Enbridge Energy Partners, L.P. (NYSE:EEP) has been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.11.

EEP has been the topic of several research analyst reports. Goldman Sachs Group Inc. raised Enbridge Energy Partners, L.P. from a “sell” rating to a “neutral” rating and raised their price target for the company from $20.00 to $24.00 in a research report on Monday, September 19th. FBR & Co assumed coverage on Enbridge Energy Partners, L.P. in a research report on Friday, September 9th. They issued an “outperform” rating and a $31.00 price target on the stock. Simmons raised Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $28.00 in a research report on Wednesday, September 7th. Zacks Investment Research raised Enbridge Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, July 5th. Finally, Piper Jaffray Cos. raised Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating in a research report on Wednesday, September 7th.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harvest Fund Advisors LLC boosted its position in Enbridge Energy Partners, L.P. by 36.1% in the second quarter. Harvest Fund Advisors LLC now owns 9,595,124 shares of the company’s stock worth $222,607,000 after buying an additional 2,545,503 shares during the period. ING Groep NV boosted its position in Enbridge Energy Partners, L.P. by 282.0% in the first quarter. ING Groep NV now owns 2,704,849 shares of the company’s stock worth $49,580,000 after buying an additional 1,996,849 shares during the period. Bank of Montreal Can purchased a new position in Enbridge Energy Partners, L.P. during the second quarter worth about $36,313,000. Energy Income Partners LLC boosted its position in Enbridge Energy Partners, L.P. by 22.1% in the first quarter. Energy Income Partners LLC now owns 7,685,808 shares of the company’s stock worth $140,804,000 after buying an additional 1,389,683 shares during the period. Finally, Kayne Anderson Capital Advisors LP boosted its position in Enbridge Energy Partners, L.P. by 36.8% in the second quarter. Kayne Anderson Capital Advisors LP now owns 3,299,383 shares of the company’s stock worth $76,544,000 after buying an additional 888,000 shares during the period.

Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) traded down 0.20% during mid-day trading on Thursday, hitting $25.00. The stock had a trading volume of 475,757 shares. Enbridge Energy Partners, L.P. has a one year low of $14.27 and a one year high of $29.99. The firm has a 50 day moving average of $24.40 and a 200 day moving average of $22.39. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 280.90 and a beta of 1.02.

Enbridge Energy Partners, L.P. (NYSE:EEP) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.13. The business earned $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. The company’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. On average, analysts forecast that Enbridge Energy Partners, L.P. will post $0.74 earnings per share for the current year.

About Enbridge Energy Partners, L.P.

Enbridge Energy Partners, L.P. 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.

5 Day Chart for NYSE:EEP

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