$0.14 EPS Expected for Enbridge Energy Partners, L.P. (EEP) This Quarter

Equities analysts predict that Enbridge Energy Partners, L.P. (NYSE:EEP) will post earnings per share (EPS) of $0.14 for the current quarter, according to Zacks. Zero analysts have issued estimates for Enbridge Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.17. Enbridge Energy Partners also posted earnings per share of $0.14 during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Enbridge Energy Partners will report full year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.77. For the next financial year, analysts expect that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.64 to $1.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Enbridge Energy Partners.

Enbridge Energy Partners (NYSE:EEP) last posted its earnings results on Thursday, August 2nd. The pipeline company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $537.00 million for the quarter, compared to analyst estimates of $563.60 million. Enbridge Energy Partners had a return on equity of 7.59% and a net margin of 9.25%. During the same period in the previous year, the firm earned $0.14 EPS.

EEP has been the topic of a number of recent analyst reports. Barclays decreased their target price on Enbridge Energy Partners from $16.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. ValuEngine downgraded Enbridge Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. UBS Group restated a “neutral” rating on shares of Enbridge Energy Partners in a research note on Thursday, May 31st. Zacks Investment Research upgraded Enbridge Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. Finally, Morgan Stanley reduced their price target on Enbridge Energy Partners from $11.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, June 8th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.80.

Shares of Enbridge Energy Partners traded down $0.04, reaching $11.54, during trading on Friday, MarketBeat Ratings reports. 7,213,415 shares of the company’s stock were exchanged, compared to its average volume of 1,643,051. The company has a current ratio of 0.28, a quick ratio of 0.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $3.78 billion, a PE ratio of 14.43 and a beta of 1.33. Enbridge Energy Partners has a twelve month low of $8.89 and a twelve month high of $16.34.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Investors of record on Tuesday, August 7th will be paid a $0.35 dividend. The ex-dividend date is Monday, August 6th. This represents a $1.40 annualized dividend and a yield of 12.13%. Enbridge Energy Partners’s dividend payout ratio (DPR) is presently 175.00%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new stake in shares of Enbridge Energy Partners during the 2nd quarter valued at $115,000. CIBC Asset Management Inc bought a new stake in shares of Enbridge Energy Partners during the 2nd quarter valued at $130,000. Bank of New York Mellon Corp bought a new stake in shares of Enbridge Energy Partners during the 4th quarter valued at $192,000. Wedbush Securities Inc. lifted its position in shares of Enbridge Energy Partners by 57.1% during the 2nd quarter. Wedbush Securities Inc. now owns 18,099 shares of the pipeline company’s stock valued at $198,000 after acquiring an additional 6,579 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in shares of Enbridge Energy Partners during the 1st quarter valued at $254,000. Institutional investors and hedge funds own 39.10% of the company’s stock.

About Enbridge Energy Partners

Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services assets in the United States. The company's Lakehead system consists of approximately 4,212 miles of pipe and 74 pump stations located in the Great Lakes and Midwest regions of the United States.

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