Macquarie Group Ltd. Has $17.07 Million Stake in Enbridge Energy Partners, L.P. (EEP)

Macquarie Group Ltd. increased its position in shares of Enbridge Energy Partners, L.P. (NYSE:EEP) by 53.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,357,900 shares of the pipeline company’s stock after purchasing an additional 474,200 shares during the quarter. Macquarie Group Ltd.’s holdings in Enbridge Energy Partners were worth $17,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EEP. Tortoise Capital Advisors L.L.C. raised its position in shares of Enbridge Energy Partners by 109.7% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,619,043 shares of the pipeline company’s stock valued at $121,752,000 after buying an additional 3,985,284 shares during the period. Finepoint Capital LP raised its position in shares of Enbridge Energy Partners by 112.9% during the 4th quarter. Finepoint Capital LP now owns 4,246,366 shares of the pipeline company’s stock valued at $58,642,000 after buying an additional 2,251,909 shares during the period. Cushing Asset Management LP raised its position in shares of Enbridge Energy Partners by 248.9% during the 4th quarter. Cushing Asset Management LP now owns 2,500,000 shares of the pipeline company’s stock valued at $34,525,000 after buying an additional 1,783,500 shares during the period. Advisory Research Inc. raised its position in shares of Enbridge Energy Partners by 32.3% during the 4th quarter. Advisory Research Inc. now owns 7,001,255 shares of the pipeline company’s stock valued at $96,687,000 after buying an additional 1,707,465 shares during the period. Finally, Maple Brown Abbott Ltd raised its position in shares of Enbridge Energy Partners by 75.9% during the 4th quarter. Maple Brown Abbott Ltd now owns 3,011,748 shares of the pipeline company’s stock valued at $41,592,000 after buying an additional 1,299,817 shares during the period. 45.01% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Enbridge Energy Partners stock opened at $9.45 on Friday. Enbridge Energy Partners, L.P. has a 1-year low of $9.19 and a 1-year high of $19.64. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market cap of $3,085.59, a P/E ratio of 11.81 and a beta of 1.22.

Enbridge Energy Partners (NYSE:EEP) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.06. Enbridge Energy Partners had a net margin of 6.89% and a return on equity of 5.47%. The firm had revenue of $610.00 million during the quarter. equities analysts expect that Enbridge Energy Partners, L.P. will post 0.7 earnings per share for the current fiscal year.

Several research firms have recently commented on EEP. Zacks Investment Research lowered shares of Enbridge Energy Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Bank of America began coverage on shares of Enbridge Energy Partners in a research report on Tuesday, January 9th. They set an “underperform” rating on the stock. Morgan Stanley lowered shares of Enbridge Energy Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research report on Thursday, January 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down previously from $16.00) on shares of Enbridge Energy Partners in a research report on Tuesday, March 13th. Finally, UBS reaffirmed a “buy” rating and set a $14.00 price target (down previously from $16.50) on shares of Enbridge Energy Partners in a research report on Friday, March 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.91.

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Enbridge Energy Partners Profile

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.

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Institutional Ownership by Quarter for Enbridge Energy Partners (NYSE:EEP)

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