Enbridge Energy Management, L.L.C. (NYSE:EEQ)’s share price shot up 5.4% during trading on Friday . The stock traded as high as $23.34 and last traded at $23.25, with a volume of 231,628 shares changing hands. The stock had previously closed at $22.05.

Several brokerages have commented on EEQ. Goldman Sachs Group Inc. cut shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to a “sell” rating and decreased their price target for the company from $21.00 to $20.00 in a research report on Wednesday, July 20th. Zacks Investment Research cut shares of Enbridge Energy Management, L.L.C. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Piper Jaffray Cos. reissued a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a research report on Saturday, April 2nd. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.75.

The company has a 50 day moving average of $22.64 and a 200 day moving average of $19.53. The company’s market cap is $1.80 billion.

Several hedge funds and institutional investors have recently made changes to their positions in EEQ. California Public Employees Retirement System increased its position in shares of 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 period. R.M.SINCERBEAUX Capital Management LLC boosted its stake in 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 valued at $1,339,000 after buying an additional 1,261 shares in the last quarter. Swiss National Bank boosted its stake 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 in the last quarter. SFE Investment Counsel boosted its stake 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 valued at $1,562,000 after buying an additional 37,730 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake 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 in the last quarter.

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