Wells Fargo & Company MN cut its stake in Enbridge Energy Management LLC (NYSE:EEQ) by 44.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,317 shares of the oil and gas producer’s stock after selling 23,714 shares during the quarter. Wells Fargo & Company MN’s holdings in Enbridge Energy Management were worth $452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. increased its position in Enbridge Energy Management by 153.9% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 51,826 shares of the oil and gas producer’s stock worth $798,000 after acquiring an additional 31,417 shares during the period. Atlantic Trust Group LLC increased its position in Enbridge Energy Management by 104.7% during the second quarter. Atlantic Trust Group LLC now owns 789,292 shares of the oil and gas producer’s stock worth $12,164,000 after acquiring an additional 403,750 shares during the period. JPMorgan Chase & Co. increased its position in Enbridge Energy Management by 32.2% during the second quarter. JPMorgan Chase & Co. now owns 430,928 shares of the oil and gas producer’s stock worth $6,641,000 after acquiring an additional 104,888 shares during the period. Swiss National Bank increased its position in Enbridge Energy Management by 6.4% during the second quarter. Swiss National Bank now owns 116,285 shares of the oil and gas producer’s stock worth $1,792,000 after acquiring an additional 7,030 shares during the period. Finally, Buckingham Asset Management LLC increased its position in Enbridge Energy Management by 1.9% during the second quarter. Buckingham Asset Management LLC now owns 10,621 shares of the oil and gas producer’s stock worth $164,000 after acquiring an additional 203 shares during the period. 70.98% of the stock is currently owned by institutional investors.

EEQ has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a research report on Monday, August 21st. ValuEngine lowered shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock has a consensus rating of “Sell” and an average price target of $19.33.

ILLEGAL ACTIVITY NOTICE: This report was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.dailypolitical.com/2017/11/14/enbridge-energy-management-llc-eeq-shares-sold-by-wells-fargo-company-mn.html.

Enbridge Energy Management LLC (NYSE EEQ) opened at $13.30 on Tuesday. Enbridge Energy Management LLC has a 1-year low of $13.22 and a 1-year high of $26.53.

Enbridge Energy Management Company Profile

Want to see what other hedge funds are holding EEQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enbridge Energy Management LLC (NYSE:EEQ).

Institutional Ownership by Quarter 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.