Enbridge Energy Partners, L.P. (NYSE:EEP) was upgraded by analysts at Goldman Sachs Group Inc. to a “neutral” rating in a report issued on Monday.

EEP has been the topic of a number of other reports. FBR & Co started coverage on Enbridge Energy Partners, L.P. in a research report on Friday, September 9th. They set an “outperform” rating and a $31.00 price objective on the stock. Zacks Investment Research upgraded Enbridge Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, July 5th. Simmons upgraded Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating and upped their price target for the company from $25.00 to $28.00 in a research report on Wednesday, September 7th. Piper Jaffray Cos. upgraded Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating in a research report on Wednesday, September 7th. Finally, Credit Suisse Group AG upgraded Enbridge Energy Partners, L.P. from a “neutral” rating to an “outperform” rating and upped their price target for the company from $25.00 to $27.00 in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $24.33.

Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) opened at 23.86 on Monday. Enbridge Energy Partners, L.P. has a 12 month low of $14.27 and a 12 month high of $29.99. The firm has a 50-day moving average of $24.04 and a 200 day moving average of $21.59. The company has a market capitalization of $8.30 billion, a PE ratio of 268.09 and a beta of 1.02.

Enbridge Energy Partners, L.P. (NYSE:EEP) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. The business’s revenue for the quarter was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts expect that Enbridge Energy Partners, L.P. will post $0.74 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its position in shares of Enbridge Energy Partners, L.P. by 34.6% in the second quarter. Macquarie Group Ltd. now owns 201,800 shares of the company’s stock valued at $4,682,000 after buying an additional 51,903 shares during the period. Harvest Fund Advisors LLC raised its position in shares of Enbridge Energy Partners, L.P. by 36.1% in the second quarter. Harvest Fund Advisors LLC now owns 9,595,124 shares of the company’s stock valued at $222,607,000 after buying an additional 2,545,503 shares during the period. Virtu Financial LLC purchased a new position in shares of Enbridge Energy Partners, L.P. during the second quarter valued at about $1,944,000. Advisory Research Inc. raised its position in shares of Enbridge Energy Partners, L.P. by 4.3% in the second quarter. Advisory Research Inc. now owns 6,464,576 shares of the company’s stock valued at $149,978,000 after buying an additional 264,184 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Enbridge Energy Partners, L.P. during the second quarter valued at about $209,000.

Enbridge Energy Partners, L.P. Company Profile

Enbridge Energy Partners, L.P. is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs.

5 Day Chart for NYSE:EEP

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