Royal Bank Of Canada restated their hold rating on shares of Enbridge Energy Management LLC (NYSE:EEQ) in a report published on Monday. The brokerage currently has a $21.00 price objective on the oil and gas producer’s stock.

Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of Enbridge Energy Management from a sell rating to a strong sell rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Enbridge Energy Management from a buy rating to a hold rating in a report on Tuesday, July 11th. Finally, Morgan Stanley lowered shares of Enbridge Energy Management from an overweight rating to an equal weight rating and reduced their price objective for the stock from $21.58 to $19.00 in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $24.00.

Shares of Enbridge Energy Management (NYSE EEQ) opened at 13.74 on Monday. The company’s 50-day moving average price is $14.73 and its 200-day moving average price is $16.25. The firm’s market cap is $1.18 billion. Enbridge Energy Management has a 12 month low of $13.42 and a 12 month high of $24.78.

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A number of hedge funds and other institutional investors have recently modified their holdings of EEQ. HITE Hedge Asset Management LLC raised its position in shares of Enbridge Energy Management by 5,953.3% in the second quarter. HITE Hedge Asset Management LLC now owns 894,555 shares of the oil and gas producer’s stock worth $13,785,000 after buying an additional 879,777 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of Enbridge Energy Management by 10.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,200,546 shares of the oil and gas producer’s stock worth $169,465,000 after buying an additional 864,464 shares during the last quarter. Maple Brown Abbott Ltd raised its position in shares of Enbridge Energy Management by 32.4% in the second quarter. Maple Brown Abbott Ltd now owns 2,700,792 shares of the oil and gas producer’s stock worth $41,619,000 after buying an additional 661,057 shares during the last quarter. Oxbow Advisors LLC raised its position in shares of Enbridge Energy Management by 151.9% in the second quarter. Oxbow Advisors LLC now owns 879,243 shares of the oil and gas producer’s stock worth $13,549,000 after buying an additional 530,197 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Enbridge Energy Management during the second quarter worth about $6,932,000. Institutional investors and hedge funds own 80.33% of the company’s stock.

About Enbridge Energy Management

Analyst Recommendations for Enbridge Energy Management (NYSE:EEQ)

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