Equities research analysts predict that Enbridge Energy Management, L.L.C. (NYSE:EEQ) will report earnings of $0.22 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Enbridge Energy Management’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.19. Enbridge Energy Management posted earnings per share of ($0.02) during the same quarter last year, which suggests a positive year-over-year growth rate of 1,200%. The company is scheduled to announce its next quarterly earnings results on Monday, December 11th.

According to Zacks, analysts expect that Enbridge Energy Management will report full year earnings of $0.74 per share for the current year. For the next financial year, analysts anticipate that the business will post earnings of $0.90 per share, with EPS estimates ranging from $0.80 to $1.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Enbridge Energy Management.

A number of brokerages recently issued reports on EEQ. Zacks Investment Research upgraded Enbridge Energy Management from a “strong sell” rating to a “hold” rating in a research note on Friday, December 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a research report on Monday, October 30th. Finally, ValuEngine cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $19.33.

Shares of Enbridge Energy Management (EEQ) traded down $0.03 during trading on Monday, reaching $13.35. The company had a trading volume of 488,500 shares, compared to its average volume of 435,469. Enbridge Energy Management has a fifty-two week low of $12.03 and a fifty-two week high of $26.53.

Several hedge funds and other institutional investors have recently modified their holdings of EEQ. Susquehanna International Group LLP boosted its stake in 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 buying an additional 67,936 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in 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 buying an additional 408,589 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Enbridge Energy Management by 11.1% during the third quarter. Janney Montgomery Scott LLC now owns 65,747 shares of the oil and gas producer’s stock valued at $1,016,000 after purchasing an additional 6,568 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of Enbridge Energy Management by 11.8% during the third quarter. AMP Capital Investors Ltd now owns 3,776,020 shares of the oil and gas producer’s stock valued at $58,378,000 after purchasing an additional 398,114 shares during the period. Finally, Franklin Square Holdings L.P. boosted its stake in shares of Enbridge Energy Management by 46.1% during the third quarter. Franklin Square Holdings L.P. now owns 89,847 shares of the oil and gas producer’s stock valued at $1,389,000 after purchasing an additional 28,359 shares during the period. 74.58% of the stock is owned by institutional investors.

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