Wall Street brokerages predict that Enbridge Energy Management LLC (NYSE:EEQ) will post $0.22 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Enbridge Energy Management’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.18. Enbridge Energy Management posted earnings of ($0.02) per share in the same quarter last year, which indicates a positive year over year growth rate of 1,200%. The firm is expected to announce its next earnings report on Monday, October 30th.

On average, analysts expect that Enbridge Energy Management will report full year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.41 to $0.75. For the next year, analysts anticipate that the company will report earnings of $0.89 per share, with EPS estimates ranging from $0.57 to $1.06. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Enbridge Energy Management.

Several research firms have recently commented on EEQ. Zacks Investment Research lowered shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Morgan Stanley lowered shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $21.58 to $19.00 in a research report on Thursday, June 15th. BidaskClub raised shares of Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. ValuEngine lowered shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a research report on Monday, August 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.83.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Trexquant Investment LP purchased a new stake in Enbridge Energy Management in the first quarter valued at approximately $386,000. Greenwich Investment Management Inc. raised its position in Enbridge Energy Management by 2.5% in the first quarter. Greenwich Investment Management Inc. now owns 44,546 shares of the oil and gas producer’s stock valued at $820,000 after purchasing an additional 1,076 shares during the period. South Texas Money Management Ltd. purchased a new stake in Enbridge Energy Management in the first quarter valued at approximately $273,000. US Bancorp DE raised its position in Enbridge Energy Management by 1,513,300.0% in the first quarter. US Bancorp DE now owns 30,268 shares of the oil and gas producer’s stock valued at $557,000 after purchasing an additional 30,266 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in Enbridge Energy Management by 7.1% in the first quarter. UBS Asset Management Americas Inc. now owns 28,815 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 1,906 shares during the period. 75.26% of the stock is currently owned by institutional investors.

Shares of Enbridge Energy Management (NYSE:EEQ) traded up 1.99% on Friday, reaching $14.88. The company had a trading volume of 242,528 shares. The stock’s market capitalization is $1.27 billion. The company’s 50 day moving average price is $14.35 and its 200-day moving average price is $15.90. Enbridge Energy Management has a 1-year low of $13.42 and a 1-year high of $25.96.

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