Price Action Don’t Lie: How Analysts Feel About Enbridge Energy Management, L.L.C. After Today’s Significant Increase?

Price Action Don't Lie: How Analysts Feel About Enbridge Energy Management, L.L.C. After Today's Significant Increase?

The stock of Enbridge Energy Management, L.L.C. (NYSE:EEQ) is a huge mover today! About 140,078 shares traded hands. Enbridge Energy Management, L.L.C. (NYSE:EEQ) has risen 8.73% since April 27, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
The move comes after 9 months positive chart setup for the $2.03B company. It was reported on Nov, 30 by Barchart.com. We have $26.20 PT which if reached, will make NYSE:EEQ worth $101.50M more.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) Ratings Coverage

Out of 4 analysts covering Enbridge Energy Management LLC (NYSE:EEQ), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. Enbridge Energy Management LLC has been the topic of 7 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of Enbridge Energy Management, L.L.C. (NYSE:EEQ) earned “Sector Perform” rating by RBC Capital Markets on Thursday, February 18. The firm earned “Buy” rating on Tuesday, November 1 by Ladenburg Thalmann. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets. The stock of Enbridge Energy Management, L.L.C. (NYSE:EEQ) earned “Sell” rating by Goldman Sachs on Wednesday, July 20. The firm earned “Underweight” rating on Thursday, February 25 by Morgan Stanley.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 2.15 in 2016 Q2. Its up 0.49, from 1.66 in 2016Q1. The ratio improved, as 11 funds sold all Enbridge Energy Management, L.L.C. shares owned while 36 reduced positions. 12 funds bought stakes while 66 increased positions. They now own 57.01 million shares or 4.35% more from 54.63 million shares in 2016Q1.
Kayne Anderson Capital Advsrs Lp has 2.11% invested in the company for 8.27M shares. Shelter Insurance Retirement Plan reported 113,398 shares or 1.19% of all its holdings. D E Shaw Inc has 0.02% invested in the company for 579,708 shares. Architects, a New Jersey-based fund reported 1,208 shares. Vanguard Gru, a Pennsylvania-based fund reported 451,636 shares. The California-based Blackrock Fund Advisors has invested 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). Quantbot Tech L P, a New York-based fund reported 4,512 shares. Deutsche Fincl Bank Ag has 3.17M shares for 0.05% of their US portfolio. Heronetta Management Lp last reported 13,640 shares in the company. Mufg Americas Corp last reported 1,011 shares in the company. Virginia Retirement Systems Et Al last reported 0% of its portfolio in the stock. Blackrock accumulated 0% or 53,200 shares. Moreover, Neuberger Berman Grp Inc Ltd Liability has 0.07% invested in Enbridge Energy Management, L.L.C. (NYSE:EEQ) for 2.08 million shares. First Republic Investment accumulated 0.02% or 75,676 shares. The Florida-based Raymond James Associate has invested 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ).

More recent Enbridge Energy Management, L.L.C. (NYSE:EEQ) news were published by: Marketwatch.com which released: “Enbridge Energy Management downgraded to sell from neutral at Goldman Sachs” on December 21, 2009. Also Nasdaq.com published the news titled: “Enbridge Energy Management LLC (EEQ) Ex-Dividend Date Scheduled for November …” on November 02, 2016. Marketwired.com‘s news article titled: “Enbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C. File …” with publication date: February 17, 2016 was also an interesting one.

EEQ Company Profile

Enbridge Energy Management, L.L.C., incorporated on May 14, 2002, is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Firm owns i-units, a special class of the Partnership’s limited partner interests.

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