Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) have earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.63.

A number of research analysts recently issued reports on EEP shares. Morgan Stanley downgraded Enbridge Energy Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a report on Thursday, January 11th. Barclays reduced their price target on Enbridge Energy Partners from $21.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, November 20th. Zacks Investment Research upgraded Enbridge Energy Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a report on Tuesday, October 10th. Bank of America started coverage on Enbridge Energy Partners in a report on Tuesday, January 9th. They set an “underperform” rating on the stock. Finally, Mizuho restated a “hold” rating and set a $17.00 price target on shares of Enbridge Energy Partners in a report on Friday, October 20th.

Shares of Enbridge Energy Partners (NYSE EEP) traded up $0.12 during trading hours on Tuesday, reaching $15.21. The company had a trading volume of 1,950,300 shares, compared to its average volume of 1,627,745. Enbridge Energy Partners has a 52 week low of $12.25 and a 52 week high of $26.06. The stock has a market cap of $4,910.00, a P/E ratio of 20.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.31 and a current ratio of 0.31.

Enbridge Energy Partners (NYSE:EEP) last announced its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Enbridge Energy Partners had a return on equity of 18.74% and a net margin of 31.80%. The company had revenue of $616.40 million for the quarter, compared to the consensus estimate of $637.68 million. During the same quarter in the previous year, the business earned $0.09 EPS. Enbridge Energy Partners’s revenue was down 2.9% compared to the same quarter last year. equities research analysts anticipate that Enbridge Energy Partners will post 0.71 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. boosted its position in shares of Enbridge Energy Partners by 109.7% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,619,043 shares of the pipeline company’s stock worth $121,752,000 after purchasing an additional 3,985,284 shares in the last quarter. Finepoint Capital LP bought a new stake in shares of Enbridge Energy Partners in the 3rd quarter worth approximately $31,871,000. ING Groep NV boosted its position in shares of Enbridge Energy Partners by 584.7% in the 3rd quarter. ING Groep NV now owns 2,090,300 shares of the pipeline company’s stock worth $33,403,000 after purchasing an additional 1,785,000 shares in the last quarter. Alps Advisors Inc. lifted its position in Enbridge Energy Partners by 11.3% in the 3rd quarter. Alps Advisors Inc. now owns 17,488,243 shares of the pipeline company’s stock valued at $279,462,000 after acquiring an additional 1,768,827 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its position in Enbridge Energy Partners by 58.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,997,140 shares of the pipeline company’s stock valued at $31,914,000 after acquiring an additional 737,009 shares in the last quarter. Hedge funds and other institutional investors own 44.91% of the company’s stock.

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Enbridge Energy Partners 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.

Analyst Recommendations for Enbridge Energy Partners (NYSE:EEP)

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