Enable Midstream Partners, LP (NYSE:ENBL) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Tuesday, November 14th will be paid a dividend of 0.318 per share by the pipeline company on Tuesday, November 21st. This represents a $1.27 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend is Monday, November 13th.
Enable Midstream Partners, has a dividend payout ratio of 149.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Enable Midstream Partners, to earn $0.91 per share next year, which means the company may not be able to cover its $1.27 annual dividend with an expected future payout ratio of 139.6%.
Enable Midstream Partners, (NYSE:ENBL) opened at $15.50 on Friday. Enable Midstream Partners, has a 1-year low of $13.75 and a 1-year high of $17.36. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6,704.73, a PE ratio of 18.45, a price-to-earnings-growth ratio of 3.58 and a beta of 1.94.
Enable Midstream Partners, (NYSE:ENBL) last posted its earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $705.00 million for the quarter, compared to analyst estimates of $688.61 million. During the same period last year, the company earned $0.26 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. equities research analysts anticipate that Enable Midstream Partners, will post 0.87 EPS for the current year.
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Several research firms have weighed in on ENBL. BidaskClub upgraded Enable Midstream Partners, from a “sell” rating to a “hold” rating in a report on Sunday, August 6th. Zacks Investment Research downgraded Enable Midstream Partners, from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Enable Midstream Partners, in a research report on Monday, October 23rd. Finally, Tudor Pickering downgraded Enable Midstream Partners, from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Enable Midstream Partners, currently has an average rating of “Hold” and an average price target of $17.45.
In other news, Director Sean Trauschke bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $14.05 per share, with a total value of $35,125.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $70,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in Enable Midstream Partners, stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Enable Midstream Partners, LP (NYSE:ENBL) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,714 shares of the pipeline company’s stock after purchasing an additional 497 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Enable Midstream Partners, were worth $107,000 as of its most recent SEC filing. 18.12% of the stock is currently owned by hedge funds and other institutional investors.
Enable Midstream Partners, Company Profile
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.
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