Enbridge Energy Management (EEQ) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Enbridge Energy Management (NYSE:EEQ) from a buy rating to a hold rating in a report released on Monday morning.

According to Zacks, “Enbridge Energy Management is a Delaware limited liability company. They manage and control the business and affairs of Enbridge Partners. They have no assets or operations other than those related to their interest in Enbridge Partners. “

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued a hold rating and set a $21.00 price objective on shares of Enbridge Energy Management in a research report on Monday, October 30th. ValuEngine cut shares of Enbridge Energy Management from a hold rating to a sell rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Enbridge Energy Management has a consensus rating of Sell and a consensus target price of $17.50.

Enbridge Energy Management (EEQ) traded up $0.18 during mid-day trading on Monday, hitting $14.18. 977,653 shares of the stock were exchanged, compared to its average volume of 725,859. The company has a market cap of $1,240.00, a PE ratio of -202.57 and a beta of 1.19. Enbridge Energy Management has a one year low of $12.03 and a one year high of $24.18.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cedar Wealth Management LLC bought a new position in Enbridge Energy Management in the 3rd quarter valued at about $104,000. Saratoga Research & Investment Management bought a new position in Enbridge Energy Management in the 3rd quarter valued at about $104,000. Quantbot Technologies LP bought a new position in Enbridge Energy Management in the 2nd quarter valued at about $113,000. Great West Life Assurance Co. Can lifted its position in Enbridge Energy Management by 2.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock valued at $137,000 after acquiring an additional 171 shares in the last quarter. Finally, M&T Bank Corp lifted its position in Enbridge Energy Management by 1.9% in the 2nd quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock valued at $163,000 after acquiring an additional 201 shares in the last quarter. 74.57% of the stock is currently owned by institutional investors and hedge funds.

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About Enbridge Energy Management

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