Enbridge Energy Partners, L.P. (NYSE:EEP) was down 2.2% during mid-day trading on Wednesday . The company traded as low as $21.97 and last traded at $22.07, with a volume of 831,817 shares changing hands. The stock had previously closed at $22.57.

A number of equities research analysts recently issued reports on EEP shares. Credit Suisse Group AG cut Enbridge Energy Partners, L.P. from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $34.00 to $23.00 in a research note on Thursday, March 17th. Piper Jaffray Cos. started coverage on Enbridge Energy Partners, L.P. in a research note on Friday, April 1st. They issued a “neutral” rating on the stock. Simmons started coverage on Enbridge Energy Partners, L.P. in a research note on Friday, April 1st. They issued a “neutral” rating and a $20.00 price objective on the stock. Barclays PLC started coverage on Enbridge Energy Partners, L.P. in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $21.00 price objective on the stock. Finally, TheStreet upgraded Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.45.

The company has a 50-day moving average of $22.28 and a 200 day moving average of $19.71. The firm’s market capitalization is $7.71 billion.

Enbridge Energy Partners, L.P. (NYSE:EEP) last issued its earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $0.26 EPS. On average, equities research analysts forecast that Enbridge Energy Partners, L.P. will post $0.60 EPS for the current fiscal year.

Other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in Enbridge Energy Partners, L.P. by 1.1% in the fourth quarter. Alps Advisors Inc. now owns 14,700,532 shares of the company’s stock valued at $339,141,000 after buying an additional 153,771 shares in the last quarter. Morgan Stanley boosted its position in Enbridge Energy Partners, L.P. by 136.7% in the fourth quarter. Morgan Stanley now owns 4,557,785 shares of the company’s stock valued at $105,148,000 after buying an additional 2,631,827 shares in the last quarter. Penserra Capital Management LLC purchased a new position in Enbridge Energy Partners, L.P. during the fourth quarter valued at $1,226,000. Neuberger Berman Group LLC boosted its position in Enbridge Energy Partners, L.P. by 1.4% in the fourth quarter. Neuberger Berman Group LLC now owns 1,686,872 shares of the company’s stock valued at $38,916,000 after buying an additional 23,107 shares in the last quarter. Finally, Bedell Frazier Investment Counseling LLC purchased a new position in Enbridge Energy Partners, L.P. during the fourth quarter valued at $2,719,000.

Enbridge Energy Partners, L.P. is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs.

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