Enbridge Energy Management LLC (NYSE:EEQ) has been assigned an average recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.86.

Several analysts have commented on EEQ shares. Zacks Investment Research raised shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday. Morgan Stanley lowered shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $21.58 to $19.00 in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price target on shares of Enbridge Energy Management in a research report on Friday, March 24th.

Enbridge Energy Management (NYSE:EEQ) opened at 14.90 on Tuesday. The company has a 50 day moving average of $16.63 and a 200 day moving average of $19.61. Enbridge Energy Management has a 52 week low of $14.74 and a 52 week high of $25.36. The company’s market capitalization is $1.28 billion.

Several institutional investors have recently bought and sold shares of the stock. 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 increased its position 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 during the period. Creative Planning increased its position 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 during the period. Chicago Partners Investment Group LLC increased its position 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 during the period. Finally, Proficio Capital Partners LLC bought a new position in Enbridge Energy Management during the first quarter valued at about $213,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.

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About Enbridge Energy Management

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