Maple Brown Abbott Ltd increased its position in shares of Enbridge Energy Management LLC (NYSE:EEQ) by 32.4% during the second quarter, Holdings Channel reports. The firm owned 2,700,792 shares of the oil and gas producer’s stock after buying an additional 661,057 shares during the period. Enbridge Energy Management accounts for approximately 4.3% of Maple Brown Abbott Ltd’s holdings, making the stock its 11th largest position. Maple Brown Abbott Ltd’s holdings in Enbridge Energy Management were worth $41,619,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kayne Anderson Capital Advisors LP raised its stake in shares of Enbridge Energy Management by 10.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,200,546 shares of the oil and gas producer’s stock worth $169,465,000 after buying an additional 864,464 shares during the period. Eagle Global Advisors LLC raised its stake in shares of Enbridge Energy Management by 7.3% in the second quarter. Eagle Global Advisors LLC now owns 3,098,871 shares of the oil and gas producer’s stock worth $47,754,000 after buying an additional 210,126 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Enbridge Energy Management by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 2,635,840 shares of the oil and gas producer’s stock worth $48,552,000 after buying an additional 66,744 shares during the period. Vanguard Group Inc. raised its stake in shares of Enbridge Energy Management by 26.4% in the first quarter. Vanguard Group Inc. now owns 942,452 shares of the oil and gas producer’s stock worth $17,360,000 after buying an additional 196,979 shares during the period. Finally, Bollard Group LLC raised its stake in shares of Enbridge Energy Management by 2.1% in the second quarter. Bollard Group LLC now owns 940,965 shares of the oil and gas producer’s stock worth $14,500,000 after buying an additional 19,337 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

Shares of Enbridge Energy Management LLC (EEQ) opened at 14.51 on Thursday. The company’s 50-day moving average is $15.00 and its 200 day moving average is $16.77. The firm’s market cap is $1.24 billion. Enbridge Energy Management LLC has a 1-year low of $14.13 and a 1-year high of $24.78.

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EEQ has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Enbridge Energy Management from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $20.00 target price on shares of Enbridge Energy Management in a research note on Friday, April 28th. Finally, Morgan Stanley lowered shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $21.58 to $19.00 in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.86.

Enbridge Energy Management Company Profile

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Institutional Ownership by Quarter for Enbridge Energy Management (NYSE:EEQ)

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