Enbridge Energy Partners, L.P. (NYSE:EEP) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $25.30.

Several analysts have recently issued reports on EEP shares. Mizuho began coverage on Enbridge Energy Partners, L.P. in a research note on Thursday, September 29th. They issued a “buy” rating and a $29.00 price objective on the stock. Ladenburg Thalmann reissued a “buy” rating and issued a $27.00 target price on shares of Enbridge Energy Partners, L.P. in a report on Tuesday, November 1st. Zacks Investment Research raised Enbridge Energy Partners, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. JPMorgan Chase & Co. increased their target price on Enbridge Energy Partners, L.P. from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. raised Enbridge Energy Partners, L.P. from a “sell” rating to a “neutral” rating and increased their target price for the company from $20.00 to $24.00 in a report on Monday, September 19th.

Several institutional investors have recently added to or reduced their stakes in the company. Cypress Asset Management Inc. TX bought a new position in Enbridge Energy Partners, L.P. during the second quarter worth about $212,000. Telemus Capital LLC raised its position in Enbridge Energy Partners, L.P. by 4.1% in the second quarter. Telemus Capital LLC now owns 20,357 shares of the company’s stock worth $472,000 after buying an additional 807 shares in the last quarter. Trust Asset Management LLC raised its position in Enbridge Energy Partners, L.P. by 30.9% in the second quarter. Trust Asset Management LLC now owns 89,817 shares of the company’s stock worth $2,084,000 after buying an additional 21,197 shares in the last quarter. Creative Planning raised its position in Enbridge Energy Partners, L.P. by 5.1% in the second quarter. Creative Planning now owns 535,746 shares of the company’s stock worth $12,429,000 after buying an additional 25,929 shares in the last quarter. Finally, Hollencrest Securities LLC raised its position in Enbridge Energy Partners, L.P. by 70.1% in the second quarter. Hollencrest Securities LLC now owns 47,993 shares of the company’s stock worth $1,114,000 after buying an additional 19,783 shares in the last quarter.

Enbridge Energy Partners, L.P. (NYSE:EEP) opened at 22.55 on Thursday. The firm’s market cap is $7.89 billion. Enbridge Energy Partners, L.P. has a one year low of $14.27 and a one year high of $26.37. The stock has a 50 day moving average price of $24.81 and a 200 day moving average price of $23.49.

Enbridge Energy Partners, L.P. (NYSE:EEP) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.10. The firm earned $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Equities research analysts expect that Enbridge Energy Partners, L.P. will post $0.56 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were issued a dividend of $0.583 per share. This represents a $2.33 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend was Thursday, November 3rd.

Enbridge Energy Partners, L.P. Company Profile

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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