Enbridge Energy, Limited Partnership (NYSE:EEP) Shares Bought by BP Capital Fund Advisors LLC

BP Capital Fund Advisors LLC increased its holdings in Enbridge Energy, Limited Partnership (NYSE:EEP) by 51.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 412,682 shares of the pipeline company’s stock after purchasing an additional 139,554 shares during the quarter. BP Capital Fund Advisors LLC owned 0.13% of Enbridge Energy, Limited Partnership worth $3,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mutual Advisors LLC acquired a new position in Enbridge Energy, Limited Partnership in the 4th quarter worth about $539,000. Koch Industries Inc. acquired a new position in shares of Enbridge Energy, Limited Partnership during the fourth quarter valued at approximately $298,000. Macquarie Group Ltd. raised its holdings in shares of Enbridge Energy, Limited Partnership by 53.7% during the fourth quarter. Macquarie Group Ltd. now owns 1,357,900 shares of the pipeline company’s stock valued at $17,074,000 after acquiring an additional 474,200 shares during the last quarter. Adams Asset Advisors LLC raised its holdings in shares of Enbridge Energy, Limited Partnership by 44.5% during the fourth quarter. Adams Asset Advisors LLC now owns 512,066 shares of the pipeline company’s stock valued at $7,071,000 after acquiring an additional 157,648 shares during the last quarter. Finally, Finepoint Capital LP raised its holdings in shares of Enbridge Energy, Limited Partnership by 112.9% during the fourth quarter. Finepoint Capital LP now owns 4,246,366 shares of the pipeline company’s stock valued at $58,642,000 after acquiring an additional 2,251,909 shares during the last quarter. 43.90% of the stock is owned by institutional investors.

A number of equities analysts have commented on the company. Bank of America reduced their target price on Enbridge Energy, Limited Partnership from $14.00 to $13.00 and set an “underperform” rating for the company in a report on Tuesday, February 20th. JPMorgan Chase reissued a “neutral” rating and set a $15.00 target price (down previously from $16.00) on shares of Enbridge Energy, Limited Partnership in a report on Tuesday, March 13th. Zacks Investment Research cut Enbridge Energy, Limited Partnership from a “hold” rating to a “sell” rating in a report on Monday, March 12th. UBS reissued a “buy” rating and set a $14.00 target price (down previously from $16.50) on shares of Enbridge Energy, Limited Partnership in a report on Friday, March 2nd. Finally, Ladenburg Thalmann cut Enbridge Energy, Limited Partnership from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Friday, March 16th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.90.

NYSE:EEP opened at $10.29 on Friday. The company has a market capitalization of $3.29 billion, a P/E ratio of 11.33 and a beta of 1.31. Enbridge Energy, Limited Partnership has a one year low of $9.85 and a one year high of $10.00. The company has a quick ratio of 0.35, a current ratio of 0.21 and a debt-to-equity ratio of 0.84.

Enbridge Energy, Limited Partnership (NYSE:EEP) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $610.00 million during the quarter. Enbridge Energy, Limited Partnership had a return on equity of 5.66% and a net margin of 8.43%. equities research analysts anticipate that Enbridge Energy, Limited Partnership will post 0.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 7th. This represents a $1.40 annualized dividend and a yield of 13.61%. Enbridge Energy, Limited Partnership’s payout ratio is 175.00%.

Enbridge Energy, Limited Partnership Company Profile

Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services assets in the United States. The company's Lakehead system consists of approximately 4,212 miles of pipe and 74 pump stations located in the Great Lakes and Midwest regions of the United States.

Institutional Ownership by Quarter for Enbridge Energy, Limited Partnership (NYSE:EEP)

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