Nisa Investment Advisors LLC boosted its stake in Enbridge Energy Management LLC (NYSE:EEQ) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 21,842 shares of the oil and gas producer’s stock after buying an additional 417 shares during the period. Nisa Investment Advisors LLC’s holdings in Enbridge Energy Management were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EEQ. Kayne Anderson Capital Advisors LP raised its position in shares of 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 during the period. OppenheimerFunds Inc. raised its position in shares of Enbridge Energy Management by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 2,635,840 shares of the oil and gas producer’s stock valued at $48,552,000 after buying an additional 66,744 shares during the period. Maple Brown Abbott Ltd raised its position in shares of Enbridge Energy Management by 38.4% in the first quarter. Maple Brown Abbott Ltd now owns 2,039,735 shares of the oil and gas producer’s stock valued at $37,572,000 after buying an additional 566,456 shares during the period. Vanguard Group Inc. raised its position in shares of Enbridge Energy Management by 26.4% in the first quarter. Vanguard Group Inc. now owns 942,452 shares of the oil and gas producer’s stock valued at $17,360,000 after buying an additional 196,979 shares during the period. Finally, Bollard Group LLC raised its position in shares of Enbridge Energy Management by 13.0% in the first quarter. Bollard Group LLC now owns 921,628 shares of the oil and gas producer’s stock valued at $16,976,000 after buying an additional 105,697 shares during the period. 78.66% of the stock is currently owned by institutional investors and hedge funds.

Enbridge Energy Management LLC (NYSE EEQ) traded down 0.42% on Friday, reaching $14.29. The company’s stock had a trading volume of 406,300 shares. The company’s market capitalization is $1.22 billion. Enbridge Energy Management LLC has a 1-year low of $13.99 and a 1-year high of $25.96. The stock has a 50 day moving average price of $14.99 and a 200-day moving average price of $16.68.

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EEQ has been the topic of several research reports. BidaskClub lowered Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised Enbridge Energy Management from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 target price on shares of Enbridge Energy Management in a research report on Friday, April 28th. Finally, Morgan Stanley lowered Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $21.58 to $19.00 in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.86.

About Enbridge Energy Management

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Institutional Ownership by Quarter for Enbridge Energy Management (NYSE:EEQ)

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