Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) rose 2.4% during trading on Tuesday . The stock traded as high as $24.65 and last traded at $24.65, with a volume of 438,462 shares trading hands. The stock had previously closed at $24.07.

EEP has been the topic of several recent analyst reports. Barclays PLC initiated coverage on shares of Enbridge Energy Partners, L.P. in a research report on Wednesday, April 13th. They set an “equal weight” rating and a $21.00 price objective on the stock. Piper Jaffray Cos. initiated coverage on shares of Enbridge Energy Partners, L.P. in a research report on Friday, April 1st. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Credit Suisse Group AG restated a “neutral” rating and set a $5.00 price objective (down from $23.00) on shares of Enbridge Energy Partners, L.P. in a research report on Tuesday, May 3rd. Finally, Simmons initiated coverage on shares of Enbridge Energy Partners, L.P. in a research report on Friday, April 1st. They set a “neutral” rating and a $20.00 price objective on the stock. One investment 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 company has a consensus rating of “Hold” and a consensus target price of $24.45.

The company has a 50-day moving average price of $22.65 and a 200 day moving average price of $19.76. The firm’s market capitalization is $8.56 billion.

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

Several institutional investors have recently bought and sold shares of EEP. 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. Atlantic Trust Group LLC boosted its position in Enbridge Energy Partners, L.P. by 71.5% in the fourth quarter. Atlantic Trust Group LLC now owns 4,255,211 shares of the company’s stock valued at $98,168,000 after buying an additional 1,774,174 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 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. Bank of Montreal Can boosted its position in Enbridge Energy Partners, L.P. by 211.2% in the fourth quarter. Bank of Montreal Can now owns 302,259 shares of the company’s stock valued at $6,973,000 after buying an additional 205,123 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Enbridge Energy Partners, L.P. by 52.0% in the fourth quarter. Jennison Associates LLC now owns 272,847 shares of the company’s stock valued at $6,295,000 after buying an additional 93,319 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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