Enbridge Energy Management LLC (NYSE:EEQ) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

EEQ has been the subject of several other reports. Zacks Investment Research cut shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub upgraded shares of Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Morgan Stanley cut shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $21.58 to $19.00 in a research note on Thursday, June 15th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy Management in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Enbridge Energy Management presently has a consensus rating of “Hold” and an average price target of $24.00.

Shares of Enbridge Energy Management (NYSE:EEQ) opened at 14.41 on Friday. Enbridge Energy Management has a 52 week low of $13.42 and a 52 week high of $24.78. The stock’s market capitalization is $1.23 billion. The stock has a 50 day moving average of $14.53 and a 200-day moving average of $16.09.

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A number of institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its position in Enbridge Energy Management by 2.0% in the second quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock worth $137,000 after buying an additional 171 shares in the last quarter. M&T Bank Corp boosted its position in Enbridge Energy Management by 1.9% in the second quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock worth $163,000 after buying an additional 201 shares in the last quarter. Buckingham Asset Management LLC boosted its position in Enbridge Energy Management by 1.9% in the second quarter. Buckingham Asset Management LLC now owns 10,621 shares of the oil and gas producer’s stock worth $164,000 after buying an additional 203 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in Enbridge Energy Management by 1.9% in the second quarter. Virginia Retirement Systems ET AL now owns 12,659 shares of the oil and gas producer’s stock worth $195,000 after buying an additional 241 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Enbridge Energy Management by 2.6% in the first quarter. Chicago Partners Investment Group LLC now owns 11,213 shares of the oil and gas producer’s stock worth $207,000 after buying an additional 284 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.

Enbridge Energy Management Company Profile

Analyst Recommendations for Enbridge Energy Management (NYSE:EEQ)

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