Green Square Capital LLC decreased its holdings in Enbridge Energy Partners, L.P. (NYSE:EEP) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,820 shares of the pipeline company’s stock after selling 7,494 shares during the quarter. Green Square Capital LLC’s holdings in Enbridge Energy Partners were worth $1,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Alps Advisors Inc. increased its stake in shares of Enbridge Energy Partners by 5.9% in the 2nd 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 999,662 shares during the period. Tortoise Capital Advisors L.L.C. grew its stake in Enbridge Energy Partners by 19,269,332.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 9,442,022 shares of the pipeline company’s stock valued at $103,201,000 after acquiring an additional 9,441,973 shares during the period. Brookfield Asset Management Inc. grew its stake in Enbridge Energy Partners by 142.0% in the first quarter. Brookfield Asset Management Inc. now owns 9,332,662 shares of the pipeline company’s stock valued at $89,967,000 after acquiring an additional 5,476,675 shares during the period. JPMorgan Chase & Co. grew its stake in Enbridge Energy Partners by 8.8% in the first quarter. JPMorgan Chase & Co. now owns 3,948,518 shares of the pipeline company’s stock valued at $38,063,000 after acquiring an additional 318,485 shares during the period. Finally, Infrastructure Capital Advisors LLC grew its stake in Enbridge Energy Partners by 10.6% in the first quarter. Infrastructure Capital Advisors LLC now owns 3,085,245 shares of the pipeline company’s stock valued at $29,742,000 after acquiring an additional 295,675 shares during the period. Hedge funds and other institutional investors own 42.59% of the company’s stock.

A number of research firms have issued reports on EEP. Zacks Investment Research raised Enbridge Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. UBS Group reissued a “neutral” rating on shares of Enbridge Energy Partners in a research note on Thursday, May 31st. Finally, Morgan Stanley decreased their target price on Enbridge Energy Partners from $11.00 to $10.00 and set a “sell” rating for the company in a research note on Friday, June 8th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Enbridge Energy Partners has a consensus rating of “Hold” and an average target price of $12.80.

Shares of Enbridge Energy Partners stock opened at $11.66 on Wednesday. The stock has a market capitalization of $3.70 billion, a PE ratio of 14.58 and a beta of 1.35. Enbridge Energy Partners, L.P. has a one year low of $8.89 and a one year high of $16.34. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 0.28.

Enbridge Energy Partners (NYSE:EEP) last issued its quarterly earnings results on Thursday, August 2nd. The pipeline company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $537.00 million for the quarter, compared to analyst estimates of $563.60 million. Enbridge Energy Partners had a return on equity of 7.59% and a net margin of 9.25%. During the same period in the previous year, the company posted $0.14 earnings per share. analysts predict that Enbridge Energy Partners, L.P. will post 0.74 earnings per share for the current fiscal year.

Enbridge Energy Partners Profile

Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services assets in the United States. The company's Lakehead system consists of approximately 4,212 miles of pipe and 74 pump stations located in the Great Lakes and Midwest regions of the United States.

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Institutional Ownership by Quarter for Enbridge Energy Partners (NYSE:EEP)

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