Enable Midstream Partners LP (NYSE:ENBL) insider Thomas L. Levescy sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $16.24, for a total value of $73,080.00. Following the sale, the insider now owns 15,422 shares of the company’s stock, valued at approximately $250,453.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Enable Midstream Partners LP (NYSE:ENBL) traded up 0.031% during midday trading on Monday, reaching $16.095. The company had a trading volume of 41,691 shares. The company has a 50-day moving average price of $16.41 and a 200 day moving average price of $15.72. Enable Midstream Partners LP has a one year low of $7.65 and a one year high of $17.36. The company has a market capitalization of $6.96 billion, a P/E ratio of 23.531 and a beta of 2.08.
Enable Midstream Partners (NYSE:ENBL) last released its quarterly earnings data on Tuesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.04. Enable Midstream Partners had a return on equity of 4.23% and a net margin of 13.31%. The business earned $614 million during the quarter, compared to analysts’ expectations of $637.84 million. During the same quarter last year, the business posted $0.15 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities analysts anticipate that Enable Midstream Partners LP will post $0.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 21st were issued a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 7.91%. The ex-dividend date was Thursday, February 16th. Enable Midstream Partners’s dividend payout ratio (DPR) is currently 186.77%.
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Several research firms have recently commented on ENBL. Royal Bank of Canada restated a “hold” rating and set a $15.00 price objective on shares of Enable Midstream Partners in a report on Friday, January 6th. Zacks Investment Research downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Bank of America Corp upgraded Enable Midstream Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, November 30th. Wells Fargo & Co upgraded Enable Midstream Partners from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 11th. Finally, Stifel Nicolaus assumed coverage on Enable Midstream Partners in a report on Wednesday, January 18th. They set a “hold” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.13.
A number of large investors have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. acquired a new stake in Enable Midstream Partners during the third quarter valued at $154,000. Grassi Investment Management boosted its stake in Enable Midstream Partners by 5.2% in the third quarter. Grassi Investment Management now owns 17,300 shares of the company’s stock valued at $264,000 after buying an additional 850 shares during the period. Nwam LLC boosted its stake in Enable Midstream Partners by 1.8% in the third quarter. Nwam LLC now owns 66,782 shares of the company’s stock valued at $1,018,000 after buying an additional 1,208 shares during the period. Wells Fargo & Company MN boosted its stake in Enable Midstream Partners by 115.0% in the third quarter. Wells Fargo & Company MN now owns 72,459 shares of the company’s stock valued at $1,105,000 after buying an additional 38,755 shares during the period. Finally, Neuberger Berman Group LLC purchased a new position in Enable Midstream Partners during the third quarter worth approximately $397,000. Institutional investors and hedge funds own 16.62% of the company’s stock.
About Enable Midstream Partners
Enable Midstream Partners LP owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. It serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.
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