Enable Midstream Partners LP (NYSE:ENBL) insider Thomas L. Levescy sold 4,500 shares of the firm’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 completion of the transaction, the insider now owns 15,422 shares of the company’s stock, valued at approximately $250,453.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Enable Midstream Partners LP (NYSE:ENBL) traded up 0.031% on Monday, reaching $16.095. The company’s stock had a trading volume of 41,691 shares. The firm has a market capitalization of $6.96 billion, a PE ratio of 23.531 and a beta of 2.08. Enable Midstream Partners LP has a one year low of $7.65 and a one year high of $17.36. The firm has a 50-day moving average price of $16.41 and a 200 day moving average price of $15.72.
Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings data on Tuesday, February 21st. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $614 million for the quarter, compared to the consensus estimate of $637.84 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Enable Midstream Partners LP will post $0.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 21st were paid a dividend of $0.318 per share. The ex-dividend date was Thursday, February 16th. This represents a $1.27 annualized dividend and a yield of 7.91%. Enable Midstream Partners’s payout ratio is currently 186.77%.
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A number of research analysts have recently commented on ENBL shares. Stifel Nicolaus started coverage on Enable Midstream Partners in a research note on Wednesday, January 18th. They issued a “hold” rating and a $16.00 target price for the company. Zacks Investment Research upgraded Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, January 17th. Wells Fargo & Co upgraded Enable Midstream Partners from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 11th. Bank of America Corp upgraded Enable Midstream Partners from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 30th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $15.00 target price on shares of Enable Midstream Partners in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Enable Midstream Partners has an average rating of “Hold” and an average target price of $16.13.
A number of large investors have recently modified their holdings of ENBL. Advisory Research Inc. boosted its stake in shares of Enable Midstream Partners by 19.8% in the fourth quarter. Advisory Research Inc. now owns 7,761,905 shares of the company’s stock valued at $122,094,000 after buying an additional 1,280,250 shares during the last quarter. FMR LLC acquired a new position in Enable Midstream Partners during the fourth quarter worth approximately $9,046,000. Allianz Asset Management AG acquired a new position in Enable Midstream Partners during the fourth quarter worth approximately $5,053,000. Cutter & CO Brokerage Inc. acquired a new position in Enable Midstream Partners during the fourth quarter worth approximately $2,164,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in Enable Midstream Partners during the third quarter worth approximately $1,982,000. 16.62% of the stock is currently owned by institutional investors.
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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