Enable Midstream Partners (NYSE:ENBL) Coverage Initiated by Analysts at Bank of America

Equities research analysts at Bank of America initiated coverage on shares of Enable Midstream Partners (NYSE:ENBL) in a research report issued to clients and investors on Tuesday, January 9th, The Fly reports. The firm set a “buy” rating on the pipeline company’s stock.

ENBL has been the subject of several other reports. BidaskClub downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners in a report on Sunday, September 17th. Goldman Sachs Group initiated coverage on Enable Midstream Partners in a report on Friday, November 17th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. cut shares of Enable Midstream Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Tudor Pickering lowered shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.71.

Shares of Enable Midstream Partners (NYSE ENBL) opened at $15.96 on Tuesday. Enable Midstream Partners has a twelve month low of $13.75 and a twelve month high of $17.36. The company has a market capitalization of $6,903.71, a price-to-earnings ratio of 19.00, a PEG ratio of 2.06 and a beta of 1.92. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36.

Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Enable Midstream Partners had a return on equity of 5.24% and a net margin of 14.82%. The firm had revenue of $705.00 million during the quarter, compared to the consensus estimate of $688.61 million. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. research analysts predict that Enable Midstream Partners will post 0.91 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Global X MANAGEMENT CO LLC increased its stake in shares of Enable Midstream Partners by 39.5% in the third quarter. Global X MANAGEMENT CO LLC now owns 48,148 shares of the pipeline company’s stock valued at $769,000 after purchasing an additional 13,635 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Enable Midstream Partners in the second quarter valued at approximately $662,000. Cohen & Steers Inc. increased its stake in shares of Enable Midstream Partners by 109.6% in the third quarter. Cohen & Steers Inc. now owns 501,449 shares of the pipeline company’s stock valued at $8,013,000 after purchasing an additional 262,158 shares during the period. Clinton Group Inc. increased its stake in shares of Enable Midstream Partners by 53.7% in the second quarter. Clinton Group Inc. now owns 43,209 shares of the pipeline company’s stock valued at $689,000 after purchasing an additional 15,098 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Enable Midstream Partners by 49.0% in the second quarter. Wells Fargo & Company MN now owns 26,901 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 8,850 shares during the period. Institutional investors own 18.17% of the company’s stock.

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About Enable Midstream Partners

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.

The Fly

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