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Enbridge Energy Management, L.L.C. (NYSE:EEQ)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs in a research report issued to clients and investors on Wednesday.

Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down 1.21% during mid-day trading on Wednesday, hitting $34.29. 62,032 shares of the company’s stock traded hands. Enbridge Energy Management, L.L.C. has a 1-year low of $25.7073 and a 1-year high of $35.76. The stock has a 50-day moving average of $33.84 and a 200-day moving average of $29.35. The company has a market cap of $2.270 billion and a price-to-earnings ratio of 723.12.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) last posted its quarterly 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 $0.96 EPS for the current fiscal year.

A number of other firms have also recently commented on EEQ. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Wednesday, July 9th. Separately, analysts at S&P Equity Research downgraded shares of Enbridge Energy Management, L.L.C. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 1st. They now have a $31.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.18.

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

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