SG Americas Securities LLC acquired a new position in shares of Enable Midstream Partners LP (NYSE:ENBL) in the third quarter, HoldingsChannel.com reports. The fund acquired 75,843 shares of the pipeline company’s stock, valued at approximately $1,277,000.
Other institutional investors also recently bought and sold shares of the company. Archford Capital Strategies LLC lifted its position in Enable Midstream Partners by 101.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 7,857 shares of the pipeline company’s stock worth $134,000 after acquiring an additional 3,954 shares during the period. Bank of Montreal Can acquired a new stake in Enable Midstream Partners during the 2nd quarter worth approximately $170,000. First Allied Advisory Services Inc. acquired a new stake in Enable Midstream Partners during the 2nd quarter worth approximately $201,000. CIBC Asset Management Inc acquired a new stake in Enable Midstream Partners during the 2nd quarter worth approximately $268,000. Finally, California Public Employees Retirement System acquired a new stake in Enable Midstream Partners during the 2nd quarter worth approximately $348,000. 19.47% of the stock is owned by institutional investors.
A number of analysts have weighed in on ENBL shares. Bank of America decreased their price objective on Enable Midstream Partners from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Zacks Investment Research raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, October 10th. Barclays increased their price objective on Enable Midstream Partners from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Finally, Wells Fargo & Co increased their target price on Enable Midstream Partners from $16.00 to $18.00 and gave the stock a “market perform” rating in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Enable Midstream Partners has an average rating of “Hold” and a consensus target price of $18.38.
Shares of ENBL stock opened at $13.46 on Friday. The company has a market cap of $5.80 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.71. Enable Midstream Partners LP has a 12-month low of $12.89 and a 12-month high of $19.27. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 0.40.
Enable Midstream Partners (NYSE:ENBL) last issued its earnings results on Wednesday, November 7th. The pipeline company reported $0.30 earnings per share (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 company’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. On average, equities research analysts expect that Enable Midstream Partners LP will post 0.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Friday, November 16th were paid a dividend of $0.318 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date was Thursday, November 15th. Enable Midstream Partners’s dividend payout ratio (DPR) 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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