Enbridge Energy, L.P. (NYSE:EEP) shares reached a new 52-week low during mid-day trading on Tuesday after Barclays PLC lowered their price target on the stock from $21.00 to $16.00. Barclays PLC currently has an equal weight rating on the stock. Enbridge Energy, L.P. traded as low as $12.80 and last traded at $13.27, with a volume of 2693900 shares trading hands. The stock had previously closed at $13.81.

EEP has been the subject of a number of other research reports. BidaskClub lowered shares of Enbridge Energy, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Morgan Stanley decreased their price target on shares of Enbridge Energy, L.P. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Mizuho restated a “hold” rating and set a $17.00 price target on shares of Enbridge Energy, L.P. in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Enbridge Energy, L.P. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy, L.P. in a research note on Sunday, September 17th. One 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.56.

A number of institutional investors and hedge funds have recently bought and sold shares of EEP. Private Advisor Group LLC lifted its holdings in Enbridge Energy, L.P. by 143.5% during the second quarter. Private Advisor Group LLC now owns 66,116 shares of the pipeline company’s stock valued at $1,053,000 after purchasing an additional 38,968 shares during the last quarter. Brookfield Asset Management Inc. lifted its holdings in Enbridge Energy, L.P. by 11.5% during the second quarter. Brookfield Asset Management Inc. now owns 1,847,733 shares of the pipeline company’s stock valued at $29,564,000 after purchasing an additional 190,900 shares during the last quarter. Maple Brown Abbott Ltd lifted its holdings in Enbridge Energy, L.P. by 19.1% during the third quarter. Maple Brown Abbott Ltd now owns 1,711,931 shares of the pipeline company’s stock valued at $27,357,000 after purchasing an additional 274,200 shares during the last quarter. Adams Asset Advisors LLC lifted its holdings in Enbridge Energy, L.P. by 20.4% during the third quarter. Adams Asset Advisors LLC now owns 354,418 shares of the pipeline company’s stock valued at $5,663,000 after purchasing an additional 60,100 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its holdings in Enbridge Energy, L.P. by 58.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,997,140 shares of the pipeline company’s stock valued at $31,914,000 after purchasing an additional 737,009 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

The firm has a market cap of $4,290.00, a price-to-earnings ratio of 19.51 and a beta of 1.21. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.31 and a current ratio of 0.31.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.65%. The ex-dividend date was Monday, November 6th. Enbridge Energy, L.P.’s dividend payout ratio (DPR) is presently 186.67%.

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About Enbridge Energy, L.P.

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.

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