Enbridge Energy Partners LP (EEP) Posts Quarterly Earnings, Misses Expectations By $0.13 EPS
Enbridge Energy Partners LP (NYSE:EEP) released its earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.13, Analyst Ratings Net reports. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.77 billion.
Shares of Enbridge Energy Partners LP (NYSE:EEP) traded up 0.61% on Thursday, hitting $27.87. The stock had a trading volume of 1,142,949 shares. Enbridge Energy Partners LP has a one year low of $27.01 and a one year high of $33.49. The stock has a 50-day moving average of $28.91 and a 200-day moving average of $29.67. The company’s market cap is $9.047 billion.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.5435 per share. This represents a $2.17 annualized dividend and a dividend yield of 7.80%. The ex-dividend date is Wednesday, February 5th.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Enbridge Energy Partners LP in a research note on Wednesday, December 18th. Finally, analysts at Morgan Stanley initiated coverage on shares of Enbridge Energy Partners LP in a research note on Tuesday, December 17th. They set an “underweight” rating and a $29.00 price target on the stock. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.67.
Enbridge Energy Partners, L.P. (NYSE:EEP) 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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