Enbridge Energy Partners, L.P. (NYSE:EEP) shares fell 2.1% on Tuesday . The stock traded as low as $23.74 and last traded at $23.86, with a volume of 701,243 shares changing hands. The stock had previously closed at $24.38.

Several research firms have recently weighed in on EEP. Goldman Sachs Group Inc. cut shares of Enbridge Energy Partners, L.P. from a “neutral” rating to a “sell” rating and reduced their price target for the company from $21.00 to $20.00 in a report on Wednesday, July 20th. Zacks Investment Research cut shares of Enbridge Energy Partners, L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. TheStreet upgraded shares of Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Credit Suisse Group AG reiterated a “neutral” rating and issued a $5.00 price target (down previously from $23.00) on shares of Enbridge Energy Partners, L.P. in a report on Tuesday, May 3rd. Finally, Barclays PLC began coverage on shares of Enbridge Energy Partners, L.P. in a report on Wednesday, April 13th. They issued an “equal weight” rating and a $21.00 price target for the company. Two investment 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. Enbridge Energy Partners, L.P. presently has an average rating of “Hold” and a consensus price target of $21.80.

The company’s 50 day moving average price is $23.05 and its 200 day moving average price is $19.85. The stock’s market capitalization is $8.21 billion.

Enbridge Energy Partners, L.P. (NYSE:EEP) last released its quarterly earnings data on Monday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $0.26 EPS. On average, equities analysts expect that Enbridge Energy Partners, L.P. will post $0.60 EPS for the current year.

Several hedge funds recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in Enbridge Energy Partners, L.P. by 8.1% in the fourth quarter. First Trust Advisors LP now owns 258,424 shares of the company’s stock worth $5,962,000 after buying an additional 19,269 shares during the period. Everett Harris & Co. CA raised its stake in Enbridge Energy Partners, L.P. by 19.3% in the fourth quarter. Everett Harris & Co. CA now owns 75,215 shares of the company’s stock worth $1,735,000 after buying an additional 12,150 shares during the period. Morgan Stanley raised its stake in Enbridge Energy Partners, L.P. by 136.7% in the fourth quarter. Morgan Stanley now owns 4,557,785 shares of the company’s stock worth $105,148,000 after buying an additional 2,631,827 shares during the period. Bedell Frazier Investment Counseling LLC bought a new stake in Enbridge Energy Partners, L.P. during the fourth quarter worth $2,719,000. Finally, Bank of Montreal Can raised 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 during the period.

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.