Shares of Enbridge Energy Management LLC (NYSE:EEQ) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of brokerages have weighed in on EEQ. Zacks Investment Research cut Enbridge Energy Management from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub cut Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 price target on shares of Enbridge Energy Management in a research report on Friday, April 28th. Finally, Morgan Stanley cut Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $21.58 to $19.00 in a research report on Thursday, June 15th.

Enbridge Energy Management (EEQ) opened at 14.35 on Friday. The stock has a 50 day moving average price of $15.00 and a 200-day moving average price of $16.75. The stock’s market capitalization is $1.23 billion. Enbridge Energy Management has a 12-month low of $14.14 and a 12-month high of $25.96.

Institutional investors have recently bought and sold shares of the company. HITE Hedge Asset Management LLC boosted its position in Enbridge Energy Management by 5,953.3% in the second quarter. HITE Hedge Asset Management LLC now owns 894,555 shares of the oil and gas producer’s stock valued at $13,785,000 after buying an additional 879,777 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in Enbridge Energy Management by 10.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,200,546 shares of the oil and gas producer’s stock valued at $169,465,000 after buying an additional 864,464 shares in the last quarter. Maple Brown Abbott Ltd boosted its position in Enbridge Energy Management by 32.4% in the second quarter. Maple Brown Abbott Ltd now owns 2,700,792 shares of the oil and gas producer’s stock valued at $41,619,000 after buying an additional 661,057 shares in the last quarter. Oxbow Advisors LLC boosted its position in Enbridge Energy Management by 151.9% in the second quarter. Oxbow Advisors LLC now owns 879,243 shares of the oil and gas producer’s stock valued at $13,549,000 after buying an additional 530,197 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Enbridge Energy Management during the second quarter valued at $6,932,000. 78.66% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Enbridge Energy Management LLC (NYSE:EEQ) Given Consensus Rating of “Hold” by Analysts” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/11/enbridge-energy-management-llc-nyseeeq-given-consensus-rating-of-hold-by-analysts.html.

About Enbridge Energy Management

Analyst Recommendations for Enbridge Energy Management (NYSE:EEQ)

Receive News & Ratings for Enbridge Energy Management LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Energy Management LLC and related companies with MarketBeat.com's FREE daily email newsletter.