Shares of Enbridge Energy Management LLC (NYSE:EEQ) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.33.

Several research firms recently issued reports on EEQ. Zacks Investment Research upgraded Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, June 19th. ValuEngine cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub cut Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Morgan Stanley downgraded shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $21.58 to $19.00 in a research report on Thursday, June 15th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $21.00 target price on shares of Enbridge Energy Management in a research report on Monday, August 21st.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new position in Enbridge Energy Management during the first quarter worth about $386,000. Greenwich Investment Management Inc. raised its position in shares of Enbridge Energy Management by 2.5% in the 1st quarter. Greenwich Investment Management Inc. now owns 44,546 shares of the oil and gas producer’s stock valued at $820,000 after acquiring an additional 1,076 shares during the period. US Bancorp DE raised its position in shares of Enbridge Energy Management by 1,513,300.0% in the 1st quarter. US Bancorp DE now owns 30,268 shares of the oil and gas producer’s stock valued at $557,000 after acquiring an additional 30,266 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Enbridge Energy Management by 7.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,815 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 1,906 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Enbridge Energy Management by 119.0% in the 1st quarter. Renaissance Technologies LLC now owns 451,350 shares of the oil and gas producer’s stock valued at $8,314,000 after acquiring an additional 245,294 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s stock.

Shares of Enbridge Energy Management (NYSE:EEQ) traded down 0.13% during trading on Friday, hitting $15.53. 618,373 shares of the company were exchanged. The company’s 50-day moving average price is $14.44 and its 200 day moving average price is $15.71. Enbridge Energy Management has a 12 month low of $13.42 and a 12 month high of $25.96. The stock’s market cap is $1.33 billion.

Enbridge Energy Management Company Profile

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