Enbridge Energy Management, L.L.C. (NYSE:EEQ) dropped 1.6% during trading on Wednesday . The company traded as low as $21.73 and last traded at $21.90, with a volume of 123,781 shares. The stock had previously closed at $22.26.

EEQ has been the topic of a number of recent analyst reports. Zacks Investment Research cut Enbridge Energy Management, L.L.C. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 19th. Piper Jaffray Cos. reiterated a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Saturday, April 2nd. Finally, Credit Suisse Group AG reiterated a “neutral” rating and set a $23.00 target price (down from $34.00) on shares of Enbridge Energy Management, L.L.C. in a research note on Friday, March 18th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.88.

The firm has a 50 day moving average of $22.16 and a 200 day moving average of $19.26. The stock’s market capitalization is $1.72 billion.

Several hedge funds and institutional investors recently bought and sold shares of EEQ. SFE Investment Counsel increased its position in Enbridge Energy Management, L.L.C. by 117.1% in the fourth quarter. SFE Investment Counsel now owns 69,964 shares of the company’s stock valued at $1,562,000 after buying an additional 37,730 shares during the period. Swiss National Bank increased its position in Enbridge Energy Management, L.L.C. by 3.5% in the fourth quarter. Swiss National Bank now owns 76,573 shares of the company’s stock valued at $1,710,000 after buying an additional 2,612 shares during the period. California Public Employees Retirement System increased its position in Enbridge Energy Management, L.L.C. by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 115,198 shares of the company’s stock valued at $2,572,000 after buying an additional 1,054 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Enbridge Energy Management, L.L.C. by 370.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 126,913 shares of the company’s stock valued at $2,834,000 after buying an additional 99,947 shares during the period. Finally, Everett Harris & Co. CA increased its position in Enbridge Energy Management, L.L.C. by 17.6% in the fourth quarter. Everett Harris & Co. CA now owns 266,039 shares of the company’s stock valued at $5,941,000 after buying an additional 39,866 shares during the period.

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