Enable Midstream Partners (NYSE:ENBL) posted its earnings results on Tuesday. The pipeline company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02, Bloomberg Earnings reports. The business had revenue of $806.00 million during the quarter, compared to analyst estimates of $678.22 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 31.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS.
Enable Midstream Partners (NYSE:ENBL) opened at $14.37 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.49 and a current ratio of 0.54. Enable Midstream Partners has a 12 month low of $13.75 and a 12 month high of $17.25. The stock has a market capitalization of $6,215.93, a P/E ratio of 17.11, a PEG ratio of 1.83 and a beta of 1.89.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.318 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.27 annualized dividend and a dividend yield of 8.85%. Enable Midstream Partners’s dividend payout ratio (DPR) is presently 151.19%.
A number of brokerages have recently issued reports on ENBL. Zacks Investment Research upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, January 23rd. Royal Bank of Canada reiterated a “hold” rating on shares of Enable Midstream Partners in a research report on Monday, October 23rd. BidaskClub downgraded Enable Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. downgraded Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Goldman Sachs Group initiated coverage on Enable Midstream Partners in a research report on Friday, November 17th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.05.
Several institutional investors and hedge funds have recently bought and sold shares of ENBL. The Manufacturers Life Insurance Company increased its stake in shares of Enable Midstream Partners by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after buying an additional 497 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Enable Midstream Partners during the fourth quarter valued at approximately $117,000. Starfire Investment Advisers Inc. purchased a new position in shares of Enable Midstream Partners during the fourth quarter valued at approximately $145,000. Citadel Advisors LLC grew its stake in Enable Midstream Partners by 425.8% in the third quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock worth $163,000 after purchasing an additional 13,367 shares during the period. Finally, Koch Industries Inc. purchased a new stake in Enable Midstream Partners in the fourth quarter worth $195,000. 18.28% 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.
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