Enbridge Energy Management, L.L.C. (EEQ) Lowered to Sell at Zacks Investment Research

Enbridge Energy Management, L.L.C. (NYSE:EEQ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

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. “

Separately, Royal Bank of Canada reissued a “hold” rating and set a $24.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Friday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $26.67.

Analyst Recommendations for Enbridge Energy Management, L.L.C. (NYSE:EEQ)

Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down 0.50% during midday trading on Monday, hitting $17.80. The stock had a trading volume of 284,632 shares. Enbridge Energy Management, L.L.C. has a 52 week low of $14.89 and a 52 week high of $25.86. The company has a 50-day moving average price of $17.65 and a 200-day moving average price of $22.63. The stock’s market cap is $1.49 billion.

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A number of institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its position in shares of Enbridge Energy Management, L.L.C. by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 8,349 shares of the company’s stock worth $212,000 after buying an additional 209 shares during the period. Ingalls & Snyder LLC bought a new position in shares of Enbridge Energy Management, L.L.C. during the third quarter worth approximately $215,000. Virginia Retirement Systems ET AL boosted its position in shares of Enbridge Energy Management, L.L.C. by 2.5% in the third quarter. Virginia Retirement Systems ET AL now owns 9,550 shares of the company’s stock worth $243,000 after buying an additional 237 shares during the period. Buckingham Asset Management LLC boosted its position in shares of Enbridge Energy Management, L.L.C. by 2.6% in the third quarter. Buckingham Asset Management LLC now owns 9,923 shares of the company’s stock worth $252,000 after buying an additional 247 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Enbridge Energy Management, L.L.C. during the third quarter worth approximately $254,000. 71.56% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Energy Management, L.L.C. Company Profile

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