Enable Midstream Partners, LP (NYSE:ENBL) has a beta value of 2.64 and has seen 1,231,201 shares traded in the last trading session. The company, currently valued at $1.75 Billion, closed the last trade at $4.02 per share which meant it lost $0 on the day or 2.03% during that session. The ENBL stock price is -260.2% off its 52-week high price of $14.48 and 59.95% above the 52-week low of $1.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.67 Million shares traded. The 3-month trading volume is 3.15 Million shares.
The consensus among analysts is that Enable Midstream Partners, LP (ENBL) is a Hold stock at the moment, with a recommendation rating of 2.9. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 8 out of 10 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.27.
Enable Midstream Partners, LP (NYSE:ENBL) trade information
Wall Street analysts have a consensus price target for the stock at $5.33, which means that the shares’ value could jump 32.59% from current levels. The projected low price target is $2 while the price target rests at a high of $8. In that case, then, we find that the current price level is +99% off the targeted high while a plunge would see the stock lose -50.25% from current levels.
Enable Midstream Partners, LP (ENBL) estimates and forecasts
Figures show that Enable Midstream Partners, LP shares have underperformed across the wider relevant industry. The company’s shares have lost -58.34% over the past 6 months, with this year growth rate of -20.79%, compared to -15.7% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 3.8% and -42.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +9.9%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +-8.5% over the past 5 years. Earnings growth for 2020 is a modest +-25.9% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Enable Midstream Partners, LP is expected to release its next earnings report between August 04 and August 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.66 at a share yield of 16.78%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 10.82%.
Enable Midstream Partners, LP (NYSE:ENBL)’s Major holders
Insiders own 79.59% of the company shares, while shares held by institutions stand at 17.04% with a share float percentage of 83.48%. Investors are also buoyed by the number of investors in a company, with Enable Midstream Partners, LP having a total of 123 institutions that hold shares in the company. The top two institutional holders are Alps Advisors Inc. with over 11.36 Million shares worth more than $29.2 Million. As of March 30, 2020, Alps Advisors Inc. held 2.61% of shares outstanding.
The other major institutional holder is Tortoise Capital Advisors, LLC, with the holding of over 9.71 Million shares as of December 30, 2019. The firm’s total holdings are worth over $97.38 Million and represent 2.23% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps ETF Tr-Alerian MLP ETF and Center Coast Brookfield MLP Focus Fd. As of November 29, 2019, the former fund manager holds about 2.53% shares in the company for having 11022664 shares of worth $101.3 Million while later fund manager owns 3.86 Million shares of worth $38.7 Million as of December 30, 2019, which makes it owner of about 0.89% of company’s outstanding stock.