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Enbridge Energy Management, L.L.C. (NYSE:EEQ) shares reached a new 52-week high during mid-day trading on Monday , Stock Ratings Network.com reports. The stock traded as high as $35.34 and last traded at $35.15, with a volume of 65,556 shares traded. The stock had previously closed at $34.98.

A number of research firms have recently commented on EEQ. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Thursday, June 5th. They now have a $33.00 price target on the stock, up previously from $30.00. Separately, analysts at Global Hunter Securities initiated coverage on shares of Enbridge Energy Management, L.L.C. in a research note on Tuesday, June 3rd. They set a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of Enbridge Energy Management, L.L.C. from an “underperform” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $30.10 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.82.

The stock’s 50-day moving average is $31.04 and its 200-day moving average is $28.2. The company has a market cap of $2.333 billion and a P/E ratio of 728.75.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.11. Analysts expect that Enbridge Energy Management, L.L.C. will post $0.95 EPS for the current fiscal year.

Enbridge Energy Management, LLC. (NYSE:EEQ) is a limited partner of Enbridge Energy Partners, L.

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