Center Coast Capital Advisors LP grew its stake in shares of Enbridge Energy, L.P. (NYSE:EEP) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,518,852 shares of the pipeline company’s stock after buying an additional 512,072 shares during the quarter. Enbridge Energy, L.P. comprises 2.6% of Center Coast Capital Advisors LP’s holdings, making the stock its 16th biggest position. Center Coast Capital Advisors LP owned about 2.00% of Enbridge Energy, L.P. worth $104,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in EEP. Alps Advisors Inc. raised its position in shares of Enbridge Energy, L.P. by 11.3% during the 3rd quarter. Alps Advisors Inc. now owns 17,488,243 shares of the pipeline company’s stock worth $279,462,000 after buying an additional 1,768,827 shares in the last quarter. Global X MANAGEMENT CO LLC raised its position in shares of Enbridge Energy, L.P. by 58.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,997,140 shares of the pipeline company’s stock worth $31,914,000 after buying an additional 737,009 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Enbridge Energy, L.P. during the 2nd quarter worth about $11,145,000. Global X Management Co. LLC raised its position in shares of Enbridge Energy, L.P. by 31.1% during the 2nd quarter. Global X Management Co. LLC now owns 1,260,131 shares of the pipeline company’s stock worth $20,162,000 after buying an additional 298,862 shares in the last quarter. Finally, Maple Brown Abbott Ltd raised its position in shares of Enbridge Energy, L.P. by 25.7% during the 2nd quarter. Maple Brown Abbott Ltd now owns 1,437,731 shares of the pipeline company’s stock worth $23,004,000 after buying an additional 293,700 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Enbridge Energy, L.P. (NYSE EEP) traded down $0.28 during midday trading on Tuesday, hitting $14.03. 1,580,200 shares of the company were exchanged, compared to its average volume of 1,449,599. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.31 and a quick ratio of 0.31. Enbridge Energy, L.P. has a twelve month low of $13.87 and a twelve month high of $26.17. The company has a market cap of $4,672.46, a P/E ratio of 21.04 and a beta of 1.21.

Enbridge Energy, L.P. (NYSE:EEP) last released its earnings results on Wednesday, November 1st. The pipeline company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Enbridge Energy, L.P. had a net margin of 8.47% and a return on equity of 6.03%. The business had revenue of $616.40 million for the quarter, compared to the consensus estimate of $637.68 million. During the same period in the previous year, the firm earned $0.09 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. analysts forecast that Enbridge Energy, L.P. will post 0.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend is Monday, November 6th. Enbridge Energy, L.P.’s dividend payout ratio (DPR) is currently 222.23%.

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EEP has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Enbridge Energy, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Enbridge Energy, L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Mizuho restated a “hold” rating and set a $17.00 price target on shares of Enbridge Energy, L.P. in a research report on Friday, October 20th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy, L.P. in a research report on Sunday, September 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.13.

Enbridge Energy, L.P. Company Profile

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.

Institutional Ownership by Quarter for Enbridge Energy, L.P. (NYSE:EEP)

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