BidaskClub downgraded shares of Enable Midstream Partners, LP (NYSE:ENBL) from a buy rating to a hold rating in a report issued on Tuesday morning.

ENBL has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed a hold rating and issued a $18.00 price target on shares of Enable Midstream Partners, in a report on Sunday, September 17th. Zacks Investment Research raised Enable Midstream Partners, from a sell rating to a hold rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $17.21.

Enable Midstream Partners, (NYSE:ENBL) last announced its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The firm had revenue of $626.00 million during the quarter, compared to the consensus estimate of $644.27 million. Enable Midstream Partners, had a return on equity of 5.19% and a net margin of 15.20%. Enable Midstream Partners,’s revenue for the quarter was up 18.3% compared to the same quarter last year.

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In other news, Director Sean Trauschke acquired 2,500 shares of Enable Midstream Partners, stock in a transaction on Thursday, August 24th. The stock was bought 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 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 accessible through this link. Also, major shareholder Arclight Capital Partners, Llc sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $16.00, for a total value of $64,000.00. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the business. Spirit of America Management Corp NY lifted its stake in Enable Midstream Partners, by 3.9% in 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 buying an additional 25,473 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Enable Midstream Partners, by 34.2% in the second quarter. Evergreen Capital Management LLC now owns 644,525 shares of the pipeline company’s stock valued at $10,274,000 after buying an additional 164,325 shares during the last quarter. Cbre Clarion Securities LLC lifted its stake in Enable Midstream Partners, by 3.9% in the second quarter. Cbre Clarion Securities LLC now owns 199,475 shares of the pipeline company’s stock valued at $3,180,000 after buying an additional 7,425 shares during the last quarter. Global X Management Co. LLC lifted its stake in Enable Midstream Partners, by 111.7% in the first quarter. Global X Management Co. LLC now owns 33,359 shares of the pipeline company’s stock valued at $557,000 after buying an additional 17,601 shares during the last quarter. Finally, Pointe Capital Management LLC purchased a new stake in Enable Midstream Partners, in the first quarter valued at approximately $198,000. Institutional investors own 18.04% of the company’s stock.

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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