Northern Trust Corp increased its position in Enbridge Energy Management LLC (NYSE:EEQ) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 323,943 shares of the oil and gas producer’s stock after buying an additional 9,603 shares during the quarter. Northern Trust Corp owned 0.38% of Enbridge Energy Management worth $4,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in shares of Enbridge Energy Management by 2.0% in the second quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock valued at $137,000 after buying an additional 171 shares during the period. Buckingham Asset Management LLC increased its stake in shares of Enbridge Energy Management by 1.9% in the second quarter. Buckingham Asset Management LLC now owns 10,621 shares of the oil and gas producer’s stock valued at $164,000 after buying an additional 203 shares during the period. D.A. Davidson & CO. increased its stake in shares of Enbridge Energy Management by 87.8% in the second quarter. D.A. Davidson & CO. now owns 12,326 shares of the oil and gas producer’s stock valued at $189,000 after buying an additional 5,761 shares during the period. Virginia Retirement Systems ET AL increased its stake in shares of Enbridge Energy Management by 1.9% in the second quarter. Virginia Retirement Systems ET AL now owns 12,659 shares of the oil and gas producer’s stock valued at $195,000 after buying an additional 241 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Enbridge Energy Management in the second quarter valued at approximately $207,000. 70.98% of the stock is owned by institutional investors.

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Shares of Enbridge Energy Management LLC (NYSE:EEQ) opened at $13.16 on Friday. Enbridge Energy Management LLC has a 52-week low of $13.02 and a 52-week high of $26.53.

Several research analysts have recently issued reports on EEQ shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Enbridge Energy Management in a research note on Monday, August 21st. ValuEngine downgraded shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research raised shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average price target of $19.33.

About Enbridge Energy Management

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

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