Enbridge Energy Management LLC (NYSE:EEQ)‘s stock had its “hold” rating restated by stock analysts at Royal Bank Of Canada in a research report issued on Monday. They presently have a $21.00 target price on the oil and gas producer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 46.55% from the company’s previous close.

Several other research analysts also recently weighed in on EEQ. Zacks Investment Research downgraded Enbridge Energy Management from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, ValuEngine downgraded Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.25.

Enbridge Energy Management (NYSE EEQ) traded up 2.50% on Monday, hitting $14.33. 360,121 shares of the company’s stock traded hands. Enbridge Energy Management has a 12 month low of $13.42 and a 12 month high of $24.78. The stock has a 50 day moving average price of $14.94 and a 200-day moving average price of $15.33. The stock’s market cap is $1.23 billion.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP boosted its position in shares of Enbridge Energy Management by 8.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 9,991,806 shares of the oil and gas producer’s stock valued at $153,960,000 after acquiring an additional 791,260 shares during the last quarter. Eagle Global Advisors LLC boosted its position in shares of Enbridge Energy Management by 7.3% during the 2nd quarter. Eagle Global Advisors LLC now owns 3,098,871 shares of the oil and gas producer’s stock valued at $47,754,000 after acquiring an additional 210,126 shares during the last quarter. Maple Brown Abbott Ltd boosted its position in shares of Enbridge Energy Management by 32.4% during the 2nd quarter. Maple Brown Abbott Ltd now owns 2,700,792 shares of the oil and gas producer’s stock valued at $41,619,000 after acquiring an additional 661,057 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Enbridge Energy Management by 28.4% during the 2nd quarter. Macquarie Group Ltd. now owns 1,348,222 shares of the oil and gas producer’s stock valued at $20,776,000 after acquiring an additional 298,218 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Enbridge Energy Management by 40.4% during the 2nd quarter. Royal Bank of Canada now owns 1,169,569 shares of the oil and gas producer’s stock valued at $18,023,000 after acquiring an additional 336,347 shares during the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Enbridge Energy Management Company Profile

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