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Midcoast Energy Partners LP (NYSE:MEP) declared a dividend on Wednesday, January 29th, Stock Ratings News reports. Investors of record on Friday, February 7th will be given a dividend of 0.1645 per share on Friday, February 14th. The ex-dividend date of this dividend is Wednesday, February 5th.

A number of analysts have recently weighed in on MEP shares. Analysts at Merrill Lynch initiated coverage on shares of Midcoast Energy Partners LP in a research note to investors on Tuesday, December 17th. They set a “buy” rating on the stock. On the ratings front, analysts at Credit Suisse initiated coverage on shares of Midcoast Energy Partners LP in a research note to investors on Tuesday, December 17th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Midcoast Energy Partners LP in a research note to investors on Tuesday, December 17th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $21.67.

Midcoast Energy Partners LP (NYSE:MEP) opened at 20.71 on Thursday. Midcoast Energy Partners LP has a 1-year low of $16.96 and a 1-year high of $21.34. The stock has a 50-day moving average of $19.54 and a 200-day moving average of $18.7.

Midcoast Energy Partners L.P. is a vehicle for owning and growing its natural gas and natural gas liquids, or natural gas liquid (NYSE:MEP), midstream business in the United States.

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