Enable Midstream Partners LP (NYSE:ENBL) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,770,000 shares, a growth of 19.4% from the September 30th total of 2,320,000 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 978,000 shares, the short-interest ratio is currently 2.8 days.
Several large investors have recently added to or reduced their stakes in ENBL. Tower Research Capital LLC TRC acquired a new stake in Enable Midstream Partners in the 3rd quarter worth approximately $63,000. Usca Ria LLC acquired a new stake in Enable Midstream Partners in the 3rd quarter worth approximately $87,000. NEXT Financial Group Inc acquired a new stake in Enable Midstream Partners in the 2nd quarter worth approximately $101,000. HighTower Advisors LLC acquired a new stake in Enable Midstream Partners in the 2nd quarter worth approximately $150,000. Finally, Sigma Planning Corp acquired a new stake in Enable Midstream Partners in the 3rd quarter worth approximately $170,000. Institutional investors and hedge funds own 18.82% of the company’s stock.
Shares of NYSE:ENBL traded down $0.04 during trading on Thursday, reaching $9.65. The stock had a trading volume of 1,631,800 shares, compared to its average volume of 720,226. Enable Midstream Partners has a one year low of $9.57 and a one year high of $16.49. The company has a market capitalization of $4.22 billion, a P/E ratio of 8.69, a PEG ratio of 1.59 and a beta of 1.21. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $10.87 and its 200 day simple moving average is $12.69.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be issued a $0.331 dividend. This is a boost from Enable Midstream Partners’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date is Monday, November 18th. Enable Midstream Partners’s dividend payout ratio (DPR) is currently 118.92%.
A number of research analysts have commented on ENBL shares. UBS Group cut their target price on shares of Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Barclays set a $14.00 price target on shares of Enable Midstream Partners and gave the company a “hold” rating in a report on Tuesday, October 15th. ValuEngine cut shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday. TheStreet cut shares of Enable Midstream Partners from a “b-” rating to a “c+” rating in a report on Tuesday, October 15th. Finally, Wells Fargo & Co lowered their price target on shares of Enable Midstream Partners from $15.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.43.
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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