Enable Midstream Partners, LP (NYSE:ENBL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.

ENBL has been the topic of several other research reports. TheStreet upgraded shares of Enable Midstream Partners, from a “c” rating to a “b-” rating in a research note on Monday, June 5th. Citigroup Inc. restated a “neutral” rating and issued a $16.25 price objective (up previously from $14.00) on shares of Enable Midstream Partners, in a research note on Thursday, June 1st. Royal Bank Of Canada restated a “hold” rating and issued a $18.00 price objective on shares of Enable Midstream Partners, in a research note on Tuesday, June 6th. Credit Suisse Group upgraded shares of Enable Midstream Partners, from a “neutral” rating to an “outperform” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of Enable Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.91.

Enable Midstream Partners, (NYSE:ENBL) opened at 14.60 on Wednesday. The firm’s 50-day moving average is $14.68 and its 200-day moving average is $15.64. The company has a market capitalization of $6.32 billion, a P/E ratio of 17.32 and a beta of 1.97. Enable Midstream Partners, has a 1-year low of $13.75 and a 1-year high of $17.36.

Enable Midstream Partners, (NYSE:ENBL) last announced its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $626 million for the quarter, compared to the consensus estimate of $644.27 million. Enable Midstream Partners, had a net margin of 15.20% and a return on equity of 5.19%. The company’s revenue was up 18.3% on a year-over-year basis. Equities research analysts predict that Enable Midstream Partners, will post $0.86 EPS for the current year.

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In other Enable Midstream Partners, news, Director Sean Trauschke purchased 2,500 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average price of $14.05 per share, for a total transaction of $35,125.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $70,250. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Arclight Capital Partners, Llc sold 20,526 shares of Enable Midstream Partners, stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $16.00, for a total value of $328,416.00. The disclosure for this sale can be found here. Insiders have sold 29,601 shares of company stock worth $473,667 in the last quarter.

Hedge funds and other institutional investors have recently modified their holdings of the business. Spirit of America Management Corp NY lifted its holdings in shares of Enable Midstream Partners, by 3.9% during the second quarter. Spirit of America Management Corp NY now owns 679,508 shares of the pipeline company’s stock valued at $10,831,000 after acquiring an additional 25,473 shares during the period. Global Endowment Management LP bought a new position in shares of Enable Midstream Partners, during the first quarter valued at $639,000. Global X Management Co. LLC lifted its holdings in shares of Enable Midstream Partners, by 111.7% during the first quarter. Global X Management Co. LLC now owns 33,359 shares of the pipeline company’s stock valued at $557,000 after acquiring an additional 17,601 shares during the period. Pointe Capital Management LLC bought a new position in shares of Enable Midstream Partners, during the first quarter valued at $198,000. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Enable Midstream Partners, by 34.2% during the second quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock valued at $10,274,000 after acquiring an additional 164,325 shares during the period. 18.04% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Enable Midstream Partners, (NYSE:ENBL)

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