Enbridge Energy Partners, L.P. (EEP) Downgraded by Zacks Investment Research

Cornelia Mascio
Aprile 2, 2017

Magnetar Finance Ltd Limited Liability Company accumulated 1.12M shares or 0.39% of the stock.

Several hedge funds have recently added to or reduced their stakes in the stock. The stock traded with the volume of 1.03 Million shares in the last trading session. Virginia Retirement Systems ET AL raised its position in shares of Enbridge Energy Management, L.L.C.by 2.5% in the third quarter. CIBC Asset Management Inc acquired a new position in shares of Enbridge Energy Partners, L.P. during the third quarter worth about $217,000. Acadian Asset Management LLC acquired a new position in shares of Enbridge Energy Partners, L.P. during the third quarter worth about $1,522,000. Searle & CO. bought a new position in shares of Enbridge Energy Partners, L.P. during the fourth quarter worth $440,000. Moreover, Energy Income Partners Llc has 3.52% invested in the company for 7.27 million shares. Wagner Bowman Management Corp bought a new position in shares of Enbridge Energy Partners, L.P. during the third quarter valued at $211,000. EEP's value Change from Open was at 1.66% with a Gap of -0.11%.

The Company has 346.55 million shares outstanding and 147.68 million shares were floated in market.

Enbridge Energy Partners, L.P. (EEP) has a market capitalization of 5.02 Billion. The Relative Volume value measured for Enbridge Energy Partners, L.P. (EEP) is 0.68. (NYSE:EEP) last announced its earnings results on Thursday, February 16th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Enbridge Energy Partners, L.P. The company earned $1.25 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period a year ago, the business posted $0.11 earnings per share. Can now owns 8,349 shares of the company's stock worth $212,000 after buying an additional 209 shares during the last quarter.

On 4/29/2016 Enbridge Energy Partners, L.P. announced a quarterly dividend of $0.58 with an ex dividend date of 5/4/2016 which will be payable on 5/13/2016.

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The average numbers of shares are traded in a security per day, during the recent 3-month period. Analysts are estimating that Enbridge Energy, L.P. (EEP) to hit $20.35 Price Target in next one year, this mean price is come up through the consensus of analysts. Finally, National Bank Financial cut Enbridge Energy Partners, L.P. from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 25th. Mizuho lowered shares of Enbridge Energy Partners, L.P. from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $29.00 to $22.00 in a research report on Monday, January 30th. Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 22.47% since August 24, 2016 and is downtrending. Morgan Stanley started coverage on shares of Enbridge Energy Partners, L.P.in a research note on Thursday, March 23rd. He writes articles for Analysis of different Companies including news and analyst rating updates. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company maintains price to book ratio of 2.14 vs.an industry average at 1.65.

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