Enbridge Energy Management LLC (EEQ) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Enbridge Energy Management LLC (NYSE:EEQ) from a hold rating to a buy rating in a research report report published on Monday. They currently have $17.00 price target on the oil and gas producer’s stock.

According to Zacks, “Enbridge Energy Management is a Delaware limited liability company. They manage and control the business and affairs of Enbridge Partners. They have no assets or operations other than those related to their interest in Enbridge Partners. “

Several other equities analysts have also recently weighed in on EEQ. Royal Bank Of Canada restated a hold rating and set a $20.00 price target on shares of Enbridge Energy Management in a report on Tuesday, February 21st. Morgan Stanley cut Enbridge Energy Management from an overweight rating to an equal weight rating and cut their price target for the company from $21.58 to $19.00 in a report on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Enbridge Energy Management presently has an average rating of Buy and a consensus price target of $23.86.

Enbridge Energy Management (NYSE:EEQ) traded down 1.41% during mid-day trading on Monday, reaching $14.69. The company had a trading volume of 394,594 shares. Enbridge Energy Management has a 1-year low of $14.45 and a 1-year high of $25.36. The firm has a 50-day moving average of $16.63 and a 200 day moving average of $19.61. The company’s market capitalization is $1.26 billion.

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Large investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can raised its stake in Enbridge Energy Management by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 8,765 shares of the oil and gas producer’s stock valued at $161,000 after buying an additional 222 shares during the last quarter. Buckingham Asset Management LLC raised its stake in Enbridge Energy Management by 2.6% in the first quarter. Buckingham Asset Management LLC now owns 10,418 shares of the oil and gas producer’s stock valued at $192,000 after buying an additional 264 shares during the last quarter. Creative Planning raised its stake in Enbridge Energy Management by 194.2% in the first quarter. Creative Planning now owns 11,031 shares of the oil and gas producer’s stock valued at $203,000 after buying an additional 7,282 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Enbridge Energy Management by 2.6% in the first quarter. Chicago Partners Investment Group LLC now owns 11,213 shares of the oil and gas producer’s stock valued at $207,000 after buying an additional 284 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Enbridge Energy Management during the first quarter valued at about $213,000. 77.36% of the stock is owned by institutional investors and hedge funds.

About Enbridge Energy Management

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