Morgan Stanley downgraded shares of Enbridge Energy Management LLC (NYSE:EEQ) from an overweight rating to an equal weight rating in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has $19.00 target price on the oil and gas producer’s stock, down from their prior target price of $21.58.

Several other equities analysts also recently commented on EEQ. Zacks Investment Research downgraded shares of Enbridge Energy Management from a buy rating to a hold rating in a research note on Wednesday, May 24th. Royal Bank Of Canada restated a hold rating and issued a $20.00 price target on shares of Enbridge Energy Management in a research note on Tuesday, February 21st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $23.86.

Analyst Recommendations for Enbridge Energy Management (NYSE:EEQ)

Shares of Enbridge Energy Management (NYSE EEQ) opened at 14.90 on Thursday. The firm has a 50-day moving average of $16.63 and a 200-day moving average of $19.61. The company’s market capitalization is $1.28 billion. Enbridge Energy Management has a one year low of $14.74 and a one year high of $25.36.

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Several institutional investors have recently added to or reduced their stakes in EEQ. Great West Life Assurance Co. Can increased its position in Enbridge Energy Management by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 8,765 shares of the oil and gas producer’s stock valued at $161,000 after buying an additional 222 shares during the period. Buckingham Asset Management LLC boosted its stake in Enbridge Energy Management by 2.6% in the first quarter. Buckingham Asset Management LLC now owns 10,418 shares of the oil and gas producer’s stock valued at $192,000 after buying an additional 264 shares in the last quarter. Creative Planning boosted its stake in Enbridge Energy Management by 194.2% in the first quarter. Creative Planning now owns 11,031 shares of the oil and gas producer’s stock valued at $203,000 after buying an additional 7,282 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Enbridge Energy Management by 2.6% in the first quarter. Chicago Partners Investment Group LLC now owns 11,213 shares of the oil and gas producer’s stock valued at $207,000 after buying an additional 284 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Enbridge Energy Management during the first quarter valued at $213,000. Institutional investors and hedge funds own 77.36% of the company’s stock.

Enbridge Energy Management Company Profile

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