Tortoise Capital Advisors L.L.C. raised its stake in Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 26.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,950,324 shares of the oil and gas producer’s stock after purchasing an additional 408,589 shares during the quarter. Tortoise Capital Advisors L.L.C. owned 2.17% of Enbridge Energy Management worth $30,152,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Saratoga Research & Investment Management purchased a new stake in shares of Enbridge Energy Management in the third quarter valued at approximately $104,000. Cedar Wealth Management LLC purchased a new stake in shares of Enbridge Energy Management in the third quarter valued at approximately $104,000. Quantbot Technologies LP purchased a new stake in shares of Enbridge Energy Management in the second quarter valued at approximately $113,000. Great West Life Assurance Co. Can boosted its stake in shares of Enbridge Energy Management by 2.0% in the second quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock valued at $137,000 after buying an additional 171 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Enbridge Energy Management by 1.9% in the second quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock valued at $163,000 after buying an additional 201 shares in the last quarter. Institutional investors own 74.58% of the company’s stock.

Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) opened at $13.82 on Friday. Enbridge Energy Management, L.L.C. has a 12-month low of $12.03 and a 12-month high of $26.53.

A number of analysts have commented on EEQ shares. Zacks Investment Research upgraded Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 target price on shares of Enbridge Energy Management in a research report on Monday, August 21st. Finally, ValuEngine downgraded Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.33.

TRADEMARK VIOLATION WARNING: “Tortoise Capital Advisors L.L.C. Has $30.15 Million Holdings in Enbridge Energy Management, L.L.C. (EEQ)” was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/12/15/tortoise-capital-advisors-l-l-c-has-30-15-million-holdings-in-enbridge-energy-management-l-l-c-eeq.html.

About Enbridge Energy Management

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, L.L.C. (NYSE:EEQ).

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

Receive News & Ratings for Enbridge Energy Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Energy Management and related companies with MarketBeat.com's FREE daily email newsletter.