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

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

The company’s market cap is $1.82 billion. The company has a 50-day moving average of $22.64 and a 200-day moving average of $19.47.

Other hedge funds and institutional investors have bought and sold shares of the company. Swiss National Bank raised 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 valued at $1,710,000 after buying an additional 2,612 shares during the last quarter. California Public Employees Retirement System raised 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 valued at $2,572,000 after buying an additional 1,054 shares during the last quarter. Everett Harris & Co. CA raised its position in Enbridge Energy Management, L.L.C. by 17.6% in the fourth quarter. Everett Harris & Co. CA now owns 266,039 shares of the company’s stock valued at $5,941,000 after buying an additional 39,866 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 valued at $2,834,000 after buying an additional 99,947 shares during the last quarter. Finally, Morgan Stanley raised its position in 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 during the last quarter.

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