JPMorgan Chase & Co. Trims Holdings in Enbridge Energy Management, L.L.C. (NYSE:EEQ)

JPMorgan Chase & Co. reduced its stake in Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 415,018 shares of the oil and gas producer’s stock after selling 15,910 shares during the period. JPMorgan Chase & Co. owned 0.46% of Enbridge Energy Management worth $6,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Cedar Wealth Management LLC acquired a new stake in Enbridge Energy Management during the third quarter valued at approximately $104,000. Saratoga Research & Investment Management acquired a new stake in Enbridge Energy Management during the third quarter valued at approximately $104,000. Quantbot Technologies LP acquired a new stake in Enbridge Energy Management during the second quarter valued at approximately $113,000. Great West Life Assurance Co. Can lifted its stake in Enbridge Energy Management by 2.0% during the second quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock valued at $137,000 after purchasing an additional 171 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Enbridge Energy Management by 1.9% during the second quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock valued at $163,000 after purchasing an additional 201 shares during the last quarter. 74.57% of the stock is owned by institutional investors.

Enbridge Energy Management, L.L.C. (NYSE EEQ) opened at $14.27 on Friday. Enbridge Energy Management, L.L.C. has a 12 month low of $12.03 and a 12 month high of $26.44. The company has a market cap of $1,272.58, a price-to-earnings ratio of -182.78 and a beta of 1.20.

Several brokerages recently commented on EEQ. ValuEngine downgraded shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, January 3rd. Royal Bank of Canada restated a “hold” rating and issued a $21.00 price target on shares of Enbridge Energy Management in a research report on Wednesday, September 27th. Bank of America began coverage on shares of Enbridge Energy Management in a research note on Tuesday, January 9th. They issued an “underperform” rating and a $14.00 price objective on the stock. Finally, Morgan Stanley lowered shares of Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus price target of $17.50.

TRADEMARK VIOLATION WARNING: “JPMorgan Chase & Co. Trims Holdings in Enbridge Energy Management, L.L.C. (NYSE:EEQ)” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://stocknewstimes.com/2018/01/14/jpmorgan-chase-co-has-6-26-million-stake-in-enbridge-energy-management-l-l-c-eeq.html.

Enbridge Energy Management Company Profile

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

Receive News & Ratings for Enbridge Energy Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Energy Management and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply