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.
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.
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About Enbridge Energy Management
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