Enbridge Energy Management, L.L.C. (NYSE:EEQ)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a report released on Monday. They presently have a $24.00 price objective on the stock, up from their prior price objective of $20.00. Goldman Sachs Group Inc.’s price objective would indicate a potential downside of 0.17% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Enbridge Energy Management, L.L.C. from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a research report on Monday, August 1st. Credit Suisse Group AG raised shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to an “outperform” rating in a research report on Monday, August 1st. FBR & Co reaffirmed an “outperform” rating and set a $31.00 price target on shares of Enbridge Energy Management, L.L.C. in a research report on Friday, September 9th. Simmons raised shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to an “overweight” rating in a research report on Thursday, September 8th. Finally, Piper Jaffray Cos. raised shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to an “overweight” rating in a research report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Enbridge Energy Management, L.L.C. presently has a consensus rating of “Hold” and a consensus price target of $22.75.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded up 1.169% during mid-day trading on Monday, reaching $24.321. The company’s stock had a trading volume of 155,422 shares. The stock’s 50 day moving average price is $23.54 and its 200 day moving average price is $21.28. Enbridge Energy Management, L.L.C. has a 1-year low of $13.80 and a 1-year high of $27.86. The stock’s market capitalization is $1.90 billion.

Several large investors have recently modified their holdings of the stock. Quantbot Technologies LP raised its stake in shares of Enbridge Energy Management, L.L.C. by 135.1% in the second quarter. Quantbot Technologies LP now owns 4,512 shares of the company’s stock worth $103,000 after buying an additional 2,593 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Enbridge Energy Management, L.L.C. by 25.0% in the second quarter. Teacher Retirement System of Texas now owns 8,711 shares of the company’s stock worth $200,000 after buying an additional 1,743 shares during the period. FDx Advisors Inc. bought a new stake in shares of Enbridge Energy Management, L.L.C. during the second quarter worth about $206,000. Virginia Retirement Systems ET AL bought a new stake in shares of Enbridge Energy Management, L.L.C. during the second quarter worth about $214,000. Finally, Buckingham Asset Management LLC bought a new stake in shares of Enbridge Energy Management, L.L.C. during the second quarter worth about $223,000.

About Enbridge Energy Management, L.L.C.

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