Enable Midstream Partners LP (NYSE:ENBL) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 4,400,000 shares, a drop of 10.6% from the January 15th total of 4,920,000 shares. Currently, 5.2% of the company’s stock are sold short. Based on an average trading volume of 1,160,000 shares, the short-interest ratio is presently 3.8 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in Enable Midstream Partners by 25.0% in the fourth quarter. Advisors Asset Management Inc. now owns 173,981 shares of the pipeline company’s stock valued at $1,745,000 after buying an additional 34,815 shares during the period. Jane Street Group LLC acquired a new position in Enable Midstream Partners in the fourth quarter valued at $671,000. Bank of America Corp DE lifted its holdings in Enable Midstream Partners by 58.4% in the fourth quarter. Bank of America Corp DE now owns 458,038 shares of the pipeline company’s stock valued at $4,594,000 after buying an additional 168,824 shares during the period. Marshall Wace LLP lifted its holdings in Enable Midstream Partners by 295.1% in the fourth quarter. Marshall Wace LLP now owns 1,325,645 shares of the pipeline company’s stock valued at $13,296,000 after buying an additional 990,120 shares during the period. Finally, Marshall Wace North America L.P. lifted its holdings in Enable Midstream Partners by 89.2% in the fourth quarter. Marshall Wace North America L.P. now owns 483,417 shares of the pipeline company’s stock valued at $4,849,000 after buying an additional 227,973 shares during the period. Institutional investors own 17.83% of the company’s stock.

Shares of NYSE ENBL traded down $0.33 during mid-day trading on Friday, hitting $8.73. The company had a trading volume of 1,159,400 shares, compared to its average volume of 874,494. The company has a market capitalization of $4.06 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. The firm has a 50-day simple moving average of $9.94 and a two-hundred day simple moving average of $10.91. The company has a current ratio of 0.51, a quick ratio of 0.45 and a debt-to-equity ratio of 0.55. Enable Midstream Partners has a one year low of $8.57 and a one year high of $16.05.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be issued a $0.3305 dividend. This represents a $1.32 annualized dividend and a dividend yield of 15.14%. The ex-dividend date is Friday, February 14th. Enable Midstream Partners’s payout ratio is 118.92%.

Several equities analysts have recently weighed in on ENBL shares. Zacks Investment Research upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. ValuEngine upgraded Enable Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Co upgraded Enable Midstream Partners from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective for the company in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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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