Enbridge Energy Management LLC (NYSE:EEQ)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a report released on Monday. They presently have a $21.00 price objective on the oil and gas producer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 46.55% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub cut Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two investment 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’s stock. Enbridge Energy Management presently has an average rating of “Hold” and a consensus target price of $21.25.

Enbridge Energy Management (NYSE EEQ) traded up 2.50% during mid-day trading on Monday, reaching $14.33. 360,121 shares of the company’s stock were exchanged. The stock’s market cap is $1.23 billion. The stock has a 50-day moving average price of $14.94 and a 200-day moving average price of $15.33. Enbridge Energy Management has a 52 week low of $13.42 and a 52 week high of $24.78.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Capital Advisors LP lifted its stake in Enbridge Energy Management by 8.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 9,991,806 shares of the oil and gas producer’s stock valued at $153,960,000 after acquiring an additional 791,260 shares in the last quarter. Eagle Global Advisors LLC lifted its stake in Enbridge Energy Management by 7.3% in the 2nd quarter. Eagle Global Advisors LLC now owns 3,098,871 shares of the oil and gas producer’s stock valued at $47,754,000 after acquiring an additional 210,126 shares in the last quarter. Maple Brown Abbott Ltd lifted its stake in Enbridge Energy Management by 32.4% in the 2nd 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 acquiring an additional 661,057 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Enbridge Energy Management by 28.4% in the 2nd quarter. Macquarie Group Ltd. now owns 1,348,222 shares of the oil and gas producer’s stock valued at $20,776,000 after acquiring an additional 298,218 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Enbridge Energy Management by 40.4% in the 2nd quarter. Royal Bank of Canada now owns 1,169,569 shares of the oil and gas producer’s stock valued at $18,023,000 after acquiring an additional 336,347 shares in the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Enbridge Energy Management Company Profile

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