Enbridge Energy Management, L.L.C. (EEQ) Stake Owned by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP

recently disclosed that they own 11% of Enbridge Energy Management, L.L.C. (NYSE:EEQ) in a Schedule 13G/A disclosure that was filed with the SEC on Tuesday, January 9th. The investor owns 9,898,613 shares of the stock valued at approximately $140,857,263. The filing is available through the SEC website at this hyperlink.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AMP Capital Investors Ltd boosted its holdings in Enbridge Energy Management by 11.8% during the third quarter. AMP Capital Investors Ltd now owns 3,776,020 shares of the oil and gas producer’s stock valued at $58,378,000 after acquiring an additional 398,114 shares during the period. Maple Brown Abbott Ltd lifted its stake in shares of Enbridge Energy Management by 30.1% in the third quarter. Maple Brown Abbott Ltd now owns 3,514,600 shares of the oil and gas producer’s stock valued at $54,336,000 after buying an additional 813,808 shares during the period. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Enbridge Energy Management by 26.5% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 1,950,324 shares of the oil and gas producer’s stock valued at $30,152,000 after buying an additional 408,589 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Enbridge Energy Management by 19.9% in the third quarter. Macquarie Group Ltd. now owns 1,616,588 shares of the oil and gas producer’s stock valued at $24,992,000 after buying an additional 268,366 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Enbridge Energy Management by 40.4% in the second quarter. Royal Bank of Canada now owns 1,169,569 shares of the oil and gas producer’s stock valued at $18,023,000 after buying an additional 336,347 shares during the period. Institutional investors own 74.57% of the company’s stock.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down $0.07 during midday trading on Tuesday, hitting $14.23. 339,684 shares of the company traded hands, compared to its average volume of 730,006. Enbridge Energy Management, L.L.C. has a twelve month low of $12.03 and a twelve month high of $24.18. The company has a market capitalization of $1,250.00, a PE ratio of -203.29 and a beta of 1.19.

EEQ has been the subject of several research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy Management in a research note on Monday, October 30th. Zacks Investment Research cut shares of Enbridge Energy Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. ValuEngine cut shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Bank of America initiated coverage on shares of Enbridge Energy Management in a research note on Tuesday. They issued an “underperform” rating and a $14.00 target price for the company. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.50.

ILLEGAL ACTIVITY NOTICE: “Enbridge Energy Management, L.L.C. (EEQ) Stake Owned by Kayne Anderson Capital Advisors LP” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.com-unik.info/2018/01/09/enbridge-energy-management-l-l-c-eeq-stake-owned-by-kayne-anderson-capital-advisors-lp.html.

About Enbridge Energy Management

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

Receive News & Ratings for Enbridge Energy Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Energy Management and related companies with MarketBeat.com's FREE daily email newsletter.

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