Enbridge Energy Management, L.L.C. (EEQ) Gains “Hold” Rating from Royal Bank of Canada

Enbridge Energy Management, L.L.C. (EEQ) Gains “Hold” Rating from Royal Bank of Canada

Enbridge Energy Management, L.L.C. (NYSE:EEQ)‘s stock had its “hold” rating reissued by investment analysts at Royal Bank of Canada in a research note issued on Tuesday. They presently have a $20.00 price objective on the stock. Royal Bank of Canada’s price target points to a potential upside of 11.79% from the stock’s previous close.

Several other analysts also recently issued reports on EEQ. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $27.00 price objective on shares of Enbridge Energy Management, L.L.C. in a research report on Tuesday, November 1st. Zacks Investment Research downgraded Enbridge Energy Management, L.L.C. from a “hold” rating to a “sell” rating in a research report on Monday, December 26th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.67.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded up 2.29% during mid-day trading on Tuesday, hitting $17.89. 709,649 shares of the company’s stock traded hands. The stock’s market cap is $1.50 billion. Enbridge Energy Management, L.L.C. has a one year low of $16.10 and a one year high of $26.53. The firm’s 50-day moving average price is $17.65 and its 200-day moving average price is $22.63.

Institutional investors have recently added to or reduced their stakes in the company. Energy Income Partners LLC acquired a new stake in Enbridge Energy Management, L.L.C. during the fourth quarter worth $231,386,000. Advisory Research Inc. boosted its stake in shares of Enbridge Energy Management, L.L.C. by 11.6% in the fourth quarter. Advisory Research Inc. now owns 6,701,983 shares of the company’s stock worth $173,581,000 after buying an additional 695,891 shares during the last quarter. Eagle Global Advisors LLC boosted its stake in shares of Enbridge Energy Management, L.L.C. by 15.5% in the second quarter. Eagle Global Advisors LLC now owns 3,984,541 shares of the company’s stock worth $91,684,000 after buying an additional 534,201 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Enbridge Energy Management, L.L.C. during the third quarter worth approximately $9,420,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Enbridge Energy Management, L.L.C. during the fourth quarter worth approximately $9,506,000. Institutional investors own 71.56% of the company’s stock.

About Enbridge Energy Management, L.L.C.

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