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Enable Midstream Partners Offers a Solid Total Return Potential

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Apr. 12 2019, Updated 11:10 a.m. ET

Enable Midstream Partners

Enable Midstream Partners (ENBL) has a potential upside of 24% based on its median target price of $16.91. Currently, Enable Midstream Partners is trading at $13.64. Wall Street analysts seem cautious about Enable Midstream Partners stock. Among the 12 analysts tracking Enable Midstream Partners, eight recommended a “hold,” two recommended a “strong buy,” and two recommended a “buy.”

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Recently, Enable Midstream Partners stock has underperformed its peers. The stock has fallen marginally, while the Alerian MLP ETF (AMLP) has risen more than 4% in the past 12 months. Enable Midstream Partners is trading at a distribution yield of 9.3%, which is higher than AMLP’s yield of 8.1%.

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Peer comparison

DCP Midstream (DCP) offers an implied gain of more than 11% given analysts’ median target price of $36.5. Currently, DCP Midstream is trading at $32.75. UBS cut DCP Midstream’s target price from $39.0 to $38.0 on April 8. DCP Midstream has a solid distribution yield of 9.5%, which is higher than many of its peers. The company managed to increase its distribution per unit 2% compounded annually in the last five years.

Natural gas infrastructure major Kinder Morgan (KMI) is scheduled to release its quarterly earnings on April 16. To learn more, read Kinder Morgan’s Q1 Earnings are Expected to Rise 9%.

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