Investors bought shares of Enbridge Energy Partners, L.P. (NYSE:EEP) on weakness during trading on Monday. $15.20 million flowed into the stock on the tick-up and $3.76 million flowed out of the stock on the tick-down, for a money net flow of $11.44 million into the stock. Of all equities tracked, Enbridge Energy Partners, L.P. had the 24th highest net in-flow for the day. Enbridge Energy Partners, L.P. traded down ($0.39) for the day and closed at $24.46

Several brokerages have recently weighed in on EEP. Morgan Stanley set a $23.00 price objective on shares of Enbridge Energy Partners, L.P. and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG upgraded shares of Enbridge Energy Partners, L.P. from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $25.00 to $27.00 in a research note on Monday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Enbridge Energy Partners, L.P. from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. cut shares of Enbridge Energy Partners, L.P. from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $21.00 to $20.00 in a research note on Wednesday, July 20th. Finally, Zacks Investment Research cut shares of Enbridge Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.78.

The stock’s 50 day moving average is $23.86 and its 200-day moving average is $20.73. The company has a market cap of $8.51 billion and a PE ratio of 274.83.

Enbridge Energy Partners, L.P. (NYSE:EEP) last released its quarterly 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. During the same quarter in the prior year, the company posted $0.18 earnings per share. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. The business’s revenue for the quarter was down 20.1% compared to the same quarter last year. On average, equities analysts expect that Enbridge Energy Partners, L.P. will post $0.70 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were issued a dividend of $0.583 per share. This represents a $2.33 dividend on an annualized basis and a dividend yield of 9.53%. The ex-dividend date was Wednesday, August 3rd.

A hedge fund recently raised its stake in Enbridge Energy Partners, L.P. stock. Jennison Associates LLC raised its position in Enbridge Energy Partners, L.P. (NYSE:EEP) by 52.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 272,847 shares of the company’s stock after buying an additional 93,319 shares during the period. Jennison Associates LLC owned approximately 0.08% of Enbridge Energy Partners, L.P. worth $6,295,000 at the end of the most recent 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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