Equities analysts expect that Enbridge Energy Management LLC (NYSE:EEQ) will report $0.22 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Enbridge Energy Management’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.18. Enbridge Energy Management posted earnings of ($0.02) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1,200%. The firm is expected to announce its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that Enbridge Energy Management will report full year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.41 to $0.75. For the next fiscal year, analysts expect that the business will post earnings of $0.89 per share, with EPS estimates ranging from $0.57 to $1.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Enbridge Energy Management.

Several equities research analysts have issued reports on the company. ValuEngine downgraded Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $21.00 target price on shares of Enbridge Energy Management in a research report on Monday, August 21st. Zacks Investment Research downgraded Enbridge Energy Management from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. BidaskClub upgraded Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Morgan Stanley downgraded Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $21.58 to $19.00 in a research report on Thursday, June 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Enbridge Energy Management currently has an average rating of “Hold” and a consensus target price of $24.00.

Several hedge funds have recently modified their holdings of the stock. Kayne Anderson Capital Advisors LP raised its position in shares of Enbridge Energy Management by 8.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 9,991,806 shares of the oil and gas producer’s stock worth $153,960,000 after buying an additional 791,260 shares in the last quarter. Eagle Global Advisors LLC raised its position in shares of Enbridge Energy Management by 7.3% in the second quarter. Eagle Global Advisors LLC now owns 3,098,871 shares of the oil and gas producer’s stock worth $47,754,000 after buying an additional 210,126 shares in the last quarter. Maple Brown Abbott Ltd raised its position in shares of 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 worth $41,619,000 after buying an additional 661,057 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Enbridge Energy Management by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 2,635,840 shares of the oil and gas producer’s stock worth $48,552,000 after buying an additional 66,744 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Enbridge Energy Management by 28.4% in the second quarter. Macquarie Group Ltd. now owns 1,348,222 shares of the oil and gas producer’s stock worth $20,776,000 after buying an additional 298,218 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Shares of Enbridge Energy Management (NYSE:EEQ) traded down 1.43% during trading on Friday, reaching $14.44. The company’s stock had a trading volume of 242,720 shares. Enbridge Energy Management has a 52-week low of $13.42 and a 52-week high of $24.78. The stock’s market cap is $1.24 billion. The stock has a 50-day moving average of $14.40 and a 200-day moving average of $15.98.

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