Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) saw unusually-strong trading volume on Friday . Approximately 1,027,969 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 1,260,229 shares.The stock last traded at $24.72 and had previously closed at $24.90.

A number of analysts recently weighed in on EEP shares. Simmons started coverage on shares of Enbridge Energy Partners, L.P. in a research note on Friday, April 1st. They issued a “neutral” rating and a $20.00 target price on the stock. Barclays PLC started coverage on shares of Enbridge Energy Partners, L.P. in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $21.00 target price on the stock. Piper Jaffray Cos. started coverage on shares of Enbridge Energy Partners, L.P. in a research note on Friday, April 1st. They issued a “neutral” rating on the stock. Zacks Investment Research raised shares of Enbridge Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, July 5th. Finally, Goldman Sachs Group Inc. cut shares of Enbridge Energy Partners, L.P. from a “neutral” rating to a “sell” rating and lowered their target price for the company from $21.00 to $20.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Enbridge Energy Partners, L.P. presently has a consensus rating of “Hold” and a consensus target price of $21.80.

The company’s market cap is $8.56 billion. The company’s 50 day moving average is $22.96 and its 200-day moving average is $19.88.

Enbridge Energy Partners, L.P. (NYSE:EEP) last posted its earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. During the same quarter in the prior year, the business posted $0.26 EPS. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.20 billion. Equities analysts anticipate that Enbridge Energy Partners, L.P. will post $0.60 EPS for the current fiscal year.

Several hedge funds recently bought and sold shares of the company. Jennison Associates LLC boosted 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 worth $6,295,000 after buying an additional 93,319 shares in the last quarter. US Bancorp DE boosted 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 worth $1,358,000 after buying an additional 2,733 shares in the last quarter. Atlantic Trust Group LLC boosted 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 worth $98,168,000 after buying an additional 1,774,174 shares in the last quarter. Bank of Montreal Can boosted 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 worth $6,973,000 after buying an additional 205,123 shares in the last quarter. Finally, Bedell Frazier Investment Counseling LLC bought a new stake in Enbridge Energy Partners, L.P. during the fourth quarter worth about $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.

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.