Shares of Enbridge Energy Management LLC (NYSE:EEQ) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $25.00.

Several brokerages have recently issued reports on EEQ. Zacks Investment Research downgraded Enbridge Energy Management from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub upgraded Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Morgan Stanley downgraded 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 research report on Thursday, June 15th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $20.00 price objective on shares of Enbridge Energy Management in a research report on Friday, April 28th.

Enbridge Energy Management (NYSE EEQ) opened at 14.35 on Friday. The stock’s market cap is $1.23 billion. The stock’s 50 day moving average price is $15.00 and its 200 day moving average price is $16.75. Enbridge Energy Management has a 12-month low of $14.14 and a 12-month high of $25.96.

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Institutional investors have recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC increased its position in Enbridge Energy Management by 5,953.3% in the second quarter. HITE Hedge Asset Management LLC now owns 894,555 shares of the oil and gas producer’s stock valued at $13,785,000 after buying an additional 879,777 shares during the period. Kayne Anderson Capital Advisors LP increased its position in Enbridge Energy Management by 10.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,200,546 shares of the oil and gas producer’s stock valued at $169,465,000 after buying an additional 864,464 shares during the period. Maple Brown Abbott Ltd increased its position in Enbridge Energy Management by 32.4% in the second quarter. Maple Brown Abbott Ltd now owns 2,700,792 shares of the oil and gas producer’s stock valued at $41,619,000 after buying an additional 661,057 shares during the period. Oxbow Advisors LLC increased its position in Enbridge Energy Management by 151.9% in the second quarter. Oxbow Advisors LLC now owns 879,243 shares of the oil and gas producer’s stock valued at $13,549,000 after buying an additional 530,197 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Enbridge Energy Management during the second quarter valued at $6,932,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

About Enbridge Energy Management

Analyst Recommendations for Enbridge Energy Management (NYSE:EEQ)

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