Shares of Enbridge Energy, L.P. (NYSE:EEP) rose 8.7% on Thursday . The stock traded as high as $14.84 and last traded at $14.62. Approximately 5,502,450 shares were traded during trading, an increase of 263% from the average daily volume of 1,514,898 shares. The stock had previously closed at $13.45.

EEP has been the subject of several recent research reports. Mizuho reiterated a “hold” rating and set a $17.00 target price on shares of Enbridge Energy in a research note on Friday, October 20th. Zacks Investment Research raised shares of Enbridge Energy from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Tuesday, October 10th. Barclays reduced their price target on shares of Enbridge Energy from $21.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, November 20th. Morgan Stanley reduced their price target on shares of Enbridge Energy from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $21.00 price target on shares of Enbridge Energy in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Enbridge Energy presently has a consensus rating of “Hold” and an average price target of $18.56.

The firm has a market cap of $4,773.68, a price-to-earnings ratio of 21.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.31 and a quick ratio of 0.31.

Enbridge Energy (NYSE:EEP) last posted its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $616.40 million during the quarter, compared to the consensus estimate of $637.68 million. Enbridge Energy had a net margin of 8.47% and a return on equity of 6.03%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. research analysts anticipate that Enbridge Energy, L.P. will post 0.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend was Monday, November 6th. Enbridge Energy’s payout ratio is 222.23%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC lifted its holdings in Enbridge Energy by 143.5% in the 2nd quarter. Private Advisor Group LLC now owns 66,116 shares of the pipeline company’s stock valued at $1,053,000 after acquiring an additional 38,968 shares during the last quarter. Brookfield Asset Management Inc. lifted its holdings in Enbridge Energy by 11.5% in the 2nd quarter. Brookfield Asset Management Inc. now owns 1,847,733 shares of the pipeline company’s stock valued at $29,564,000 after acquiring an additional 190,900 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in Enbridge Energy by 58.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,997,140 shares of the pipeline company’s stock valued at $31,914,000 after acquiring an additional 737,009 shares during the last quarter. Adams Asset Advisors LLC lifted its holdings in Enbridge Energy by 20.4% in the 3rd quarter. Adams Asset Advisors LLC now owns 354,418 shares of the pipeline company’s stock valued at $5,663,000 after acquiring an additional 60,100 shares during the last quarter. Finally, Maple Brown Abbott Ltd lifted its holdings in Enbridge Energy by 19.1% in the 3rd quarter. Maple Brown Abbott Ltd now owns 1,711,931 shares of the pipeline company’s stock valued at $27,357,000 after acquiring an additional 274,200 shares during the last quarter. 44.97% of the stock is owned by institutional investors.

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Enbridge Energy Company Profile

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.

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