Media stories about Enbridge Energy (NYSE:EEP) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enbridge Energy earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 47.4111556144857 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Enbridge Energy Partners LP breached its 50 day moving average in a Bearish Manner : EEP-US : December 5, 2017 (finance.yahoo.com)
- Enbridge Energy Sees Unusually Large Options Volume (EEP) (americanbankingnews.com)
- Enbridge Energy Partners (EEP) Offers FY18 Guidance, Long-Term Outlook (streetinsider.com)
- BRIEF-Enbridge Energy Partners Announces 2018 Guidance And Long Term Financial Outlook (EEP) (uk.news.yahoo.com)
- Enbridge Energy Management LLC: Enbridge Energy Partners, L.P. Announces 2018 Guidance and Long Term Financial Outlook more (twst.com)
EEP has been the topic of several recent analyst reports. Barclays decreased their price target on Enbridge Energy from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, November 20th. Morgan Stanley decreased their price target on Enbridge Energy from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Mizuho reiterated a “hold” rating and issued a $17.00 price target on shares of Enbridge Energy in a research note on Friday, October 20th. Zacks Investment Research lowered Enbridge Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $21.00 price target on shares of Enbridge Energy in a research note on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.56.
Enbridge Energy (NYSE:EEP) last released its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. Enbridge Energy had a return on equity of 6.03% and a net margin of 8.47%. The company had revenue of $616.40 million for the quarter, compared to the consensus estimate of $637.68 million. During the same quarter last year, the business posted $0.09 EPS. Enbridge Energy’s revenue for the quarter was down 2.9% on a year-over-year basis. research analysts forecast that Enbridge Energy will post 0.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.09%. The ex-dividend date was Monday, November 6th. Enbridge Energy’s dividend payout ratio (DPR) is 186.67%.
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About Enbridge Energy
Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.
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