Enbridge Energy Management (NYSE:EEQ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $16.00 price objective on the oil and gas producer’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.65% from the company’s current price.

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 research firms have also issued reports on EEQ. Royal Bank of Canada restated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a report on Wednesday, September 27th. ValuEngine lowered shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Sunday. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Enbridge Energy Management presently has an average rating of “Hold” and an average target price of $18.67.

Enbridge Energy Management (NYSE:EEQ) traded up $0.38 during trading on Wednesday, reaching $14.33. 833,600 shares of the company’s stock traded hands, compared to its average volume of 693,250. Enbridge Energy Management has a 52-week low of $12.03 and a 52-week high of $26.53. The company has a market cap of $1,250.00, a price-to-earnings ratio of -204.71 and a beta of 1.19.

Several large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in shares of Enbridge Energy Management by 2.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock valued at $137,000 after acquiring an additional 171 shares in the last quarter. M&T Bank Corp increased its stake in shares of Enbridge Energy Management by 1.9% in the 2nd quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock valued at $163,000 after acquiring an additional 201 shares in the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of Enbridge Energy Management by 1.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 12,659 shares of the oil and gas producer’s stock valued at $195,000 after acquiring an additional 241 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Enbridge Energy Management by 1.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 18,059 shares of the oil and gas producer’s stock valued at $278,000 after acquiring an additional 345 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Enbridge Energy Management by 1.2% in the 2nd quarter. California Public Employees Retirement System now owns 105,620 shares of the oil and gas producer’s stock valued at $1,628,000 after acquiring an additional 1,234 shares in the last quarter. Institutional investors own 74.57% of the company’s stock.

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