Enbridge Energy Partners (EEP) Set to Announce Earnings on Wednesday
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%.
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.
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