Huntington Steele LLC cut its position in Enbridge Energy Partners, L.P. (NYSE:EEP) by 42.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,622 shares of the pipeline company’s stock after selling 26,221 shares during the period. Huntington Steele LLC’s holdings in Enbridge Energy Partners, L.P. were worth $677,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Enbridge Energy Partners, L.P. during the third quarter worth approximately $127,000. Wagner Bowman Management Corp acquired a new position in shares of Enbridge Energy Partners, L.P. during the third quarter worth approximately $211,000. Lehman Financial Resources Inc. acquired a new position in shares of Enbridge Energy Partners, L.P. during the third quarter worth approximately $216,000. CIBC Asset Management Inc acquired a new position in shares of Enbridge Energy Partners, L.P. during the third quarter worth approximately $217,000. Finally, Comerica Bank boosted its position in shares of Enbridge Energy Partners, L.P. by 8.6% in the fourth quarter. Comerica Bank now owns 9,480 shares of the pipeline company’s stock worth $243,000 after buying an additional 748 shares during the last quarter. 55.05% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Enbridge Energy Partners, L.P. (NYSE:EEP)

Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) traded up 1.51% during midday trading on Thursday, reaching $18.16. 937,849 shares of the company were exchanged. The firm’s market capitalization is $6.39 billion. Enbridge Energy Partners, L.P. has a 52 week low of $16.95 and a 52 week high of $26.36. The firm has a 50-day moving average of $18.12 and a 200 day moving average of $21.99.

Enbridge Energy Partners, L.P. (NYSE:EEP) last issued its quarterly earnings results on Thursday, February 16th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Enbridge Energy Partners, L.P. had a negative net margin of 5.40% and a positive return on equity of 7.81%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities research analysts expect that Enbridge Energy Partners, L.P. will post $0.40 EPS for the current year.

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A number of brokerages have commented on EEP. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective (down from $21.00) on shares of Enbridge Energy Partners, L.P. in a research note on Tuesday, February 21st. FBR & Co dropped their price objective on shares of Enbridge Energy Partners, L.P. from $29.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 31st. Wells Fargo & Co assumed coverage on shares of Enbridge Energy Partners, L.P. in a report on Friday, March 31st. They issued a “market perform” rating for the company. National Bank Financial lowered shares of Enbridge Energy Partners, L.P. from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 25th. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a $20.00 target price on shares of Enbridge Energy Partners, L.P. in a report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.50.

Enbridge Energy Partners, L.P. Company Profile

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering; transportation and storage services, and natural gas gathering, treating, processing, marketing and transportation services in the Gulf Coast and mid-continent regions of the United States.

5 Day Chart for NYSE:EEP

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