Enbridge Energy Management, L.L.C. (EEQ) Stake Raised by AMP Capital Investors Ltd

AMP Capital Investors Ltd lifted its stake in shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 11.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,776,020 shares of the oil and gas producer’s stock after purchasing an additional 398,114 shares during the period. AMP Capital Investors Ltd owned approximately 4.21% of Enbridge Energy Management worth $58,378,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EEQ. Alliancebernstein L.P. raised its position in Enbridge Energy Management by 40.0% during the first quarter. Alliancebernstein L.P. now owns 19,072 shares of the oil and gas producer’s stock valued at $351,000 after buying an additional 5,445 shares during the period. Vanguard Group Inc. raised its position in Enbridge Energy Management by 26.4% during the first quarter. Vanguard Group Inc. now owns 942,452 shares of the oil and gas producer’s stock valued at $17,360,000 after buying an additional 196,979 shares during the period. Bank of America Corp DE raised its position in Enbridge Energy Management by 193.5% during the first quarter. Bank of America Corp DE now owns 43,861 shares of the oil and gas producer’s stock valued at $808,000 after buying an additional 28,916 shares during the period. Credit Suisse AG raised its position in Enbridge Energy Management by 7.4% during the first quarter. Credit Suisse AG now owns 47,912 shares of the oil and gas producer’s stock valued at $882,000 after buying an additional 3,287 shares during the period. Finally, Bank of Montreal Can raised its position in Enbridge Energy Management by 235.7% during the second quarter. Bank of Montreal Can now owns 98,157 shares of the oil and gas producer’s stock valued at $1,513,000 after buying an additional 68,920 shares during the period. 74.58% of the stock is currently owned by institutional investors.

Enbridge Energy Management, L.L.C. (NYSE EEQ) opened at $13.33 on Wednesday. Enbridge Energy Management, L.L.C. has a 52-week low of $12.03 and a 52-week high of $26.53.

Several research analysts recently weighed in on EEQ shares. Zacks Investment Research raised Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, October 10th. Royal Bank Of Canada reissued a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a research report on Monday, August 21st. Finally, ValuEngine lowered Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. Enbridge Energy Management has a consensus rating of “Hold” and a consensus target price of $19.33.

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Enbridge Energy Management Company Profile

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Institutional Ownership by Quarter for Enbridge Energy Management (NYSE:EEQ)

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