Enbridge Energy, L.P. (NYSE:EEP) was the target of some unusual options trading activity on Thursday. Stock traders acquired 1,674 call options on the company. This is an increase of 1,096% compared to the average daily volume of 140 call options.

Enbridge Energy (NYSE EEP) opened at $14.77 on Friday. Enbridge Energy has a 52 week low of $12.25 and a 52 week high of $26.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.94. The company has a market cap of $4,773.68, a price-to-earnings ratio of 21.50 and a beta of 1.20.

Enbridge Energy (NYSE:EEP) last posted its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.24. Enbridge Energy had a net margin of 8.47% and a return on equity of 6.03%. The firm had revenue of $616.40 million for the quarter, compared to the consensus estimate of $637.68 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. equities research analysts predict that Enbridge Energy will post 0.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.40 dividend on an annualized basis and a yield of 9.48%. Enbridge Energy’s dividend payout ratio (DPR) is 222.23%.

A number of research firms recently weighed in on EEP. Barclays lowered their price target on shares of Enbridge Energy from $21.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, November 20th. Morgan Stanley reduced their price objective on shares of Enbridge Energy from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Mizuho reiterated a “hold” rating and set a $17.00 price objective on shares of Enbridge Energy in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Enbridge Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price objective on shares of Enbridge Energy in a research note on Sunday, September 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.56.

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Enbridge Energy by 25.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,625 shares of the pipeline company’s stock worth $154,000 after buying an additional 1,959 shares during the last quarter. PARK CIRCLE Co bought a new position in shares of Enbridge Energy in the 2nd quarter worth about $160,000. Walter & Keenan Financial Consulting Co. MI ADV lifted its position in shares of Enbridge Energy by 297.0% in the 3rd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 40,100 shares of the pipeline company’s stock worth $161,000 after buying an additional 30,000 shares during the last quarter. Wedbush Securities Inc. bought a new position in shares of Enbridge Energy in the 3rd quarter worth about $167,000. Finally, Penserra Capital Management LLC lifted its position in shares of Enbridge Energy by 135.1% in the 2nd quarter. Penserra Capital Management LLC now owns 11,557 shares of the pipeline company’s stock worth $184,000 after buying an additional 6,641 shares during the last quarter. Institutional investors own 44.97% of the company’s stock.

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Enbridge Energy Company Profile

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.

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