Enbridge Energy Management (NYSE:EEQ) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Enbridge Energy Management is a Delaware limited liability company. They manage and control the business and affairs of Enbridge Partners. They have no assets or operations other than those related to their interest in Enbridge Partners. “

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $21.00 price objective on shares of Enbridge Energy Management in a report on Monday, October 30th. ValuEngine cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Enbridge Energy Management currently has an average rating of “Hold” and an average price target of $19.33.

Shares of Enbridge Energy Management (NYSE EEQ) traded up $0.17 during mid-day trading on Friday, reaching $13.67. The company had a trading volume of 1,319,687 shares, compared to its average volume of 432,477. Enbridge Energy Management has a 52-week low of $12.03 and a 52-week high of $26.53.

Hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP raised its holdings in shares of Enbridge Energy Management by 98.0% in the third quarter. Susquehanna International Group LLP now owns 137,236 shares of the oil and gas producer’s stock worth $2,122,000 after acquiring an additional 67,936 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Enbridge Energy Management by 26.5% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 1,950,324 shares of the oil and gas producer’s stock worth $30,152,000 after acquiring an additional 408,589 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Enbridge Energy Management by 11.1% in the third quarter. Janney Montgomery Scott LLC now owns 65,747 shares of the oil and gas producer’s stock worth $1,016,000 after acquiring an additional 6,568 shares during the last quarter. AMP Capital Investors Ltd raised its holdings in shares of Enbridge Energy Management by 11.8% in the third quarter. AMP Capital Investors Ltd now owns 3,776,020 shares of the oil and gas producer’s stock worth $58,378,000 after acquiring an additional 398,114 shares during the last quarter. Finally, Franklin Square Holdings L.P. raised its holdings in shares of Enbridge Energy Management by 46.1% in the third quarter. Franklin Square Holdings L.P. now owns 89,847 shares of the oil and gas producer’s stock worth $1,389,000 after acquiring an additional 28,359 shares during the last quarter. 74.59% of the stock is owned by hedge funds and other institutional investors.

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