Enbridge Energy Partners (NYSE:EEP)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday. They presently have a $15.00 price target on the pipeline company’s stock, down from their previous price target of $16.00. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 14.16% from the company’s previous close.

A number of other equities analysts also recently weighed in on EEP. Zacks Investment Research downgraded shares of Enbridge Energy Partners from a “hold” rating to a “sell” rating in a report on Monday. Morgan Stanley downgraded shares of Enbridge Energy Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a report on Thursday, January 11th. UBS Group reiterated a “buy” rating and issued a $14.00 price objective (down from $16.50) on shares of Enbridge Energy Partners in a report on Friday, March 2nd. Bank of America decreased their price objective on shares of Enbridge Energy Partners from $14.00 to $13.00 and set an “underperform” rating on the stock in a report on Tuesday, February 20th. Finally, Barclays decreased their price objective on shares of Enbridge Energy Partners from $21.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, November 20th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.00.

How to Become a New Pot Stock Millionaire

Shares of Enbridge Energy Partners (NYSE EEP) traded down $0.08 on Tuesday, reaching $13.14. 93,915 shares of the company were exchanged, compared to its average volume of 1,379,590. The firm has a market capitalization of $5,430.00, a P/E ratio of 18.36 and a beta of 1.22. Enbridge Energy Partners has a fifty-two week low of $12.16 and a fifty-two week high of $19.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.35.

Enbridge Energy Partners (NYSE:EEP) last issued its earnings results on Thursday, February 15th. The pipeline company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. The business had revenue of $610.00 million for the quarter. Enbridge Energy Partners had a net margin of 6.89% and a return on equity of 5.47%. analysts predict that Enbridge Energy Partners will post 0.74 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its stake in shares of Enbridge Energy Partners by 2.3% in the fourth quarter. Alps Advisors Inc. now owns 17,894,258 shares of the pipeline company’s stock valued at $247,120,000 after buying an additional 406,015 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in shares of Enbridge Energy Partners by 109.7% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,619,043 shares of the pipeline company’s stock worth $121,752,000 after purchasing an additional 3,985,284 shares during the period. Advisory Research Inc. raised its stake in shares of Enbridge Energy Partners by 32.3% during the 4th quarter. Advisory Research Inc. now owns 7,001,255 shares of the pipeline company’s stock worth $96,687,000 after purchasing an additional 1,707,465 shares during the period. Center Coast Capital Advisors LP raised its stake in shares of Enbridge Energy Partners by 8.5% during the 3rd quarter. Center Coast Capital Advisors LP now owns 6,518,852 shares of the pipeline company’s stock worth $104,171,000 after purchasing an additional 512,072 shares during the period. Finally, Finepoint Capital LP raised its stake in shares of Enbridge Energy Partners by 112.9% during the 4th quarter. Finepoint Capital LP now owns 4,246,366 shares of the pipeline company’s stock worth $58,642,000 after purchasing an additional 2,251,909 shares during the period. Hedge funds and other institutional investors own 45.04% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Enbridge Energy Partners’ (EEP) Neutral Rating Reiterated at JPMorgan Chase & Co.” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.dailypolitical.com/2018/03/13/enbridge-energy-partners-eep-given-new-15-00-price-target-at-jpmorgan-chase-co.html.

About Enbridge Energy Partners

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.

Analyst Recommendations for Enbridge Energy Partners (NYSE:EEP)

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