Walter & Keenan Financial Consulting Co. MI ADV lifted its holdings in shares of Enbridge Energy, L.P. (NYSE:EEP) by 297.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,100 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Enbridge Energy, L.P. were worth $161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EEP. Alliancebernstein L.P. grew its holdings in shares of Enbridge Energy, L.P. by 40.5% during the first quarter. Alliancebernstein L.P. now owns 50,162 shares of the pipeline company’s stock worth $953,000 after purchasing an additional 14,462 shares in the last quarter. Bridges Investment Management Inc. lifted its position in Enbridge Energy, L.P. by 2.8% in the 2nd quarter. Bridges Investment Management Inc. now owns 33,550 shares of the pipeline company’s stock worth $537,000 after buying an additional 900 shares during the last quarter. Bridges Investment Counsel Inc. lifted its position in Enbridge Energy, L.P. by 25.1% in the 2nd quarter. Bridges Investment Counsel Inc. now owns 38,736 shares of the pipeline company’s stock worth $619,000 after buying an additional 7,761 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Enbridge Energy, L.P. by 1.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 190,070 shares of the pipeline company’s stock worth $3,041,000 after buying an additional 3,050 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in Enbridge Energy, L.P. by 1,500.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 80,000 shares of the pipeline company’s stock worth $5,000,000 after buying an additional 75,000 shares during the last quarter. 42.38% of the stock is owned by institutional investors.

EEP has been the subject of a number of recent research reports. BidaskClub downgraded Enbridge Energy, L.P. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Enbridge Energy, L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Barclays PLC dropped their target price on Enbridge Energy, L.P. from $21.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank Of Canada restated a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy, L.P. in a research report on Sunday, September 17th. Finally, Mizuho restated a “hold” rating and issued a $17.00 target price on shares of Enbridge Energy, L.P. in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Enbridge Energy, L.P. has an average rating of “Hold” and an average target price of $18.56.

Shares of Enbridge Energy, L.P. (EEP) traded down $0.47 during mid-day trading on Tuesday, reaching $12.80. The company’s stock had a trading volume of 1,920,000 shares, compared to its average volume of 1,450,000. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.94. Enbridge Energy, L.P. has a 12-month low of $12.80 and a 12-month high of $26.17. The company has a market capitalization of $4,180.00, a P/E ratio of 20.31 and a beta of 1.21.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.40 annualized dividend and a yield of 10.94%. Enbridge Energy, L.P.’s payout ratio is currently 186.67%.

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Enbridge Energy, L.P. 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.

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

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