Enbridge Energy Management LLC (EEQ) Stake Boosted by Eagle Global Advisors LLC

Eagle Global Advisors LLC boosted its stake in shares of Enbridge Energy Management LLC (NYSE:EEQ) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,098,871 shares of the oil and gas producer’s stock after buying an additional 210,126 shares during the period. Enbridge Energy Management makes up 1.4% of Eagle Global Advisors LLC’s holdings, making the stock its 22nd largest position. Eagle Global Advisors LLC owned 3.62% of Enbridge Energy Management worth $47,754,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Enbridge Energy Management by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 8,765 shares of the oil and gas producer’s stock valued at $161,000 after buying an additional 222 shares during the period. Buckingham Asset Management LLC increased its stake in shares of Enbridge Energy Management by 2.6% in the first quarter. Buckingham Asset Management LLC now owns 10,418 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 264 shares during the period. Chicago Partners Investment Group LLC increased its stake 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 worth $207,000 after buying an additional 284 shares during the period. Homrich & Berg increased its stake in shares of Enbridge Energy Management by 2.6% in the first quarter. Homrich & Berg now owns 12,832 shares of the oil and gas producer’s stock worth $236,000 after buying an additional 325 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in Enbridge Energy Management by 2.6% in the first quarter. Cornerstone Wealth Management LLC now owns 13,826 shares of the oil and gas producer’s stock worth $256,000 after buying an additional 347 shares in the last quarter. 80.33% of the stock is owned by institutional investors and hedge funds.

Shares of Enbridge Energy Management LLC (NYSE:EEQ) opened at 14.02 on Friday. Enbridge Energy Management LLC has a 12 month low of $13.87 and a 12 month high of $24.78. The company’s market cap is $1.20 billion. The stock’s 50 day moving average is $14.86 and its 200-day moving average is $16.64.

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A number of research analysts recently commented on EEQ shares. BidaskClub cut Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Enbridge Energy Management from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $20.00 target price on shares of Enbridge Energy Management in a research note on Friday, April 28th. Finally, Morgan Stanley lowered shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $21.58 to $19.00 in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.86.

Enbridge Energy Management Company Profile

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

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