Enbridge Energy Management (EEQ) Stock Price Up 1.8%

Enbridge Energy Management, L.L.C. (NYSE:EEQ)’s share price rose 1.8% during trading on Thursday . The stock traded as high as $9.16 and last traded at $9.20. Approximately 487,007 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 734,760 shares. The stock had previously closed at $9.04.

EEQ has been the topic of several research analyst reports. Zacks Investment Research raised Enbridge Energy Management from a “strong sell” rating to a “hold” rating in a research report on Friday, December 1st. ValuEngine downgraded Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Bank of America initiated coverage on Enbridge Energy Management in a research report on Tuesday, January 9th. They issued an “underperform” rating and a $14.00 price objective on the stock. Morgan Stanley downgraded Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a research report on Thursday, January 11th. Finally, Ladenburg Thalmann Financial Services downgraded Enbridge Energy Management from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Friday, March 16th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.60.

Institutional investors have recently made changes to their positions in the business. Stuart Chaussee & Associates Inc. bought a new position in shares of Enbridge Energy Management during the 4th quarter worth $103,000. Fox Run Management L.L.C. bought a new position in shares of Enbridge Energy Management during the 4th quarter worth $238,000. Landscape Capital Management L.L.C. grew its position in shares of Enbridge Energy Management by 33.3% during the 4th quarter. Landscape Capital Management L.L.C. now owns 20,471 shares of the oil and gas producer’s stock worth $274,000 after buying an additional 5,116 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Enbridge Energy Management by 22.8% during the 4th quarter. Wells Fargo & Company MN now owns 22,492 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 4,178 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Enbridge Energy Management during the 4th quarter worth $308,000. 79.01% of the stock is currently owned by institutional investors.

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Enbridge Energy Management Company Profile

Enbridge Energy Management, LLC is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Company owns i-units, a special class of the Partnership’s limited partner interests. The Company manages the business of the Partnership. The Partnership owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States.

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