Enbridge Energy Partners, L.P. (NYSE:EEP) shares saw unusually-high trading volume on Wednesday . Approximately 2,335,537 shares changed hands during mid-day trading, an increase of 42% from the previous session’s volume of 1,644,628 shares.The stock last traded at $23.54 and had previously closed at $22.54.

EEP has been the topic of several research reports. Barclays PLC initiated 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 on the stock. Morgan Stanley set a $23.00 price target on shares of Enbridge Energy Partners, L.P. and gave the stock a “sell” rating in a report on Wednesday. Credit Suisse Group AG upgraded shares of Enbridge Energy Partners, L.P. from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $25.00 to $27.00 in a report on Monday. Zacks Investment Research upgraded shares of Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Enbridge Energy Partners, L.P. from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.80.

The firm’s 50-day moving average price is $23.09 and its 200 day moving average price is $20.01. The stock has a market cap of $8.16 billion and a P/E ratio of 263.60.

Enbridge Energy Partners, L.P. (NYSE:EEP) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.13. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Enbridge Energy Partners, L.P.’s quarterly revenue was down 20.1% compared to the same quarter last year. Equities research analysts forecast that Enbridge Energy Partners, L.P. will post $0.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be paid a $0.583 dividend. This represents a $2.33 dividend on an annualized basis and a yield of 9.94%. The ex-dividend date is Wednesday, August 3rd.

Other large investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of 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. Jennison Associates LLC boosted its stake in shares of 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. Bank of Montreal Can boosted its stake in shares of 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. Atlantic Trust Group LLC boosted its stake in shares of 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. Finally, Morgan Stanley boosted its stake in shares of 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 in the last quarter.

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.

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