Adams Asset Advisors LLC Boosts Stake in Enbridge Energy Partners, L.P. (EEP)

Adams Asset Advisors LLC grew its holdings in Enbridge Energy Partners, L.P. (NYSE:EEP) by 44.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 512,066 shares of the pipeline company’s stock after purchasing an additional 157,648 shares during the period. Enbridge Energy Partners makes up about 0.9% of Adams Asset Advisors LLC’s holdings, making the stock its 20th biggest position. Adams Asset Advisors LLC owned about 0.16% of Enbridge Energy Partners worth $7,071,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. raised its position in shares of Enbridge Energy Partners by 11.3% in the third quarter. Alps Advisors Inc. now owns 17,488,243 shares of the pipeline company’s stock valued at $279,462,000 after purchasing an additional 1,768,827 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in shares of Enbridge Energy Partners by 109.7% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 7,619,043 shares of the pipeline company’s stock valued at $121,752,000 after purchasing an additional 3,985,284 shares during the period. Center Coast Capital Advisors LP raised its position in shares of Enbridge Energy Partners by 8.5% in the third quarter. Center Coast Capital Advisors LP now owns 6,518,852 shares of the pipeline company’s stock valued at $104,171,000 after purchasing an additional 512,072 shares during the period. JPMorgan Chase & Co. raised its position in shares of Enbridge Energy Partners by 5.0% in the third quarter. JPMorgan Chase & Co. now owns 3,616,030 shares of the pipeline company’s stock valued at $56,916,000 after purchasing an additional 172,684 shares during the period. Finally, Kayne Anderson Capital Advisors LP raised its position in shares of Enbridge Energy Partners by 2.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 2,989,883 shares of the pipeline company’s stock valued at $47,776,000 after purchasing an additional 66,500 shares during the period. 44.91% of the stock is currently owned by institutional investors.

Shares of Enbridge Energy Partners, L.P. (NYSE EEP) traded up $0.38 during trading hours on Thursday, reaching $15.09. 1,672,579 shares of the company traded hands, compared to its average volume of 2,030,000. The stock has a market capitalization of $4,930.00, a PE ratio of 20.12 and a beta of 1.19. Enbridge Energy Partners, L.P. has a 12 month low of $12.25 and a 12 month high of $26.07. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.94.

Enbridge Energy Partners (NYSE:EEP) last issued its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $616.40 million during the quarter, compared to analysts’ expectations of $637.68 million. Enbridge Energy Partners had a net margin of 8.47% and a return on equity of 6.03%. Enbridge Energy Partners’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. equities analysts anticipate that Enbridge Energy Partners, L.P. will post 0.72 earnings per share for the current year.

Several research firms have recently issued reports on EEP. Morgan Stanley lowered shares of Enbridge Energy Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research report on Thursday. Zacks Investment Research raised shares of Enbridge Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $21.00 price objective on shares of Enbridge Energy Partners in a research note on Sunday, September 17th. Bank of America started coverage on shares of Enbridge Energy Partners in a research note on Tuesday. They set an “underperform” rating for the company. Finally, Barclays reduced their price objective on shares of Enbridge Energy Partners from $21.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, November 20th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.56.

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About Enbridge Energy Partners

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.

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Institutional Ownership by Quarter for Enbridge Energy Partners (NYSE:EEP)

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