Enbridge Energy Partners (NYSE:EEP) is set to announce its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.

Enbridge Energy Partners (NYSE:EEP) opened at $13.39 on Monday. Enbridge Energy Partners has a 12-month low of $12.25 and a 12-month high of $19.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $4,372.06, a P/E ratio of 21.25 and a beta of 1.16.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.46%. The ex-dividend date is Tuesday, February 6th. Enbridge Energy Partners’s dividend payout ratio (DPR) is currently 222.23%.

A number of equities analysts have weighed in on EEP shares. Zacks Investment Research downgraded Enbridge Energy Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Mizuho reaffirmed a “hold” rating and set a $17.00 price target on shares of Enbridge Energy Partners in a research report on Friday, October 20th. Morgan Stanley reduced their price target on Enbridge Energy Partners from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Barclays reduced their price target on Enbridge Energy Partners from $21.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, November 20th. Finally, Bank of America started coverage on Enbridge Energy Partners in a research report on Tuesday, January 9th. They set an “underperform” rating for the company. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Enbridge Energy Partners presently has an average rating of “Hold” and a consensus target price of $18.13.

An institutional investor recently raised its position in Enbridge Energy Partners stock. The Manufacturers Life Insurance Company increased its stake in Enbridge Energy Partners, L.P. (NYSE:EEP) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,625 shares of the pipeline company’s stock after buying an additional 1,959 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Enbridge Energy Partners were worth $154,000 as of its most recent SEC filing. Institutional investors and hedge funds own 45.36% of the company’s stock.

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Enbridge Energy Partners Company Profile

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.

Earnings History for Enbridge Energy Partners (NYSE:EEP)

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