Enable Midstream Partners LP (ENBL) Short Interest Update
Enable Midstream Partners LP (NYSE:ENBL) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 4,257,543 shares, a decline of 44.5% from the February 15th total of 7,674,142 shares. Approximately 7.7% of the shares of the stock are sold short. Based on an average trading volume of 756,757 shares, the short-interest ratio is presently 5.6 days.
In related news, insider Thomas L. Levescy sold 40,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $14.82, for a total transaction of $592,800.00. Following the sale, the insider now owns 52,963 shares in the company, valued at approximately $784,911.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of institutional investors and hedge funds have recently made changes to their positions in ENBL. Kayne Anderson Capital Advisors LP lifted its holdings in Enable Midstream Partners by 5,033.0% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 2,053,200 shares of the pipeline company’s stock worth $34,575,000 after buying an additional 2,013,200 shares during the period. Alps Advisors Inc. lifted its stake in shares of Enable Midstream Partners by 12.8% in the 4th quarter. Alps Advisors Inc. now owns 8,729,267 shares of the pipeline company’s stock valued at $118,107,000 after purchasing an additional 990,669 shares during the period. Virtus Alternative Investment Advisers Inc. acquired a new position in shares of Enable Midstream Partners in the 3rd quarter valued at about $9,178,000. Deutsche Bank AG lifted its stake in shares of Enable Midstream Partners by 125.6% in the 3rd quarter. Deutsche Bank AG now owns 932,669 shares of the pipeline company’s stock valued at $15,704,000 after purchasing an additional 519,291 shares during the period. Finally, Cohen & Steers Inc. acquired a new position in shares of Enable Midstream Partners in the 3rd quarter valued at about $7,473,000. 19.64% of the stock is currently owned by hedge funds and other institutional investors.
Enable Midstream Partners (NYSE:ENBL) last announced its earnings results on Tuesday, February 19th. The pipeline company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The firm had revenue of $950.00 million for the quarter, compared to the consensus estimate of $887.67 million. Enable Midstream Partners had a return on equity of 7.20% and a net margin of 15.19%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. On average, equities research analysts forecast that Enable Midstream Partners will post 1.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 19th were issued a dividend of $0.318 per share. This represents a $1.27 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend was Friday, February 15th. Enable Midstream Partners’s payout ratio is presently 114.41%.
Several research analysts have commented on the company. Mizuho assumed coverage on Enable Midstream Partners in a report on Monday, February 11th. They set a “neutral” rating on the stock. Stifel Nicolaus raised Enable Midstream Partners from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, February 21st. Finally, Zacks Investment Research downgraded Enable Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Enable Midstream Partners presently has a consensus rating of “Hold” and a consensus target price of $17.67.
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About Enable Midstream Partners
Enable Midstream Partners, LP owns, operates, and develops midstream energy infrastructure assets in the United States. The company operates in two segments, Gathering and Processing; and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing, and fractionation services in the Anadarko, Arkoma, and Ark-La-Tex basins, as well as crude oil gathering services in the Bakken Shale formation of the Williston Basin for its producer customers.
Further Reading: Systematic Risk and Investors
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