Price Change to Note: Enbridge Energy Partners, L.P.’s Stock Is Buy After Today’s Big Increase

Price Change to Note: Enbridge Energy Partners, L.P.'s Stock Is Buy After Today's Big Increase

The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) is a huge mover today! About 791,315 shares traded hands. Enbridge Energy Partners, L.P. (NYSE:EEP) has risen 5.40% since April 27, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.
The move comes after 7 months positive chart setup for the $8.56 billion company. It was reported on Nov, 30 by Barchart.com. We have $25.71 PT which if reached, will make NYSE:EEP worth $342.40 million more.

Analysts await Enbridge Energy Partners, L.P. (NYSE:EEP) to report earnings on February, 21. They expect $0.15 earnings per share, up 36.36% or $0.04 from last year’s $0.11 per share. EEP’s profit will be $51.94 million for 41.20 P/E if the $0.15 EPS becomes a reality. After $0.09 actual earnings per share reported by Enbridge Energy Partners, L.P. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

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

Out of 13 analysts covering Enbridge Energy Partners (NYSE:EEP), 8 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 62% are positive. Enbridge Energy Partners has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) earned “Buy” rating by UBS on Friday, July 29. The stock has “Buy” rating given by Ladenburg Thalmann on Tuesday, November 1. As per Monday, October 12, the company rating was maintained by Barclays Capital. FBR Capital initiated the stock with “Outperform” rating in Friday, September 9 report. Mizuho initiated the stock with “Buy” rating in Friday, September 30 report. The stock has “Neutral” rating given by Piper Jaffray on Friday, April 1. The firm has “Underweight” rating by Morgan Stanley given on Thursday, February 25. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, March 17 report. The firm has “Outperform” rating given on Monday, December 21 by Credit Suisse. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Sector Perform” rating given on Tuesday, November 3 by RBC Capital Markets.

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 1.15 in Q2 2016. Its up 0.33, from 0.82 in 2016Q1. The ratio is positive, 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.
Moreover, American Ins Tx has 0.14% invested in Enbridge Energy Partners, L.P. (NYSE:EEP) for 99,540 shares. Assets Investment Management Limited Liability last reported 22,000 shares in the company. Centers Of America has invested 0.05% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). Oxbow Limited Liability Company holds 2.15% or 646,651 shares in its portfolio. Citadel Advsrs Ltd, a Illinois-based fund reported 40,144 shares. Wells Fargo & Mn holds 0.01% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP) for 562,319 shares. Fcm Investments Tx owns 1,000 shares or 0.01% of their US portfolio. Jnba Financial Advsrs accumulated 0.08% or 12,323 shares. The Texas-based Argent has invested 0.13% in Enbridge Energy Partners, L.P. (NYSE:EEP). Community Natl Bank Na has 0% invested in the company for 200 shares. Jennison Assoc Limited Co owns 553,825 shares or 0.01% of their US portfolio. Salient Ltd Limited Liability Company accumulated 0.04% or 70,689 shares. Ray Gerald L & Associates last reported 33,368 shares in the company. Peak6 Invs L P holds 0.01% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP) for 76,133 shares. Plante Moran Fincl Advsr Limited Liability has 2,000 shares for 0.03% of their US portfolio.

Another recent and important Enbridge Energy Partners, L.P. (NYSE:EEP) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” on November 01, 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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