Published: Sun, February 25, 2018
Business | By Max Garcia

UBS Group Reaffirms "Buy" Rating for Enable Midstream Partners (ENBL)

The stock decreased 1.66% or $0.24 during the last trading session, reaching $14.21. About 279,224 shares traded. It has outperformed by 9.83% the S&P500.

Permal Asset Management Llc decreased its stake in Enable Midstream Partners Lp (ENBL) by 9.61% based on its latest 2017Q3 regulatory filing with the SEC. Citadel Advisors LLC now owns 10,228 shares of the pipeline company's stock worth $163,000 after buying an additional 13,367 shares during the period. The institutional investor held 990,815 shares of the property-casualty insurers company at the end of 2017Q3, valued at $18.93M, up from 890,746 at the end of the previous reported quarter. Arclight Capital Partners Llc who had been investing in Enable Midstream Partners Lp for a number of months, seems to be less bullish one the $6.20B market cap company. The stock increased 2.99% or $3.11 during the last trading session, reaching $107.04. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since February 24, 2017 and is downtrending. It has underperformed by 18.39% the S&P500. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.81 and a quick ratio of 0.86. Its the same as in 2017Q2. It increased, as 55 investors sold TXN shares while 333 reduced holdings. North Star Invest Mgmt reported 2,200 shares. Seabridge Invest Advsrs Limited Liability Corp holds 0.6% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 36,282 shares. Denver Invest Advisors Lc, a Colorado-based fund reported 3,232 shares. 1,866 are held by Next Grp Inc. Moreover, Blue Ridge Capital Ltd Liability Corporation has 0.58% invested in Oasis Petroleum Inc. Fil reported 236,847 shares.

Investors are taking another look at shares of Enable Midstream Partners LP (ENBL). At the time of writing, Enable Midstream Partners LP (ENBL) has a 14-day Commodity Channel Index (CCI) of -164.53. Moreover, Heronetta Management L.P. has 4.39% invested in the company for 105,700 shares. Brighton Jones Limited Co owns 5,632 shares or 0.05% of their United States portfolio. Samson Ltd Liability Company holds 90,268 shares or 6.95% of its portfolio. Renaissance Technologies Limited Com invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). Cincinnati Insur Communications reported 33,220 shares or 0.07% of all its holdings. Kopp Investment Advisors Llc owns 149,670 shares or 1.85% of their USA portfolio. Miller Howard Invs reported 905,472 shares. The firm had revenue of $68.07 million for the quarter, compared to analysts' expectations of $65.03 million. equities analysts predict that Noble Midstream Partners LP will post 4.73 earnings per share for the current fiscal year. The energy company reported $1.16 EPS for the quarter, missing the Zacks' consensus estimate of $1.17 by ($0.01). MMP's profit will be $230.48 million for 16.06 P/E if the $1.01 EPS becomes a reality. Magellan Midstream Partners posted sales of $642.07 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.6%.

Tracking other technical indicators, the 14-day RSI is presently standing at 29.77, the 7-day sits at 13.99, and the 3-day is resting at 2.50 for Summit Midstream Partners LP (SMLP). Therefore 62% are positive. Shell Midstream Partners had 24 analyst reports since July 2, 2015 according to SRatingsIntel. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Summit Midstream Partners by 5.5% in the 4th quarter. Zacks Investment Research downgraded Noble Midstream Partners from a "hold" rating to a "sell" rating in a research note on Wednesday, January 10th. JP Morgan initiated the shares of ENB in report on Tuesday, December 15 with "Overweight" rating. Stifel Nicolaus maintained it with "Hold" rating and $4500 target in Tuesday, August 8 report. Finally, SunTrust Banks set a $24.00 target price on shares of Summit Midstream Partners and gave the stock a "hold" rating in a research report on Monday, January 29th. The firm has "Neutral" rating by Credit Suisse given on Friday, August 7. The firm earned "Buy" rating on Thursday, September 21 by Citigroup. Royal Bank of Canada restated a "hold" rating and issued a $79.00 price target on shares of Magellan Midstream Partners in a research note on Friday, February 2nd. Credit Suisse upgraded the stock to "Outperform" rating in Thursday, March 17 report.

Goldman Sachs Group Inc, which manages about $408.33B US Long portfolio, upped its stake in Select Sector Spdr Tr (Call) (XLF) by 271,600 shares to 10.11 million shares, valued at $261.35 million in 2017Q3, according to the filing. 9,724 shares were sold by BLINN MARK A, worth $1.09M on Thursday, January 25. On Wednesday, December 13 the insider MATSCHULLAT ROBERT W sold $707,561.

It also reduced its holding in Exact Sciences Corp (NASDAQ:EXAS) by 463,376 shares in the quarter, leaving it with 762,288 shares, and cut its stake in Vantiv Inc (NYSE:VNTV). XIE BING had sold 15,877 shares worth $1.73 million. Therefore 67% are positive. Enbridge Inc. had 23 analyst reports since August 4, 2015 according to SRatingsIntel. Nomura maintained Texas Instruments Incorporated (NASDAQ:TXN) on Wednesday, October 25 with "Neutral" rating. They issued a buy rating on the stock. The company was maintained on Sunday, August 20 by RBC Capital Markets. Stephens maintained Visa Inc.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. RBC Capital Markets has "Outperform" rating and $82 target. The stock of 8×8, Inc. As per Friday, April 21, the company rating was initiated by Macquarie Research. The firm has "Market Perform" rating given on Monday, October 30 by Wells Fargo.

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