Enbridge Energy Partners, L.P. (NYSE:EEP) shares shot up 3.9% on Monday . The company 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 have commented on EEP shares. Zacks Investment Research upgraded shares of Enbridge Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, July 5th. Goldman Sachs Group Inc. cut shares of Enbridge Energy Partners, L.P. from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $21.00 to $20.00 in a report on Wednesday, July 20th. TheStreet upgraded shares of Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. JPMorgan Chase & Co. boosted 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. Finally, Credit Suisse Group AG reiterated a “neutral” rating and set 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.78.

The firm has a market capitalization of $8.53 billion and a PE ratio of 275.28. The company’s 50 day moving average is $23.34 and its 200-day moving average is $20.24.

Enbridge Energy Partners, L.P. (NYSE:EEP) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.13. The business earned $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted $0.18 EPS. The company’s quarterly revenue was down 20.1% on a year-over-year basis. Analysts forecast that Enbridge Energy Partners, L.P. will post $0.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be issued 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 and institutional investors have bought and sold shares of EEP. US Bancorp DE raised its position 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 last quarter. Jennison Associates LLC raised its position 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 last quarter. Finally, Bank of Montreal Can increased 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 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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