Enbridge Energy Management LLC (EEQ) Position Boosted by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its position in shares of Enbridge Energy Management LLC (NYSE:EEQ) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,470 shares of the oil and gas producer’s stock after buying an additional 7,675 shares during the period. Goldman Sachs Group Inc. owned 0.10% of Enbridge Energy Management worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kayne Anderson Capital Advisors LP increased its holdings in Enbridge Energy Management by 8.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 9,991,806 shares of the oil and gas producer’s stock worth $153,960,000 after buying an additional 791,260 shares during the last quarter. Eagle Global Advisors LLC increased its holdings in Enbridge Energy Management by 7.3% during the second quarter. Eagle Global Advisors LLC now owns 3,098,871 shares of the oil and gas producer’s stock worth $47,754,000 after buying an additional 210,126 shares during the last quarter. Maple Brown Abbott Ltd increased its holdings in Enbridge Energy Management by 32.4% during the second quarter. Maple Brown Abbott Ltd now owns 2,700,792 shares of the oil and gas producer’s stock worth $41,619,000 after buying an additional 661,057 shares during the last quarter. Vanguard Group Inc. increased its holdings in Enbridge Energy Management by 26.4% during the first quarter. Vanguard Group Inc. now owns 942,452 shares of the oil and gas producer’s stock worth $17,360,000 after buying an additional 196,979 shares during the last quarter. Finally, Bollard Group LLC increased its holdings in Enbridge Energy Management by 2.1% during the second quarter. Bollard Group LLC now owns 940,965 shares of the oil and gas producer’s stock worth $14,500,000 after buying an additional 19,337 shares during the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.

Enbridge Energy Management LLC (NYSE EEQ) opened at $14.06 on Friday. Enbridge Energy Management LLC has a 52-week low of $13.42 and a 52-week high of $24.78.

A number of brokerages recently weighed in on EEQ. Royal Bank Of Canada restated a “hold” rating and set a $21.00 target price on shares of Enbridge Energy Management in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub downgraded shares of Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, ValuEngine downgraded shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.33.

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Enbridge Energy Management Company Profile

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

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