Enbridge Energy Partners, L.P. (NYSE:EEP) rose 3.9% on Monday . The stock traded as high as $24.53 and last traded at $24.52, with a volume of 414,262 shares trading hands. The stock had previously closed at $23.59.

Several research analysts recently commented on the company. Zacks Investment Research raised Enbridge Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, July 5th. Barclays PLC assumed coverage on Enbridge Energy Partners, L.P. in a research report on Wednesday, April 13th. They issued an “equal weight” rating and a $21.00 target price for the company. TheStreet raised Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $5.00 target price (down from $23.00) on shares of Enbridge Energy Partners, L.P. in a research report on Tuesday, May 3rd. Finally, JPMorgan Chase & Co. raised their target price on Enbridge Energy Partners, L.P. from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.78.

The firm’s 50 day moving average price is $23.19 and its 200 day moving average price is $20.06. The firm has a market capitalization of $8.57 billion and a P/E ratio of 276.52.

Enbridge Energy Partners, L.P. (NYSE:EEP) last posted its earnings results on Thursday, July 28th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm’s revenue was down 20.1% compared to the same quarter last year. Equities research analysts predict that Enbridge Energy Partners, L.P. will post $0.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be paid a $0.583 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $2.33 annualized dividend and a yield of 9.48%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased 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 valued at $6,295,000 after buying an additional 93,319 shares during the period. US Bancorp DE increased 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 valued at $1,358,000 after buying an additional 2,733 shares during the period. Finally, Bank of Montreal Can increased 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 valued at $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.

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