$0.10 EPS Expected for Enbridge Energy Management LLC (EEQ) This Quarter

Equities research analysts expect Enbridge Energy Management LLC (NYSE:EEQ) to post $0.10 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Enbridge Energy Management’s earnings, with estimates ranging from ($0.02) to $0.16. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Enbridge Energy Management will report full year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.48 to $0.77. For the next financial year, analysts anticipate that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.59 to $1.07. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Enbridge Energy Management.

EEQ has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price target on shares of Enbridge Energy Management in a report on Friday, March 24th. Zacks Investment Research upgraded shares of Enbridge Energy Management from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Morgan Stanley downgraded shares of 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.86.

A number of institutional investors have recently bought and sold shares of EEQ. Energy Income Partners LLC acquired a new position in Enbridge Energy Management during the fourth quarter valued at $231,386,000. Kayne Anderson Capital Advisors LP increased its position in Enbridge Energy Management by 10.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,200,546 shares of the oil and gas producer’s stock valued at $169,465,000 after buying an additional 864,464 shares during the period. Maple Brown Abbott Ltd increased its position in Enbridge Energy Management by 38.4% in the first quarter. Maple Brown Abbott Ltd now owns 2,039,735 shares of the oil and gas producer’s stock valued at $37,572,000 after buying an additional 566,456 shares during the period. Brookfield Asset Management Inc. increased its position in Enbridge Energy Management by 135.2% in the first quarter. Brookfield Asset Management Inc. now owns 790,605 shares of the oil and gas producer’s stock valued at $14,563,000 after buying an additional 454,413 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Enbridge Energy Management during the fourth quarter valued at $9,506,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.

Enbridge Energy Management (EEQ) traded down 2.95% during mid-day trading on Thursday, hitting $14.46. 595,966 shares of the stock were exchanged. The company has a 50-day moving average price of $16.63 and a 200-day moving average price of $19.61. Enbridge Energy Management has a one year low of $14.45 and a one year high of $25.36. The company’s market cap is $1.24 billion.

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About Enbridge Energy Management

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