Enable Midstream Partners LP (NYSE:ENBL) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.331 per share by the pipeline company on Tuesday, November 26th. This represents a $1.32 dividend on an annualized basis and a yield of 13.35%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Enable Midstream Partners’s previous quarterly dividend of $0.32.
NYSE ENBL traded up $0.27 during mid-day trading on Friday, reaching $9.92. 1,627,744 shares of the company’s stock traded hands, compared to its average volume of 1,216,747. Enable Midstream Partners has a 1-year low of $9.57 and a 1-year high of $16.49. The company has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $12.67. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.57 and a beta of 1.21.
Enable Midstream Partners (NYSE:ENBL) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Enable Midstream Partners had a return on equity of 7.65% and a net margin of 17.36%. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $890.64 million. During the same quarter last year, the firm earned $0.30 EPS. Enable Midstream Partners’s quarterly revenue was down 24.7% on a year-over-year basis. Equities research analysts forecast that Enable Midstream Partners will post 1.03 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. ValuEngine downgraded Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Wells Fargo & Co reduced their target price on Enable Midstream Partners from $15.00 to $12.00 and set a “market perform” rating on the stock in a report on Tuesday. Zacks Investment Research raised Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, August 9th. TheStreet downgraded Enable Midstream Partners from a “b-” rating to a “c+” rating in a report on Tuesday, October 15th. Finally, Barclays set a $14.00 target price on Enable Midstream Partners and gave the stock a “hold” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.43.
In other news, Director Sean Trauschke bought 10,000 shares of Enable Midstream Partners stock in a transaction on Thursday, November 14th. The shares were bought at an average price of $9.70 per share, with a total value of $97,000.00. Following the acquisition, the director now directly owns 17,500 shares in the company, valued at approximately $169,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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.
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