Enbridge Energy Management LLC (EEQ) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Enbridge Energy Management LLC (NYSE:EEQ) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $18.00 price objective on the oil and gas producer’s stock.

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. “

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a hold rating and set a $21.00 price target on shares of Enbridge Energy Management in a research note on Wednesday, September 27th. Morgan Stanley downgraded shares of Enbridge Energy Management from an overweight rating to an equal weight rating and cut their price target for the stock from $21.58 to $19.00 in a research note on Thursday, June 15th. BidaskClub raised shares of Enbridge Energy Management from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. Finally, ValuEngine downgraded shares of Enbridge Energy Management from a hold rating to a sell rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Enbridge Energy Management currently has a consensus rating of Hold and an average price target of $21.25.

Shares of Enbridge Energy Management (NYSE EEQ) opened at 15.85 on Tuesday. The stock’s 50 day moving average is $14.75 and its 200-day moving average is $15.66. The firm’s market cap is $1.36 billion. Enbridge Energy Management has a one year low of $13.42 and a one year high of $25.96.

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Several institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in shares of Enbridge Energy Management by 2.0% in the second quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock worth $137,000 after acquiring an additional 171 shares in the last quarter. M&T Bank Corp increased its position in shares of Enbridge Energy Management by 1.9% in the second quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock worth $163,000 after acquiring an additional 201 shares in the last quarter. Buckingham Asset Management LLC increased its position in shares of Enbridge Energy Management by 1.9% in the second quarter. Buckingham Asset Management LLC now owns 10,621 shares of the oil and gas producer’s stock worth $164,000 after acquiring an additional 203 shares in the last quarter. Virginia Retirement Systems ET AL increased its position in shares of Enbridge Energy Management by 1.9% in the second quarter. Virginia Retirement Systems ET AL now owns 12,659 shares of the oil and gas producer’s stock worth $195,000 after acquiring an additional 241 shares in the last quarter. Finally, RiverPoint Capital Management LLC increased its position in shares of Enbridge Energy Management by 1.9% in the second quarter. RiverPoint Capital Management LLC now owns 17,289 shares of the oil and gas producer’s stock worth $266,000 after acquiring an additional 330 shares in the last quarter. 75.08% of the stock is owned by institutional investors.

Enbridge Energy Management Company Profile

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