Enable Midstream Partners LP (NYSE:ENBL) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 2,770,000 shares, an increase of 19.4% from the September 30th total of 2,320,000 shares. Based on an average trading volume of 978,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.4% of the shares of the stock are short sold.

Shares of Enable Midstream Partners stock traded down $0.04 during trading hours on Thursday, reaching $9.65. 1,631,800 shares of the company’s stock were exchanged, compared to its average volume of 720,226. Enable Midstream Partners has a 1 year low of $9.57 and a 1 year high of $16.49. The company has a market capitalization of $4.22 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. The business has a fifty day moving average of $10.87 and a two-hundred day moving average of $12.69. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 0.55.

Enable Midstream Partners (NYSE:ENBL) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Enable Midstream Partners had a net margin of 17.36% and a return on equity of 7.65%. The business had revenue of $699.00 million during the quarter, compared to analyst estimates of $890.64 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was down 24.7% compared to the same quarter last year. As a group, research analysts predict that Enable Midstream Partners will post 1.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.331 per share. This is a positive change from Enable Midstream Partners’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.72%. Enable Midstream Partners’s dividend payout ratio is presently 118.92%.

Several institutional investors have recently added to or reduced their stakes in ENBL. Dividend Assets Capital LLC grew its holdings in shares of Enable Midstream Partners by 14.2% during the second quarter. Dividend Assets Capital LLC now owns 534,045 shares of the pipeline company’s stock worth $7,322,000 after buying an additional 66,474 shares in the last quarter. NEXT Financial Group Inc acquired a new position in shares of Enable Midstream Partners during the 2nd quarter valued at about $101,000. Perella Weinberg Partners Capital Management LP boosted its position in shares of Enable Midstream Partners by 109.1% during the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 833,501 shares of the pipeline company’s stock valued at $11,427,000 after acquiring an additional 434,975 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Enable Midstream Partners by 28.4% during the 2nd quarter. First Trust Advisors LP now owns 549,539 shares of the pipeline company’s stock valued at $7,534,000 after acquiring an additional 121,660 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Enable Midstream Partners by 72.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 54,095 shares of the pipeline company’s stock valued at $742,000 after acquiring an additional 22,679 shares during the last quarter. 18.82% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Barclays set a $14.00 price target on shares of Enable Midstream Partners and gave the stock a “hold” rating in a report on Tuesday, October 15th. Wells Fargo & Co cut their price target on shares of Enable Midstream Partners from $15.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday. UBS Group cut their price target on shares of Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating for the company in a report on Monday, September 23rd. TheStreet lowered shares of Enable Midstream Partners from a “b-” rating to a “c+” rating in a report on Tuesday, October 15th. Finally, ValuEngine lowered shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.43.

Enable Midstream Partners Company Profile

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.

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