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Analysts at RBC Capital increased their target price on shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) from $30.00 to $34.00 in a research report issued to clients and investors on Friday. RBC Capital’s target price would indicate a potential upside of 1.25% from the company’s current price.

Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down 0.97% on Friday, hitting $33.58. 179,852 shares of the company’s stock traded hands. Enbridge Energy Management, L.L.C. has a 52-week low of $25.7073 and a 52-week high of $35.76. The stock has a 50-day moving average of $34.15 and a 200-day moving average of $29.47. The company has a market cap of $2.223 billion and a P/E ratio of 706.46.

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. On average, analysts predict that Enbridge Energy Management, L.L.C. will post $0.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Tuesday, August 5th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Wednesday. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Enbridge Energy Management, L.L.C. currently has an average rating of “Hold” and a consensus target price of $30.68.

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

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