Zacks Investment Research lowered shares of Enable Midstream Partners (NYSE:ENBL) from a buy rating to a hold rating in a research report report published on Tuesday.
According to Zacks, “Enable Midstream Partners, LP owns, operates and develops natural gas and crude oil infrastructure assets serving major producing basins and markets. It operates through two business segments: Gathering and Processing, and Transportation and Storage. The Gathering and Processing segment provides natural gas gathering, processing and fractionation services and crude oil gathering for its producer customers. The Transportation and Storage segment offers interstate and intrastate natural gas pipeline transportation and storage service to natural gas producers, utilities and industrial customers. Enable Midstream Partners, LP is based in Oklahoma City, Oklahoma. “
Several other equities research analysts have also recently weighed in on ENBL. BidaskClub cut shares of Enable Midstream Partners from a buy rating to a hold rating in a research report on Tuesday, October 10th. Tudor Pickering cut shares of Enable Midstream Partners from a buy rating to a hold rating in a research report on Friday, October 20th. Royal Bank of Canada restated a hold rating on shares of Enable Midstream Partners in a research report on Monday, October 23rd. Goldman Sachs Group initiated coverage on shares of Enable Midstream Partners in a research report on Friday, November 17th. They issued a neutral rating for the company. Finally, JPMorgan Chase & Co. cut shares of Enable Midstream Partners from an overweight rating to a neutral rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $18.05.
A number of institutional investors and hedge funds have recently bought and sold shares of ENBL. The Manufacturers Life Insurance Company increased its position in Enable Midstream Partners by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,714 shares of the pipeline company’s stock valued at $107,000 after acquiring an additional 497 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Enable Midstream Partners in the 4th quarter valued at about $117,000. Starfire Investment Advisers Inc. bought a new position in shares of Enable Midstream Partners in the 4th quarter valued at about $145,000. Citadel Advisors LLC boosted its stake in shares of Enable Midstream Partners by 425.8% in the 3rd quarter. Citadel Advisors LLC now owns 10,228 shares of the pipeline company’s stock valued at $163,000 after purchasing an additional 13,367 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in shares of Enable Midstream Partners in the 3rd quarter valued at about $261,000. Hedge funds and other institutional investors own 18.16% of the company’s stock.
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About Enable Midstream Partners
Enable Midstream Partners LP owns, operates and develops midstream energy infrastructure assets strategically located to serve its customers. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. Its gathering and processing segment primarily provides natural gas and crude oil gathering and natural gas processing services to its producer customers.
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