Zacks Investment Research lowered shares of Enbridge Energy Management (NYSE:EEQ) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Enbridge Energy Management is a Delaware limited liability company. They manage and control the business and affairs of Enbridge Partners. They have no assets or operations other than those related to their interest in Enbridge Partners. “

EEQ has been the subject of several other research reports. ValuEngine upgraded shares of Enbridge Energy Management from a strong sell rating to a sell rating in a report on Friday, August 3rd. Royal Bank of Canada restated a hold rating and issued a $12.00 target price on shares of Enbridge Energy Management in a report on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Enbridge Energy Management has an average rating of Hold and a consensus target price of $13.00.

Shares of Enbridge Energy Management stock opened at $11.08 on Wednesday. Enbridge Energy Management has a 12-month low of $8.38 and a 12-month high of $14.81.

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in shares of Enbridge Energy Management in the 1st quarter valued at $104,000. Franklin Square Holdings L.P. acquired a new position in shares of Enbridge Energy Management in the 2nd quarter valued at $339,000. Sei Investments Co. boosted its holdings in shares of Enbridge Energy Management by 13,648.0% in the 2nd quarter. Sei Investments Co. now owns 37,532 shares of the oil and gas producer’s stock valued at $385,000 after buying an additional 37,259 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Enbridge Energy Management by 13,838.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 51,991 shares of the oil and gas producer’s stock valued at $533,000 after buying an additional 51,618 shares in the last quarter. Finally, Fox Run Management L.L.C. boosted its holdings in shares of Enbridge Energy Management by 432.9% in the 2nd quarter. Fox Run Management L.L.C. now owns 53,708 shares of the oil and gas producer’s stock valued at $551,000 after buying an additional 43,629 shares in the last quarter. Institutional investors and hedge funds own 76.13% of the company’s stock.

Enbridge Energy Management Company Profile

Enbridge Energy Management, LLC, through its limited partner interests in Enbridge Energy Partners, L.P., owns and operates a portfolio of crude oil transportation systems in the United States. Its principal crude oil system is the pipeline transporter of oil production from western Canada and the North Dakota Bakken formation.

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