Shares of Enbridge Energy Management LLC (NYSE:EEQ) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $22.33.

A number of equities research analysts have recently commented on EEQ shares. Royal Bank Of Canada reissued a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy Management in a research note on Monday, August 21st. ValuEngine cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub cut Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research raised Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, October 10th.

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Large investors have recently made changes to their positions in the company. Saratoga Research & Investment Management bought a new position in shares of Enbridge Energy Management during the third quarter valued at $104,000. Cedar Wealth Management LLC bought a new position in shares of Enbridge Energy Management during the third quarter valued at $104,000. Quantbot Technologies LP bought a new position in shares of Enbridge Energy Management during the second quarter valued at $113,000. Great West Life Assurance Co. Can lifted its holdings in shares of Enbridge Energy Management by 2.6% during the first quarter. Great West Life Assurance Co. Can now owns 8,765 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 222 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Enbridge Energy Management by 1.9% during the second quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock valued at $163,000 after purchasing an additional 201 shares in the last quarter. 75.03% of the stock is currently owned by hedge funds and other institutional investors.

Enbridge Energy Management (NYSE EEQ) opened at 13.96 on Wednesday. Enbridge Energy Management has a 52 week low of $13.42 and a 52 week high of $24.78. The firm’s 50-day moving average price is $15.00 and its 200 day moving average price is $15.44. The company’s market capitalization is $1.20 billion.

Enbridge Energy Management Company Profile

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