Enbridge Energy Partners, L.P. (NYSE:EEP)’s share price fell 1.2% during trading on Monday . The stock traded as low as $23.38 and last traded at $23.38, with a volume of 630,696 shares traded. The stock had previously closed at $23.67.

Several research firms have commented on EEP. TheStreet raised shares of 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 reissued a “neutral” rating and set 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. Zacks Investment Research raised shares of Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, Morgan Stanley set a $23.00 target price on shares of Enbridge Energy Partners, L.P. and gave the stock a “sell” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.78.

The company has a market capitalization of $8.14 billion and a price-to-earnings ratio of 262.70. The firm’s 50 day moving average is $24.01 and its 200-day moving average is $21.01.

Enbridge Energy Partners, L.P. (NYSE:EEP) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.09 by $0.13. During the same period in the prior year, the firm posted $0.18 earnings per share. The company earned $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. The company’s revenue was down 20.1% compared to the same quarter last year. On average, equities analysts forecast that Enbridge Energy Partners, L.P. will post $0.70 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a $0.583 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $2.33 annualized dividend and a yield of 9.97%.

An institutional investor recently raised its position in Enbridge Energy Partners, L.P. stock. Jennison Associates LLC increased its stake in shares of Enbridge Energy Partners, L.P. (NYSE:EEP) by 52.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 272,847 shares of the company’s stock after buying an additional 93,319 shares during the period. Jennison Associates LLC owned about 0.08% of Enbridge Energy Partners, L.P. worth $6,295,000 as of its most recent filing with the SEC.

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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