Enable Midstream Partners (NYSE:ENBL) Raised to Buy at Mizuho

Mizuho upgraded shares of Enable Midstream Partners (NYSE:ENBL) from a neutral rating to a buy rating in a research report released on Monday, May 6th, BenzingaRatingsTable reports. The firm currently has $18.00 price objective on the pipeline company’s stock, up from their previous price objective of $17.00.

Several other brokerages also recently issued reports on ENBL. Zacks Investment Research upgraded shares of Enable Midstream Partners from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note 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 objective for the company in a research note on Thursday, February 21st. Finally, ValuEngine cut shares of Enable Midstream Partners from a hold rating to a sell rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $17.57.

ENBL traded down $0.02 during midday trading on Monday, reaching $12.99. The company’s stock had a trading volume of 475,143 shares, compared to its average volume of 538,153. The stock has a market cap of $5.66 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.18 and a current ratio of 0.21. 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 data on Wednesday, May 1st. The pipeline company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $850.02 million. Enable Midstream Partners had a net margin of 15.21% and a return on equity of 7.32%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. Equities research analysts predict that Enable Midstream Partners will post 1.06 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Tuesday, May 21st were paid a dividend of $0.318 per share. The ex-dividend date was Monday, May 20th. This represents a $1.27 annualized dividend and a yield of 9.79%. 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 on Tuesday, March 5th. The shares were sold at an average price of $14.82, for a total transaction of $592,800.00. Following the completion of the transaction, the insider now directly owns 52,963 shares of the company’s stock, valued at $784,911.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of institutional investors and hedge funds have recently bought and sold shares of ENBL. Advisor Group Inc. lifted its position in Enable Midstream Partners by 128.8% during the fourth quarter. Advisor Group Inc. now owns 1,865 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,050 shares during the last quarter. Cresset Asset Management LLC bought a new position in Enable Midstream Partners during the first quarter valued at $32,000. Rockefeller Capital Management L.P. bought a new position in Enable Midstream Partners during the first quarter valued at $47,000. Jackson Hole Capital Partners LLC bought a new position in Enable Midstream Partners during the fourth quarter valued at $149,000. Finally, First Republic Investment Management Inc. lifted its position in Enable Midstream Partners by 13.1% during the first quarter. First Republic Investment Management Inc. now owns 11,344 shares of the pipeline company’s stock valued at $162,000 after purchasing an additional 1,316 shares during the last quarter. 18.27% of the stock is owned by institutional investors.

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

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