Wall Street brokerages expect Enbridge Energy Management LLC (NYSE:EEQ) to report $0.17 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Enbridge Energy Management’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.19. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Enbridge Energy Management will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.42 to $0.77. For the next year, analysts anticipate that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.59 to $1.07. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Enbridge Energy Management.

EEQ has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $20.00 price objective on shares of Enbridge Energy Management in a report on Friday, March 24th. Zacks Investment Research cut shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Monday, March 27th. Morgan Stanley cut shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $21.58 to $19.00 in a report on Thursday, June 15th. Finally, BidaskClub upgraded shares of Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Enbridge Energy Management presently has an average rating of “Buy” and an average price target of $23.86.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Enbridge Energy Management by 24.6% in the fourth quarter. State Street Corp now owns 106,201 shares of the oil and gas producer’s stock valued at $2,752,000 after buying an additional 20,999 shares during the period. Renaissance Technologies LLC raised its stake in shares of Enbridge Energy Management by 67.1% in the fourth quarter. Renaissance Technologies LLC now owns 206,056 shares of the oil and gas producer’s stock valued at $5,337,000 after buying an additional 82,757 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Enbridge Energy Management by 1.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 336,192 shares of the oil and gas producer’s stock valued at $8,707,000 after buying an additional 5,592 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Enbridge Energy Management by 6.0% in the fourth quarter. Macquarie Group Ltd. now owns 792,672 shares of the oil and gas producer’s stock valued at $20,530,000 after buying an additional 45,067 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Enbridge Energy Management by 194.2% in the first quarter. Creative Planning now owns 11,031 shares of the oil and gas producer’s stock valued at $203,000 after buying an additional 7,282 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.

Shares of Enbridge Energy Management (NYSE EEQ) traded down 0.78% during trading on Tuesday, reaching $15.24. 115,490 shares of the company were exchanged. The stock’s 50-day moving average is $16.08 and its 200-day moving average is $19.15. Enbridge Energy Management has a 52-week low of $14.45 and a 52-week high of $25.36. The firm’s market cap is $1.30 billion.

About Enbridge Energy Management

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