Enbridge Energy Management (EEQ) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Enbridge Energy Management (NYSE:EEQ) from a buy rating to a hold rating in a research report report published on Monday.

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. “

A number of other analysts have also recently commented on the stock. ValuEngine cut shares of Enbridge Energy Management from a hold rating to a sell rating in a research note on Sunday, December 31st. Royal Bank of Canada reiterated a hold rating and issued a $21.00 price target on shares of Enbridge Energy Management in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has an average rating of Sell and an average price target of $17.50.

Shares of Enbridge Energy Management (EEQ) traded up $0.09 on Monday, reaching $14.27. 613,329 shares of the company traded hands, compared to its average volume of 647,267. Enbridge Energy Management has a fifty-two week low of $12.03 and a fifty-two week high of $26.44. The firm has a market capitalization of $1,250.00, a PE ratio of -203.86 and a beta of 1.19.

A number of hedge funds have recently made changes to their positions in the business. Atlantic Trust Group LLC lifted its stake in Enbridge Energy Management by 2.2% in the third quarter. Atlantic Trust Group LLC now owns 806,979 shares of the oil and gas producer’s stock valued at $12,476,000 after acquiring an additional 17,687 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Enbridge Energy Management by 98.0% in the third quarter. Susquehanna International Group LLP now owns 137,236 shares of the oil and gas producer’s stock valued at $2,122,000 after acquiring an additional 67,936 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Enbridge Energy Management by 26.5% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 1,950,324 shares of the oil and gas producer’s stock valued at $30,152,000 after acquiring an additional 408,589 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Enbridge Energy Management by 11.1% in the third quarter. Janney Montgomery Scott LLC now owns 65,747 shares of the oil and gas producer’s stock valued at $1,016,000 after acquiring an additional 6,568 shares during the last quarter. Finally, AMP Capital Investors Ltd lifted its stake in Enbridge Energy Management by 11.8% in the third quarter. AMP Capital Investors Ltd now owns 3,776,020 shares of the oil and gas producer’s stock valued at $58,378,000 after acquiring an additional 398,114 shares during the last quarter. Hedge funds and other institutional investors own 74.57% of the company’s stock.

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About Enbridge Energy Management

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