Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) were up 5.2% on Tuesday . The stock 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.

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

The firm has a 50 day moving average price of $22.48 and a 200-day moving average price of $19.75. The firm’s market cap is $8.14 billion.

Enbridge Energy Partners, L.P. (NYSE:EEP) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. During the same period last year, the business earned $0.26 EPS. The firm earned $1.06 billion during the quarter, compared to the consensus estimate of $1.20 billion. Equities research analysts expect that Enbridge Energy Partners, L.P. will post $0.60 earnings per share for the current fiscal year.

Other large investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of Enbridge Energy Partners, L.P. during the fourth quarter worth about $1,226,000. US Bancorp DE raised its stake in shares of Enbridge Energy Partners, L.P. by 4.9% in the fourth quarter. US Bancorp DE now owns 58,859 shares of the company’s stock worth $1,358,000 after buying an additional 2,733 shares during the period. Everett Harris & Co. CA raised its stake 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 worth $1,735,000 after buying an additional 12,150 shares during the period. Bedell Frazier Investment Counseling LLC purchased a new stake in shares of Enbridge Energy Partners, L.P. during the fourth quarter worth about $2,719,000. Finally, First Trust Advisors LP raised its stake in shares of Enbridge Energy Partners, L.P. by 8.1% in the fourth quarter. First Trust Advisors LP now owns 258,424 shares of the company’s stock worth $5,962,000 after buying an additional 19,269 shares during the period.

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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