Enbridge Energy Management LLC (EEQ) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Enbridge Energy Management LLC (NYSE:EEQ) from a buy rating to a hold rating in a research note released on Tuesday, July 11th.

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. “

Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada restated a hold rating and set a $20.00 price objective on shares of Enbridge Energy Management in a research report on Friday, March 24th. Morgan Stanley cut shares of Enbridge Energy Management from an overweight rating to an equal weight rating and decreased their target price for the stock from $21.58 to $19.00 in a report on Thursday, June 15th. Finally, BidaskClub upgraded shares of Enbridge Energy Management from a strong sell rating to a sell rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $23.86.

Shares of Enbridge Energy Management (NYSE EEQ) opened at 14.29 on Tuesday. Enbridge Energy Management has a 12-month low of $13.99 and a 12-month high of $25.96. The firm has a 50-day moving average of $15.03 and a 200-day moving average of $16.97. The firm’s market cap is $1.22 billion.

COPYRIGHT VIOLATION NOTICE: “Enbridge Energy Management LLC (EEQ) Stock Rating Lowered by Zacks Investment Research” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/12/enbridge-energy-management-llc-eeq-downgraded-by-zacks-investment-research-to-hold-updated-updated-updated.html.

Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its stake in 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 buying an additional 171 shares during the period. M&T Bank Corp raised 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 valued at $163,000 after buying an additional 201 shares during the last quarter. Buckingham Asset Management LLC raised 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 valued at $164,000 after buying an additional 203 shares during the last quarter. Virginia Retirement Systems ET AL raised 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 valued at $195,000 after buying an additional 241 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Enbridge Energy Management by 2.6% in the first quarter. Chicago Partners Investment Group LLC now owns 11,213 shares of the oil and gas producer’s stock valued at $207,000 after buying an additional 284 shares during the last quarter. 78.66% of the stock is owned by institutional investors and hedge funds.

Enbridge Energy Management Company Profile

Get a free copy of the Zacks research report on Enbridge Energy Management (EEQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Enbridge Energy Management (NYSE:EEQ)

What are top analysts saying about Enbridge Energy Management LLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Enbridge Energy Management LLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit