Enable Midstream Partners LP (NYSE:ENBL) Raises Dividend to $0.33 Per Share

Enable Midstream Partners LP (NYSE:ENBL) declared 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 annualized dividend and a yield of 13.35%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Enable Midstream Partners’s previous quarterly dividend of $0.32.

Shares of ENBL stock opened at $9.92 on Friday. Enable Midstream Partners has a 12 month low of $9.57 and a 12 month high of $16.49. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $10.82 and its two-hundred day moving average is $12.67. The company has a market cap of $4.22 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21.

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

In other news, Director Sean Trauschke acquired 10,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $9.70 per share, for a total transaction of $97,000.00. Following the completion of the transaction, the director now directly owns 17,500 shares in the company, valued at $169,750. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

A number of research firms recently issued reports on ENBL. Barclays set a $14.00 price target on Enable Midstream Partners and gave the company a “hold” rating in a report on Tuesday, October 15th. TheStreet cut Enable Midstream Partners from a “b-” rating to a “c+” rating in a report on Tuesday, October 15th. UBS Group cut their price target on Enable Midstream Partners from $17.00 to $16.00 and set a “buy” rating for the company in a report on Monday, September 23rd. ValuEngine cut Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Wells Fargo & Co cut their price target on Enable Midstream Partners from $15.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Enable Midstream Partners has a consensus rating of “Hold” and an average price target of $15.43.

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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Dividend History for Enable Midstream Partners (NYSE:ENBL)

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