Northern Trust Corp lowered its stake in shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 23.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,623 shares of the oil and gas producer’s stock after selling 20,051 shares during the quarter. Northern Trust Corp owned approximately 0.07% of Enbridge Energy Management worth $674,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Franklin Square Holdings L.P. acquired a new position in Enbridge Energy Management during the 2nd quarter valued at approximately $339,000. Sei Investments Co. boosted its position in Enbridge Energy Management by 13,648.0% during the 2nd quarter. Sei Investments Co. now owns 37,532 shares of the oil and gas producer’s stock valued at $385,000 after purchasing an additional 37,259 shares during the period. BNP Paribas Arbitrage SA boosted its position in Enbridge Energy Management by 13,838.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 51,991 shares of the oil and gas producer’s stock valued at $533,000 after purchasing an additional 51,618 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Enbridge Energy Management during the 2nd quarter valued at approximately $586,000. Finally, Millennium Management LLC boosted its position in Enbridge Energy Management by 43.2% during the 1st quarter. Millennium Management LLC now owns 91,981 shares of the oil and gas producer’s stock valued at $841,000 after purchasing an additional 27,738 shares during the period. Institutional investors and hedge funds own 74.60% of the company’s stock.

Shares of Enbridge Energy Management stock opened at $10.76 on Friday. Enbridge Energy Management, L.L.C. has a 1-year low of $8.38 and a 1-year high of $14.81.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 13.01%. The ex-dividend date of this dividend was Tuesday, November 6th.

Separately, Zacks Investment Research lowered Enbridge Energy Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.00.

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Enbridge Energy Management Company Profile

Enbridge Energy Management, LLC, through its limited partner interests in Enbridge Energy Partners, L.P., owns and operates a portfolio of crude oil transportation systems in the United States. Its principal crude oil system is the pipeline transporter of oil production from western Canada and the North Dakota Bakken formation.

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

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