Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) have earned a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.63.

A number of research firms have issued reports on EEP. Morgan Stanley lowered their target price on Enbridge Energy Partners from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Mizuho reaffirmed a “hold” rating and issued a $17.00 target price on shares of Enbridge Energy Partners in a report on Friday, October 20th. Bank of America began coverage on Enbridge Energy Partners in a report on Tuesday, January 9th. They issued an “underperform” rating on the stock. Zacks Investment Research lowered Enbridge Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Barclays lowered their target price on Enbridge Energy Partners from $21.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, November 20th.

Several hedge funds have recently made changes to their positions in EEP. Tortoise Capital Advisors L.L.C. lifted its position in shares of Enbridge Energy Partners by 109.7% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 7,619,043 shares of the pipeline company’s stock worth $121,752,000 after acquiring an additional 3,985,284 shares during the period. Finepoint Capital LP bought a new stake in shares of Enbridge Energy Partners in the 3rd quarter worth approximately $31,871,000. ING Groep NV lifted its position in shares of Enbridge Energy Partners by 584.7% in the 3rd quarter. ING Groep NV now owns 2,090,300 shares of the pipeline company’s stock worth $33,403,000 after acquiring an additional 1,785,000 shares during the period. Alps Advisors Inc. lifted its position in shares of Enbridge Energy Partners by 11.3% in the 3rd quarter. Alps Advisors Inc. now owns 17,488,243 shares of the pipeline company’s stock worth $279,462,000 after acquiring an additional 1,768,827 shares during the period. Finally, Global X MANAGEMENT CO LLC lifted its position in shares of Enbridge Energy Partners by 58.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,997,140 shares of the pipeline company’s stock worth $31,914,000 after acquiring an additional 737,009 shares during the period. Institutional investors own 44.91% of the company’s stock.

Enbridge Energy Partners (NYSE:EEP) traded up $0.01 on Tuesday, reaching $14.83. The company’s stock had a trading volume of 1,150,000 shares, compared to its average volume of 1,710,000. The firm has a market cap of $4,840.00, a price-to-earnings ratio of 19.77 and a beta of 1.19. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.31 and a quick ratio of 0.31. Enbridge Energy Partners has a 12-month low of $12.25 and a 12-month high of $25.97.

Enbridge Energy Partners (NYSE:EEP) last released its earnings results on Wednesday, November 1st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. The firm had revenue of $616.40 million for the quarter, compared to analyst estimates of $637.68 million. Enbridge Energy Partners had a return on equity of 6.03% and a net margin of 8.47%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. equities research analysts expect that Enbridge Energy Partners will post 0.71 EPS for the current year.

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Enbridge Energy Partners 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 Partners (NYSE:EEP)

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