Enbridge Energy Partners, L.P. (NYSE:EEP)’s share price was up 5.2% during mid-day trading on Tuesday . The company traded as high as $23.79 and last traded at $23.66, with a volume of 525,307 shares. The stock had previously closed at $22.49.

A number of equities analysts have 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 target price for the stock from $34.00 to $23.00 in a report on Thursday, March 17th. Barclays PLC started coverage on Enbridge Energy Partners, L.P. in a report on Wednesday, April 13th. They set an “equal weight” rating and a $21.00 target price for the company. Piper Jaffray Cos. started coverage on Enbridge Energy Partners, L.P. in a report on Friday, April 1st. They set a “neutral” rating for the company. Zacks Investment Research upgraded Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Finally, Simmons started coverage on Enbridge Energy Partners, L.P. in a report on Friday, April 1st. They set a “neutral” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $24.45.

The firm’s market capitalization is $8.13 billion. The company has a 50-day moving average price of $22.38 and a 200-day moving average price of $19.70.

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

Several institutional investors recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of 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 bought a new position in shares of Enbridge Energy Partners, L.P. during the fourth quarter valued at $1,226,000. Bedell Frazier Investment Counseling LLC bought a new position in shares of Enbridge Energy Partners, L.P. during the fourth quarter valued at $2,719,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Enbridge Energy Partners, L.P. by 113.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,663,864 shares of the company’s stock valued at $38,385,000 after buying an additional 885,077 shares in the last quarter. Finally, Everett Harris & Co. CA raised its position in shares of Enbridge Energy Partners, L.P. by 19.3% in the fourth quarter. Everett Harris & Co. CA now owns 75,215 shares of the company’s stock valued at $1,735,000 after buying an additional 12,150 shares in the last quarter.

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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