Macquarie Group Ltd. boosted its stake in shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 832,784 shares of the company’s stock after buying an additional 69,309 shares during the period. Macquarie Group Ltd. owned 1.07% of Enbridge Energy Management, L.L.C. worth $19,163,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Bank of Montreal Can bought a new position in Enbridge Energy Management, L.L.C. during the second quarter valued at about $496,000. Parkwood LLC boosted its position in Enbridge Energy Management, L.L.C. by 109.8% in the second quarter. Parkwood LLC now owns 63,776 shares of the company’s stock valued at $1,467,000 after buying an additional 33,371 shares during the period. Karpas Strategies LLC boosted its position in Enbridge Energy Management, L.L.C. by 2.8% in the second quarter. Karpas Strategies LLC now owns 160,549 shares of the company’s stock valued at $3,694,000 after buying an additional 4,308 shares during the period. Gilman Hill Asset Management LLC boosted its position in Enbridge Energy Management, L.L.C. by 16.8% in the second quarter. Gilman Hill Asset Management LLC now owns 77,617 shares of the company’s stock valued at $1,786,000 after buying an additional 11,167 shares during the period. Finally, TIAA CREF Trust Co. FSB MO boosted its position in Enbridge Energy Management, L.L.C. by 3.5% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 151,309 shares of the company’s stock valued at $3,482,000 after buying an additional 5,102 shares during the period.

Institutional Ownership by Quarter for Enbridge Energy Management, L.L.C. (NYSE:EEQ)

Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down 1.22% during trading on Friday, reaching $24.21. 48,120 shares of the company were exchanged. Enbridge Energy Management, L.L.C. has a 52-week low of $13.49 and a 52-week high of $25.60. The firm has a 50-day moving average of $24.04 and a 200-day moving average of $22.94. The firm’s market cap is $1.98 billion.

The company 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 annualized dividend and a yield of 9.63%. The ex-dividend date was Thursday, November 3rd.

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EEQ has been the subject of several recent analyst reports. Ladenburg Thalmann reiterated a “buy” rating and issued a $27.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Tuesday, November 1st. Mizuho reiterated a “buy” rating and issued a $29.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Saturday, October 1st. Zacks Investment Research upgraded shares of Enbridge Energy Management, L.L.C. from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a report on Monday, August 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $24.00 price objective (up from $20.00) on shares of Enbridge Energy Management, L.L.C. in a report on Monday, September 19th. Finally, Credit Suisse Group AG upgraded shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to an “outperform” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.80.

About Enbridge Energy Management, L.L.C.

5 Day Chart for NYSE:EEQ

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