Zacks Investment Research downgraded shares of Enbridge Energy Management LLC (NYSE:EEQ) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Enbridge Energy Management is a Delaware limited liability company. They manage and control the business and affairs of Enbridge Partners. They have no assets or operations other than those related to their interest in Enbridge Partners. “

EEQ has been the subject of a number of other reports. Royal Bank Of Canada reiterated a hold rating and issued a $21.00 price target on shares of Enbridge Energy Management in a research note on Monday, August 21st. ValuEngine cut Enbridge Energy Management from a hold rating to a sell rating in a research note on Friday, September 1st. Finally, BidaskClub cut Enbridge Energy Management from a sell rating to a strong sell rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $21.25.

Shares of Enbridge Energy Management (NYSE:EEQ) opened at 14.36 on Tuesday. The firm’s market capitalization is $1.23 billion. Enbridge Energy Management has a 12-month low of $13.42 and a 12-month high of $25.96. The company’s 50-day moving average price is $15.03 and its 200-day moving average price is $15.54.

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Several institutional investors and hedge funds have recently made changes to their positions in EEQ. Wells Fargo & Company MN lifted its stake in shares of Enbridge Energy Management by 7.7% in the 1st quarter. Wells Fargo & Company MN now owns 53,031 shares of the oil and gas producer’s stock valued at $977,000 after acquiring an additional 3,784 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Enbridge Energy Management by 2.6% in the 1st 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 acquiring an additional 222 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Enbridge Energy Management in the 1st quarter valued at $233,000. Swiss National Bank lifted its stake in shares of Enbridge Energy Management by 2.6% in the 1st quarter. Swiss National Bank now owns 109,255 shares of the oil and gas producer’s stock valued at $2,012,000 after acquiring an additional 2,766 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Enbridge Energy Management by 7.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,815 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 1,906 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Enbridge Energy Management Company Profile

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