J P Morgan Chase & Co cut shares of Enable Midstream Partners, LP (NYSE:ENBL) from an overweight rating to a neutral rating in a report issued on Tuesday morning, The Fly reports.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada reaffirmed a hold rating on shares of Enable Midstream Partners, in a report on Monday, October 23rd. BidaskClub downgraded Enable Midstream Partners, from a buy rating to a hold rating in a report on Wednesday, September 13th. Zacks Investment Research raised Enable Midstream Partners, from a hold rating to a strong-buy rating and set a $17.00 target price on the stock in a report on Tuesday, October 31st. Tudor Pickering downgraded Enable Midstream Partners, from a buy rating to a hold rating in a report on Friday, October 20th. Finally, Goldman Sachs Group Inc initiated coverage on Enable Midstream Partners, in a report on Friday, November 17th. They issued a neutral rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.45.

Enable Midstream Partners, (NYSE:ENBL) opened at $15.00 on Tuesday. The stock has a market capitalization of $6,553.33, a price-to-earnings ratio of 18.04, a PEG ratio of 3.38 and a beta of 1.94. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36. Enable Midstream Partners, has a 1-year low of $13.75 and a 1-year high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $705.00 million for the quarter, compared to the consensus estimate of $688.61 million. Enable Midstream Partners, had a return on equity of 5.24% and a net margin of 14.82%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. analysts predict that Enable Midstream Partners, will post 0.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 14th were paid a $0.318 dividend. This represents a $1.27 annualized dividend and a dividend yield of 8.48%. The ex-dividend date of this dividend was Monday, November 13th. Enable Midstream Partners,’s dividend payout ratio (DPR) is currently 151.19%.

Several hedge funds and other institutional investors have recently bought and sold shares of ENBL. Bank of Montreal Can raised its stake in shares of Enable Midstream Partners, by 3,729.8% in the second quarter. Bank of Montreal Can now owns 207,155 shares of the pipeline company’s stock worth $3,302,000 after buying an additional 201,746 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Enable Midstream Partners, by 68.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 241,700 shares of the pipeline company’s stock worth $3,853,000 after buying an additional 98,300 shares during the period. Center Coast Capital Advisors LP raised its stake in shares of Enable Midstream Partners, by 3.1% in the second quarter. Center Coast Capital Advisors LP now owns 1,915,543 shares of the pipeline company’s stock worth $30,534,000 after buying an additional 57,336 shares during the period. Global X Management Co. LLC raised its stake in shares of Enable Midstream Partners, by 3.5% in the second quarter. Global X Management Co. LLC now owns 34,513 shares of the pipeline company’s stock worth $550,000 after buying an additional 1,154 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its stake in shares of Enable Midstream Partners, by 13.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 340,000 shares of the pipeline company’s stock worth $5,420,000 after buying an additional 40,000 shares during the period. 18.14% of the stock is currently owned by hedge funds and other institutional investors.

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Enable Midstream Partners, Company Profile

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.

The Fly

Analyst Recommendations for Enable Midstream Partners, (NYSE:ENBL)

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