Goldman Sachs Group Inc. restated their neutral rating on shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) in a report published on Monday morning. They currently have a $24.00 target price on the stock, up from their previous target price of $20.00.

Analyst Recommendations for Enbridge Energy Management, L.L.C. (NYSE:EEQ)

Several other brokerages have also commented on EEQ. Simmons upgraded Enbridge Energy Management, L.L.C. from a neutral rating to an overweight rating in a research report on Thursday, September 8th. FBR & Co restated an outperform rating and set a $31.00 target price on shares of Enbridge Energy Management, L.L.C. in a research report on Friday, September 9th. Piper Jaffray Cos. upgraded Enbridge Energy Management, L.L.C. from a neutral rating to an overweight rating in a research report on Wednesday, September 7th. Zacks Investment Research lowered Enbridge Energy Management, L.L.C. from a hold rating to a sell rating in a research report on Tuesday, July 19th. Finally, Credit Suisse Group AG upgraded Enbridge Energy Management, L.L.C. from a neutral rating to an outperform rating in a research report on Monday, August 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $22.75.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) opened at 24.72 on Monday. Enbridge Energy Management, L.L.C. has a 52-week low of $13.80 and a 52-week high of $27.86. The firm’s market cap is $1.93 billion. The firm’s 50 day moving average price is $23.84 and its 200 day moving average price is $21.56.

A number of hedge funds and other institutional investors have recently made changes to their positions in EEQ. Macquarie Group Ltd. raised its position in shares of Enbridge Energy Management, L.L.C. by 9.1% in the second quarter. Macquarie Group Ltd. now owns 832,784 shares of the company’s stock valued at $19,163,000 after buying an additional 69,309 shares during the last quarter. Beach Investment Counsel Inc. PA increased its stake in shares of Enbridge Energy Management, L.L.C. by 2.7% in the second quarter. Beach Investment Counsel Inc. PA now owns 52,058 shares of the company’s stock valued at $1,198,000 after buying an additional 1,393 shares during the period. Stifel Financial Corp increased its stake in shares of Enbridge Energy Management, L.L.C. by 1.5% in the second quarter. Stifel Financial Corp now owns 49,127 shares of the company’s stock valued at $1,131,000 after buying an additional 747 shares during the period. FDx Advisors Inc. bought a new stake in shares of Enbridge Energy Management, L.L.C. during the second quarter valued at approximately $206,000. Finally, Wellington Shields Capital Management LLC increased its stake in shares of Enbridge Energy Management, L.L.C. by 2.7% in the second quarter. Wellington Shields Capital Management LLC now owns 25,470 shares of the company’s stock valued at $586,000 after buying an additional 680 shares during the period.

Enbridge Energy Management, L.L.C. Company Profile

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