Enbridge Energy Partners, L.P. (NYSE:EEP) shares were down 1% during trading on Wednesday . The stock traded as low as $24.10 and last traded at $24.63, with a volume of 698,949 shares traded. The stock had previously closed at $24.89.

Several research analysts have recently commented on EEP shares. Piper Jaffray Cos. started coverage on Enbridge Energy Partners, L.P. in a report on Friday, April 1st. They issued a “neutral” rating on the stock. Simmons started coverage on 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 started coverage on 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. Credit Suisse Group AG reissued a “neutral” rating and issued a $5.00 target price (down from $23.00) on shares of Enbridge Energy Partners, L.P. in a report on Tuesday, May 3rd. Finally, TheStreet raised Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.64.

The firm’s market capitalization is $8.59 billion. The company’s 50 day moving average is $22.80 and its 200 day moving average is $19.83.

Enbridge Energy Partners, L.P. (NYSE:EEP) last posted its earnings results on Monday, May 2nd. The company reported $0.17 EPS for the quarter, topping 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 in the previous year, the firm earned $0.26 earnings per share. On average, equities analysts forecast that Enbridge Energy Partners, L.P. will post $0.60 earnings per share for the current fiscal year.

Several large investors have bought and sold shares of EEP. Jennison Associates LLC increased its stake 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 during the last quarter. US Bancorp DE increased its stake in 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 valued at $1,358,000 after buying an additional 2,733 shares during the last quarter. Atlantic Trust Group LLC increased its stake 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 during the last quarter. Bank of Montreal Can increased its stake 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 during the last quarter. Finally, Bedell Frazier Investment Counseling LLC acquired a new stake in Enbridge Energy Partners, L.P. during the fourth quarter valued at approximately $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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