JPMorgan Chase & Co. lessened its position in Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 415,018 shares of the oil and gas producer’s stock after selling 15,910 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of Enbridge Energy Management worth $6,258,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its holdings in shares of Enbridge Energy Management by 2.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock worth $137,000 after acquiring an additional 171 shares during the last quarter. M&T Bank Corp increased its stake in Enbridge Energy Management by 1.9% in the 2nd quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock worth $163,000 after buying an additional 201 shares during the period. Virginia Retirement Systems ET AL increased its stake in Enbridge Energy Management by 1.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 12,659 shares of the oil and gas producer’s stock worth $195,000 after buying an additional 241 shares during the period. Westwood Holdings Group Inc. increased its stake in Enbridge Energy Management by 1.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 18,059 shares of the oil and gas producer’s stock worth $278,000 after buying an additional 345 shares during the period. Finally, California Public Employees Retirement System increased its stake in Enbridge Energy Management by 1.2% in the 2nd quarter. California Public Employees Retirement System now owns 105,620 shares of the oil and gas producer’s stock worth $1,628,000 after buying an additional 1,234 shares during the period. Hedge funds and other institutional investors own 74.57% of the company’s stock.

Enbridge Energy Management, L.L.C. (EEQ) opened at $13.39 on Friday. The company has a market cap of $1,187.32, a PE ratio of -171.51 and a beta of 1.20. Enbridge Energy Management, L.L.C. has a 12 month low of $12.03 and a 12 month high of $24.18.

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $21.00 price target on shares of Enbridge Energy Management in a research note on Wednesday, September 27th. Zacks Investment Research downgraded shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine downgraded shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.33.

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Enbridge Energy Management Profile

Institutional Ownership by Quarter for Enbridge Energy Management (NYSE:EEQ)

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