Notable Mover: What’s in Enbridge Energy Partners, L.P. After Today’s Significant Decline?

Notable Mover: What's in Enbridge Energy Partners, L.P. After Today's Significant Decline?

The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) is a huge mover today! About 301,568 shares traded hands. Enbridge Energy Partners, L.P. (NYSE:EEP) has risen 49.77% since March 11, 2016 and is uptrending. It has outperformed by 44.31% the S&P500.
The move comes after 7 months negative chart setup for the $8.86B company. It was reported on Oct, 14 by Barchart.com. We have $23.45 PT which if reached, will make NYSE:EEP worth $708.80 million less.

Analysts await Enbridge Energy Partners, L.P. (NYSE:EEP) to report earnings on November, 7. They expect $0.15 EPS, down 34.78% or $0.08 from last year’s $0.23 per share. EEP’s profit will be $52.14 million for 42.48 P/E if the $0.15 EPS becomes a reality. After $0.22 actual EPS reported by Enbridge Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -31.82% negative EPS growth.

Enbridge Energy Partners, L.P. (NYSE:EEP) Ratings Coverage

Out of 12 analysts covering Enbridge Energy Partners (NYSE:EEP), 7 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 58% are positive. Enbridge Energy Partners has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, November 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Goldman Sachs downgraded it to “Sell” rating and $20 target price in Wednesday, July 20 report. Mizuho initiated the shares of EEP in a report on Friday, September 30 with “Buy” rating. The rating was reinitiated by Piper Jaffray on Friday, April 1 with “Neutral”. The rating was upgraded by Credit Suisse to “Outperform” on Monday, December 21. Barclays Capital maintained Enbridge Energy Partners, L.P. (NYSE:EEP) on Monday, October 12 with “Equal-Weight” rating. On Thursday, March 17 the stock rating was downgraded by Credit Suisse to “Neutral”. The firm earned “Overweight” rating on Wednesday, September 7 by Piper Jaffray. The rating was initiated by FBR Capital on Friday, September 9 with “Outperform”. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) earned “Neutral” rating by Credit Suisse on Tuesday, May 3.

According to Zacks Investment Research, “Enbridge Energy Partners, L.P. owns the U.S. portion of the world’s longest liquid petroleum pipeline. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, holds an effective 14.5% interest in the Partnership. (Press Release)”

Insitutional Activity: The institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.10, from 0.72 in 2016Q1. The ratio improved, as 28 funds sold all Enbridge Energy Partners, L.P. shares owned while 86 reduced positions. 29 funds bought stakes while 64 increased positions. They now own 129.88 million shares or 4.73% less from 136.33 million shares in 2016Q1.
Rothschild Corp Il owns 67,750 shares or 0.2% of their US portfolio. Cohen Cap Mgmt Incorporated, a California-based fund reported 157,976 shares. Tortoise Capital Advsrs Limited holds 1.03% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP) for 6.35 million shares. Assetmark, a California-based fund reported 200 shares. Glenmede Tru Com Na, a Pennsylvania-based fund reported 26,433 shares. Princeton Strategies Ltd Company last reported 9,800 shares in the company. Royal Fincl Bank Of Canada has 267,194 shares for 0% of their US portfolio. Ins Tx last reported 0.14% of its portfolio in the stock. Bessemer last reported 22,662 shares in the company. Cypress Capital Management Ltd (Wy), a Wyoming-based fund reported 2,300 shares. Duncker Streett & Company Incorporated holds 0.07% or 8,251 shares in its portfolio. Pacad Investment Limited last reported 4,500 shares in the company. Amer Assets Inv Ltd Company has 22,000 shares for 0.12% of their US portfolio. National Planning holds 30,872 shares or 0.05% of its portfolio. Morgan Stanley accumulated 0.04% or 4.36M shares.

Another recent and important Enbridge Energy Partners, L.P. (NYSE:EEP) news was published by Bizjournals.com which published an article titled: “Enbridge Energy Partners, Marathon Petroleum to buy $2B stake in pipeline system” on August 03, 2016.

EEP Company Profile

Enbridge Energy Partners, L.P., incorporated on October 16, 1991, is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. The Firm operates in two business divisions: Liquids and Natural Gas.

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