Enbridge Energy Management, L.L.C. (NYSE:EEQ) dropped 2.5% on Wednesday . The company traded as low as $23.14 and last traded at $23.39, with a volume of 300,363 shares changing hands. The stock had previously closed at $23.98.

EEQ has been the subject of a number of research analyst reports. Piper Jaffray Cos. reiterated a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a report on Saturday, April 2nd. Zacks Investment Research lowered shares of Enbridge Energy Management, L.L.C. from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 19th. Finally, Goldman Sachs Group Inc. lowered shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $21.00 to $20.00 in a report on Wednesday. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Enbridge Energy Management, L.L.C. currently has an average rating of “Hold” and a consensus price target of $22.75.

The stock has a 50-day moving average price of $22.55 and a 200 day moving average price of $19.41. The stock’s market cap is $1.83 billion.

Several hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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. R.M.SINCERBEAUX Capital Management LLC increased its stake in shares of Enbridge Energy Management, L.L.C. by 2.1% in the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 59,986 shares of the company’s stock valued at $1,339,000 after buying an additional 1,261 shares in the last quarter. Morgan Stanley increased its stake in shares of Enbridge Energy Management, L.L.C. by 14.5% in the fourth quarter. Morgan Stanley now owns 1,622,331 shares of the company’s stock valued at $36,226,000 after buying an additional 206,009 shares in the last quarter. Swiss National Bank increased its stake in shares of 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 in the last quarter. Finally, SFE Investment Counsel increased its stake in shares of 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 in the last quarter.

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