Enbridge Energy Management, L.L.C. (NYSE:EEQ)’s share price traded up 2% during trading on Tuesday . The company traded as high as $23.91 and last traded at $23.90, with a volume of 282,225 shares changing hands. The stock had previously closed at $23.44.

Several research firms recently commented on EEQ. Goldman Sachs Group Inc. cut Enbridge Energy Management, L.L.C. from a “neutral” rating to a “sell” rating and cut their price target for the company from $21.00 to $20.00 in a report on Wednesday. Zacks Investment Research cut Enbridge Energy Management, L.L.C. from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a report on Saturday, April 2nd. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.75.

The stock has a 50 day moving average of $22.60 and a 200-day moving average of $19.44. The firm’s market capitalization is $1.83 billion.

A number of hedge funds have made changes to their positions in the company. R.M.SINCERBEAUX Capital Management LLC boosted 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 worth $1,339,000 after buying an additional 1,261 shares during the period. SFE Investment Counsel boosted its position in 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 worth $1,562,000 after buying an additional 37,730 shares during the last quarter. Swiss National Bank boosted its position in 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 worth $1,710,000 after buying an additional 2,612 shares during the last quarter. California Public Employees Retirement System boosted its position in Enbridge Energy Management, L.L.C. by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 115,198 shares of the company’s stock worth $2,572,000 after buying an additional 1,054 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in 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 worth $2,834,000 after buying an additional 99,947 shares during the last quarter.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.