Enable Midstream Partners, LP (ENBL) Announces Quarterly Earnings Results

Enable Midstream Partners, LP (NYSE:ENBL) announced its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04, Morningstar.com reports. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. The firm had revenue of $626 million for the quarter, compared to analysts’ expectations of $644.27 million. Enable Midstream Partners,’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Shares of Enable Midstream Partners, (NYSE ENBL) traded down 0.23% during mid-day trading on Friday, hitting $14.00. The stock had a trading volume of 182,603 shares. The stock has a 50 day moving average price of $15.15 and a 200 day moving average price of $15.86. Enable Midstream Partners, has a 52 week low of $13.53 and a 52 week high of $17.36. The firm has a market cap of $6.06 billion, a PE ratio of 16.61 and a beta of 1.98.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a dividend yield of 9.09%. The ex-dividend date is Friday, August 18th. Enable Midstream Partners,’s payout ratio is presently 147.68%.

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A number of brokerages have weighed in on ENBL. BidaskClub cut Enable Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. TheStreet upgraded Enable Midstream Partners, from a “c” rating to a “b-” rating in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 price target on shares of Enable Midstream Partners, in a research report on Tuesday, June 6th. Zacks Investment Research upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Credit Suisse Group upgraded Enable Midstream Partners, from a “neutral” rating to an “outperform” rating and upped their price target for the company from $18.00 to $20.00 in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Enable Midstream Partners, presently has an average rating of “Hold” and an average target price of $16.91.

In related news, major shareholder Arclight Capital Partners, Llc sold 34,202 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $16.18, for a total transaction of $553,388.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders sold 105,291 shares of company stock worth $1,699,317.

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Enable Midstream Partners, by 8.4% in the first quarter. JPMorgan Chase & Co. now owns 2,004,167 shares of the pipeline company’s stock worth $33,450,000 after buying an additional 155,300 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Enable Midstream Partners, by 18.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,987,364 shares of the pipeline company’s stock worth $31,678,000 after buying an additional 309,872 shares in the last quarter. Center Coast Capital Advisors LP raised its stake in shares of Enable Midstream Partners, by 3.1% in the second quarter. Center Coast Capital Advisors LP now owns 1,915,543 shares of the pipeline company’s stock worth $30,534,000 after buying an additional 57,336 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Enable Midstream Partners, by 0.3% in the first quarter. Brookfield Asset Management Inc. now owns 933,600 shares of the pipeline company’s stock worth $15,582,000 after buying an additional 3,100 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Enable Midstream Partners, by 1,181.3% in the first quarter. Bank of America Corp DE now owns 874,024 shares of the pipeline company’s stock worth $14,587,000 after buying an additional 805,809 shares in the last quarter. Institutional investors and hedge funds own 18.33% of the company’s stock.

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.

Earnings History for Enable Midstream Partners, (NYSE:ENBL)

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