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Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) reached a new 52-week high during trading on Friday , American Banking News.com reports. The company traded as high as $35.81 and last traded at $35.69, with a volume of 64,702 shares changing hands. The stock had previously closed at $35.70.

A number of analysts have recently weighed in on EEQ shares. Analysts at RBC Capital raised their price target on shares of Enbridge Energy Management, L.L.C. from $30.00 to $34.00 in a research note on Friday, August 1st. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Wednesday, July 30th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Enbridge Energy Management, L.L.C. has an average rating of “Hold” and a consensus target price of $30.80.

The stock’s 50-day moving average is $34.13 and its 200-day moving average is $29.80. The company’s market cap is $2.367 billion.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) last posted its quarterly earnings results on Monday, August 18th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.21. On average, analysts predict that Enbridge Energy Management, L.L.C. will post $1.00 earnings per share for the current fiscal year.

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

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