Lucas Capital Management boosted its position in shares of Enbridge Energy Management LLC (NYSE:EEQ) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,785 shares of the oil and gas producer’s stock after buying an additional 7,737 shares during the period. Lucas Capital Management’s holdings in Enbridge Energy Management were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global X MANAGEMENT CO LLC increased its position in Enbridge Energy Management by 31.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 702,621 shares of the oil and gas producer’s stock worth $10,863,000 after buying an additional 169,350 shares during the period. Maple Brown Abbott Ltd increased its position in Enbridge Energy Management by 30.1% during the third quarter. Maple Brown Abbott Ltd now owns 3,514,600 shares of the oil and gas producer’s stock worth $54,336,000 after buying an additional 813,808 shares during the period. Cedar Wealth Management LLC acquired a new position in Enbridge Energy Management during the third quarter worth approximately $104,000. Saratoga Research & Investment Management acquired a new position in Enbridge Energy Management during the third quarter worth approximately $104,000. Finally, First Trust Advisors LP increased its position in Enbridge Energy Management by 23.3% during the third quarter. First Trust Advisors LP now owns 81,373 shares of the oil and gas producer’s stock worth $1,258,000 after buying an additional 15,364 shares during the period. 70.98% of the stock is currently owned by institutional investors.

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Enbridge Energy Management LLC (NYSE EEQ) traded down $0.17 during trading hours on Monday, hitting $13.52. The stock had a trading volume of 252,100 shares, compared to its average volume of 399,375. Enbridge Energy Management LLC has a 1-year low of $13.42 and a 1-year high of $26.53.

A number of research analysts have recently issued reports on EEQ shares. ValuEngine lowered Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy Management in a report on Monday, October 30th. BidaskClub lowered Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research lowered Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company has an average rating of “Sell” and a consensus price target of $19.33.

Enbridge Energy Management Company Profile

Institutional Ownership by Quarter for Enbridge Energy Management (NYSE:EEQ)

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