Enable Midstream Partners (ENBL) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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.

Earnings History for Enable Midstream Partners (NYSE:ENBL)

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