Enable Midstream Partners, LP (NYSE:ENBL) Short Interest Up 30.9% in August

Enable Midstream Partners, LP (NYSE:ENBL) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,180,000 shares, an increase of 30.9% from the August 15th total of 2,430,000 shares. Based on an average daily trading volume, of 956,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.7% of the shares of the company are short sold.

ENBL traded up $0.14 during midday trading on Tuesday, hitting $7.47. 44,296 shares of the company traded hands, compared to its average volume of 1,161,188. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.43 and a beta of 2.51. Enable Midstream Partners has a 52-week low of $3.94 and a 52-week high of $9.91. The business has a 50 day simple moving average of $8.08 and a two-hundred day simple moving average of $8.01.

Enable Midstream Partners (NYSE:ENBL) last posted its quarterly earnings data on Wednesday, August 4th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The business had revenue of $787.00 million for the quarter. Enable Midstream Partners had a net margin of 5.99% and a return on equity of 6.02%. Equities research analysts anticipate that Enable Midstream Partners will post 0.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 24th. Shareholders of record on Thursday, August 12th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 8.84%. The ex-dividend date was Wednesday, August 11th. Enable Midstream Partners’s payout ratio is 95.65%.

A number of institutional investors and hedge funds have recently bought and sold shares of ENBL. Wagner Wealth Management LLC purchased a new position in shares of Enable Midstream Partners in the second quarter worth about $34,000. Telemetry Investments L.L.C. purchased a new position in shares of Enable Midstream Partners in the second quarter worth about $97,000. Clear Street Markets LLC purchased a new position in shares of Enable Midstream Partners in the second quarter worth about $99,000. XTX Topco Ltd purchased a new position in shares of Enable Midstream Partners in the first quarter worth about $73,000. Finally, Brookstone Capital Management purchased a new position in shares of Enable Midstream Partners in the second quarter worth about $101,000. 11.78% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of Enable Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, June 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, Enable Midstream Partners presently has a consensus rating of “Hold” and an average target price of $6.65.

Enable Midstream Partners Company Profile

Enable Midstream Partners LP owns, operates and develops natural gas and crude oil infrastructure assets. It operates through the following segments: Gathering & Processing, and Transportation & Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services, as well as crude oil gathering services for its producer customers.

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