Enbridge Energy, L.P. (NYSE:EEP) had its target price lowered by Barclays PLC from $21.00 to $16.00 in a research note issued to investors on Monday morning. The brokerage currently has an equal weight rating on the pipeline company’s stock.

Other equities research analysts have also issued research reports about the company. Morgan Stanley dropped their price target on Enbridge Energy, L.P. from $18.00 to $17.00 and set an equal weight rating on the stock in a research report on Friday, November 17th. Mizuho reaffirmed a hold rating and set a $17.00 price target on shares of Enbridge Energy, L.P. in a research report on Friday, October 20th. Zacks Investment Research lowered Enbridge Energy, L.P. from a strong-buy rating to a hold rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a hold rating and set a $21.00 price target on shares of Enbridge Energy, L.P. in a research report on Sunday, September 17th. Finally, BidaskClub lowered Enbridge Energy, L.P. from a hold rating to a sell rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $18.56.

Enbridge Energy, L.P. (NYSE:EEP) opened at $13.15 on Monday. The firm has a market capitalization of $4,293.70, a PE ratio of 19.34 and a beta of 1.21. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.94. Enbridge Energy, L.P. has a one year low of $12.68 and a one year high of $26.17.

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

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.65%. Enbridge Energy, L.P.’s payout ratio is presently 222.23%.

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Enbridge Energy, L.P. by 25.6% during the second quarter. The Manufacturers Life Insurance Company now owns 9,625 shares of the pipeline company’s stock worth $154,000 after buying an additional 1,959 shares in the last quarter. PARK CIRCLE Co bought a new position in shares of Enbridge Energy, L.P. during the second quarter worth about $160,000. Walter & Keenan Financial Consulting Co. MI ADV grew its holdings in shares of Enbridge Energy, L.P. by 297.0% during the third quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 40,100 shares of the pipeline company’s stock worth $161,000 after buying an additional 30,000 shares in the last quarter. Wedbush Securities Inc. bought a new position in shares of Enbridge Energy, L.P. during the third quarter worth about $167,000. Finally, Penserra Capital Management LLC grew its holdings in shares of Enbridge Energy, L.P. by 135.1% during the second quarter. Penserra Capital Management LLC now owns 11,557 shares of the pipeline company’s stock worth $184,000 after buying an additional 6,641 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Enbridge Energy, L.P. 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.

Analyst Recommendations for Enbridge Energy, L.P. (NYSE:EEP)

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