Cubist Systematic Strategies LLC decreased its position in shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 49.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,176 shares of the oil and gas producer’s stock after selling 8,009 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Enbridge Energy Management were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of EEQ. Great West Life Assurance Co. Can grew its holdings in shares of Enbridge Energy Management by 2.0% during 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 last quarter. First Trust Advisors LP boosted its holdings in Enbridge Energy Management by 422.1% in the second quarter. First Trust Advisors LP now owns 66,009 shares of the oil and gas producer’s stock worth $1,017,000 after purchasing an additional 53,365 shares during the last quarter. Swiss National Bank boosted its holdings in Enbridge Energy Management by 6.4% in the second quarter. Swiss National Bank now owns 116,285 shares of the oil and gas producer’s stock worth $1,792,000 after purchasing an additional 7,030 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Enbridge Energy Management by 32.2% in the second quarter. JPMorgan Chase & Co. now owns 430,928 shares of the oil and gas producer’s stock worth $6,641,000 after purchasing an additional 104,888 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Enbridge Energy Management by 7.5% in the second quarter. Alliancebernstein L.P. now owns 20,510 shares of the oil and gas producer’s stock worth $316,000 after purchasing an additional 1,438 shares during the last quarter. Hedge funds and other institutional investors own 74.57% of the company’s stock.

Shares of Enbridge Energy Management, L.L.C. (NYSE EEQ) opened at $14.27 on Monday. Enbridge Energy Management, L.L.C. has a fifty-two week low of $12.03 and a fifty-two week high of $26.44. The stock has a market cap of $1,280.66, a P/E ratio of -182.78 and a beta of 1.20.

Several equities research analysts recently issued reports on EEQ shares. Royal Bank of Canada restated a “hold” rating and issued a $21.00 target price on shares of Enbridge Energy Management in a report on Monday, October 30th. Zacks Investment Research cut shares of Enbridge Energy Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. ValuEngine cut shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Bank of America started coverage on shares of Enbridge Energy Management in a report on Tuesday, January 9th. They issued an “underperform” rating and a $14.00 target price on the stock. Finally, Morgan Stanley cut shares of Enbridge Energy Management from an “equal weight” rating to an “underweight” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company currently has a consensus rating of “Sell” and an average price target of $17.50.

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Enbridge Energy Management Company Profile

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

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