Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $22.33.

Several research analysts recently weighed in on the stock. FBR & Co restated an “outperform” rating and set a $31.00 price target on shares of Enbridge Energy Management, L.L.C. in a research report on Friday, September 9th. Simmons upgraded shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to an “overweight” rating in a research report on Thursday, September 8th. Goldman Sachs Group Inc. downgraded shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $21.00 to $20.00 in a research report on Wednesday, July 20th. Zacks Investment Research downgraded shares of Enbridge Energy Management, L.L.C. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Piper Jaffray Cos. upgraded shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to an “overweight” rating in a research report on Wednesday, September 7th.

Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down 0.2363% during mid-day trading on Tuesday, hitting $24.3224. The company’s stock had a trading volume of 117,747 shares. The stock’s 50 day moving average price is $23.73 and its 200 day moving average price is $21.49. Enbridge Energy Management, L.L.C. has a 52-week low of $13.80 and a 52-week high of $27.86. The company’s market cap is $1.90 billion.

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Hedge funds have recently made changes to their positions in the company. Integrated Investment Consultants LLC increased its stake in shares of Enbridge Energy Management, L.L.C. by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 23,061 shares of the company’s stock worth $528,000 after buying an additional 618 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Enbridge Energy Management, L.L.C. by 8.5% in the first quarter. First Republic Investment Management Inc. now owns 74,419 shares of the company’s stock worth $1,336,000 after buying an additional 5,842 shares in the last quarter. Energy Income Partners LLC increased its stake in shares of Enbridge Energy Management, L.L.C. by 14.2% in the first quarter. Energy Income Partners LLC now owns 7,810,101 shares of the company’s stock worth $140,191,000 after buying an additional 968,513 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Enbridge Energy Management, L.L.C. by 3.2% in the first quarter. Royal Bank of Canada now owns 767,193 shares of the company’s stock worth $13,770,000 after buying an additional 23,639 shares in the last quarter. Finally, AMP Capital Investors Ltd increased its stake in shares of Enbridge Energy Management, L.L.C. by 3.6% in the first quarter. AMP Capital Investors Ltd now owns 537,626 shares of the company’s stock worth $9,548,000 after buying an additional 18,595 shares in the last quarter.

Enbridge Energy Management, L.L.C. Company Profile

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