Enable Midstream Partners (ENBL) Now Covered by Analysts at Mizuho

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Mizuho started coverage on shares of Enable Midstream Partners (NYSE:ENBL) in a research report released on Monday, The Fly reports. The firm issued a neutral rating on the pipeline company’s stock.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Enable Midstream Partners from a buy rating to a hold rating in a research report on Friday, January 11th. Bank of America dropped their target price on Enable Midstream Partners from $20.00 to $18.00 and set a buy rating for the company in a research report on Friday, October 26th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $18.13.

Shares of ENBL opened at $15.03 on Monday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.22 and a beta of 1.41. Enable Midstream Partners has a 12-month low of $12.31 and a 12-month high of $19.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.31 and a current ratio of 0.34.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 19th will be given a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 8.46%. The ex-dividend date is Friday, February 15th. Enable Midstream Partners’s dividend payout ratio is currently 138.04%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENBL. California Public Employees Retirement System acquired a new position in Enable Midstream Partners in the 2nd quarter valued at about $348,000. Advisors Asset Management Inc. grew its position in shares of Enable Midstream Partners by 33.6% during the second quarter. Advisors Asset Management Inc. now owns 74,431 shares of the pipeline company’s stock worth $1,274,000 after buying an additional 18,716 shares in the last quarter. Bank of Montreal Can grew its position in shares of Enable Midstream Partners by 1,521.0% during the third quarter. Bank of Montreal Can now owns 160,640 shares of the pipeline company’s stock worth $2,705,000 after buying an additional 150,730 shares in the last quarter. Duff & Phelps Investment Management Co. grew its position in shares of Enable Midstream Partners by 14.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 545,000 shares of the pipeline company’s stock worth $9,178,000 after buying an additional 70,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Enable Midstream Partners during the third quarter worth about $25,260,000. 19.63% of the stock is owned by institutional investors.

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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Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

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