Zacks Investment Research cut shares of Enbridge Energy Management (NYSE:EEQ) from a buy rating to a hold rating in a research note issued to investors on Monday.

According to Zacks, “Enbridge Energy Management is a Delaware limited liability company. They manage and control the business and affairs of Enbridge Partners. They have no assets or operations other than those related to their interest in Enbridge Partners. “

A number of other research firms have also recently issued reports on EEQ. Royal Bank of Canada restated a hold rating and set a $21.00 target price on shares of Enbridge Energy Management in a research note on Wednesday, September 27th. ValuEngine cut shares of Enbridge Energy Management from a hold rating to a sell rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock presently has an average rating of Sell and an average target price of $17.50.

Enbridge Energy Management (NYSE:EEQ) traded up $0.09 during midday trading on Monday, hitting $14.27. 613,329 shares of the stock were exchanged, compared to its average volume of 647,267. The firm has a market cap of $1,250.00, a PE ratio of -203.86 and a beta of 1.19. Enbridge Energy Management has a one year low of $12.03 and a one year high of $26.44.

Several hedge funds and other institutional investors have recently bought and sold shares of EEQ. Great West Life Assurance Co. Can lifted its stake in shares of Enbridge Energy Management by 2.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock worth $137,000 after buying an additional 171 shares during the last quarter. Beach Investment Management LLC. acquired a new stake in shares of Enbridge Energy Management during the 2nd quarter worth about $856,000. First Trust Advisors LP lifted its stake in shares of Enbridge Energy Management by 422.1% during the 2nd quarter. First Trust Advisors LP now owns 66,009 shares of the oil and gas producer’s stock worth $1,017,000 after buying an additional 53,365 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of Enbridge Energy Management by 1.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 12,659 shares of the oil and gas producer’s stock worth $195,000 after buying an additional 241 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Enbridge Energy Management by 6.4% during the 2nd quarter. Swiss National Bank now owns 116,285 shares of the oil and gas producer’s stock worth $1,792,000 after buying an additional 7,030 shares during the last quarter. Institutional investors own 74.57% of the company’s stock.

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