction, the insider now owns 52,963 shares of the company’s stock, valued at approximately $784,911.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Large investors have recently bought and sold shares of the business. Arrow Investment Advisors LLC increased its stake in shares of Enable Midstream Partners by 7.6% during the 4th quarter. Arrow Investment Advisors LLC now owns 30,210 shares of the pipeline company’s stock worth $409,000 after purchasing an additional 2,139 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Enable Midstream Partners by 1,748.3% during the 3rd quarter. Renaissance Technologies LLC now owns 332,700 shares of the pipeline company’s stock worth $5,603,000 after purchasing an additional 314,700 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Enable Midstream Partners by 49.2% during the 4th quarter. Bank of Montreal Can now owns 239,750 shares of the pipeline company’s stock worth $3,244,000 after purchasing an additional 79,110 shares during the last quarter. Eagle Global Advisors LLC increased its stake in shares of Enable Midstream Partners by 121.0% during the 1st quarter. Eagle Global Advisors LLC now owns 2,730,070 shares of the pipeline company’s stock worth $39,095,000 after purchasing an additional 1,494,690 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Enable Midstream Partners during the 4th quarter worth approximately $1,167,000. Hedge funds and other institutional investors own 20.16% of the company’s stock.

About Enable Midstream Partners

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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Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

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