Enbridge Energy Management, L.L.C. (NYSE:EEQ) shares shot up 6.7% during mid-day trading on Thursday . The company traded as high as $13.78 and last traded at $13.50. 2,650,248 shares changed hands during trading, an increase of 518% from the average session volume of 428,637 shares. The stock had previously closed at $12.65.

A number of brokerages have issued reports on EEQ. Zacks Investment Research upgraded Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, October 10th. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a research report on Wednesday, September 27th. Finally, ValuEngine lowered Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Institutional investors have recently made changes to their positions in the company. Cedar Wealth Management LLC acquired a new stake in shares of Enbridge Energy Management in the third quarter valued at $104,000. Saratoga Research & Investment Management acquired a new stake in shares of Enbridge Energy Management in the third quarter valued at $104,000. Quantbot Technologies LP acquired a new stake in shares of Enbridge Energy Management in the second quarter valued at $113,000. Great West Life Assurance Co. Can lifted its holdings in shares of 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 valued at $137,000 after buying an additional 171 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of 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 valued at $163,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 74.59% of the company’s stock.

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About Enbridge Energy Management

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