Shares of Enable Midstream Partners LP (NYSE:ENBL) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.67.

Several research firms recently weighed in on ENBL. ValuEngine downgraded Enable Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Stifel Nicolaus upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, February 21st. Zacks Investment Research upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, January 8th. Finally, Mizuho began coverage on Enable Midstream Partners in a research report on Monday, February 11th. They set a “neutral” rating on the stock.

NYSE ENBL traded down $0.10 during trading hours on Tuesday, hitting $13.40. 500,618 shares of the company’s stock were exchanged, compared to its average volume of 565,513. Enable Midstream Partners has a 12-month low of $12.31 and a 12-month high of $19.27. The company has a market capitalization of $5.74 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 3.36 and a beta of 1.39. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.43.

Enable Midstream Partners (NYSE:ENBL) last released its earnings results on Tuesday, February 19th. The pipeline company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. Enable Midstream Partners had a return on equity of 7.20% and a net margin of 15.19%. The firm had revenue of $950.00 million for the quarter, compared to the consensus estimate of $887.67 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts predict that Enable Midstream Partners will post 1.05 EPS for the current year.

In other news, insider Thomas L. Levescy sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $14.82, for a total value of $592,800.00. Following the transaction, the insider now directly owns 52,963 shares in the company, valued at approximately $784,911.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in shares of Enable Midstream Partners by 12.8% in the 4th quarter. Alps Advisors Inc. now owns 8,729,267 shares of the pipeline company’s stock worth $118,107,000 after purchasing an additional 990,669 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Enable Midstream Partners by 0.7% during the 3rd quarter. Clearbridge Investments LLC now owns 6,209,063 shares of the pipeline company’s stock valued at $104,561,000 after buying an additional 41,000 shares during the period. Eagle Global Advisors LLC raised its holdings 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 valued at $39,095,000 after buying an additional 1,494,690 shares during the period. Deutsche Bank AG raised its holdings in shares of Enable Midstream Partners by 125.6% during the 3rd quarter. Deutsche Bank AG now owns 932,669 shares of the pipeline company’s stock valued at $15,704,000 after buying an additional 519,291 shares during the period. Finally, Cohen & Steers Inc. raised its holdings in shares of Enable Midstream Partners by 27.9% during the 4th quarter. Cohen & Steers Inc. now owns 567,798 shares of the pipeline company’s stock valued at $7,682,000 after buying an additional 124,008 shares during the period. Institutional investors own 19.72% 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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