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

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Enbridge Energy Management, L.L.C. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Piper Jaffray Cos. reaffirmed a “neutral” rating on shares of Enbridge Energy Management, L.L.C. in a research note on Saturday, April 2nd. Finally, Goldman Sachs Group Inc. lowered 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 note on Wednesday, July 20th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.75.

The firm’s market capitalization is $1.80 billion. The company’s 50 day moving average price is $22.65 and its 200-day moving average price is $19.56.

A number of hedge funds and institutional investors have bought and sold shares of EEQ. 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 worth $36,226,000 after buying an additional 206,009 shares in the last quarter. 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 worth $1,710,000 after buying an additional 2,612 shares in the last quarter. R.M.SINCERBEAUX Capital Management LLC raised its position 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 worth $1,339,000 after buying an additional 1,261 shares in the last quarter. Finally, 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 worth $2,572,000 after buying an additional 1,054 shares in the last quarter.

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