Kayne Anderson Capital Advisors LP Invests $16.67 Million in Enable Midstream Partners LP (NYSE:ENBL)
Kayne Anderson Capital Advisors LP purchased a new position in shares of Enable Midstream Partners LP (NYSE:ENBL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,386,000 shares of the pipeline company’s stock, valued at approximately $16,673,000. Kayne Anderson Capital Advisors LP owned 0.32% of Enable Midstream Partners as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of ENBL. Usca Ria LLC bought a new position in shares of Enable Midstream Partners during the 3rd quarter worth $87,000. NEXT Financial Group Inc bought a new position in shares of Enable Midstream Partners during the 2nd quarter worth $101,000. HighTower Advisors LLC bought a new position in shares of Enable Midstream Partners during the 2nd quarter worth $150,000. Sigma Planning Corp purchased a new stake in Enable Midstream Partners during the 3rd quarter worth about $170,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in Enable Midstream Partners during the 2nd quarter worth about $265,000. Institutional investors own 17.80% of the company’s stock.
ENBL has been the topic of a number of recent research reports. ValuEngine raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group dropped their price objective on Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Barclays set a $14.00 price objective on Enable Midstream Partners and gave the stock a “hold” rating in a report on Tuesday, October 15th. TheStreet cut Enable Midstream Partners from a “b-” rating to a “c+” rating in a report on Tuesday, October 15th. Finally, Zacks Investment Research raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Enable Midstream Partners presently has an average rating of “Hold” and an average price target of $16.00.
Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $890.64 million. Enable Midstream Partners had a return on equity of 7.73% and a net margin of 16.37%. The firm’s quarterly revenue was down 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. Equities analysts forecast that Enable Midstream Partners LP will post 1.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th will be issued a $0.331 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.32 annualized dividend and a dividend yield of 13.07%. This is a boost from Enable Midstream Partners’s previous quarterly dividend of $0.32. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 118.92%.
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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