Quantbot Technologies LP bought a new stake in Enbridge Energy Management LLC (NYSE:EEQ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,362 shares of the oil and gas producer’s stock, valued at approximately $113,000.

A number of other hedge funds also recently made changes to their positions in EEQ. Wells Fargo & Company MN boosted its holdings in Enbridge Energy Management by 7.7% in the first quarter. Wells Fargo & Company MN now owns 53,031 shares of the oil and gas producer’s stock valued at $977,000 after acquiring an additional 3,784 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Enbridge Energy Management by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 8,765 shares of the oil and gas producer’s stock valued at $161,000 after acquiring an additional 222 shares during the last quarter. First Trust Advisors LP bought a new stake in Enbridge Energy Management in the first quarter valued at approximately $233,000. Swiss National Bank boosted its holdings in Enbridge Energy Management by 2.6% in the first quarter. Swiss National Bank now owns 109,255 shares of the oil and gas producer’s stock valued at $2,012,000 after acquiring an additional 2,766 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Enbridge Energy Management by 7.1% in the first quarter. UBS Asset Management Americas Inc. now owns 28,815 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 1,906 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

Enbridge Energy Management LLC (EEQ) opened at 15.89 on Friday. The firm’s market capitalization is $1.36 billion. Enbridge Energy Management LLC has a 12 month low of $13.42 and a 12 month high of $25.96. The stock’s 50 day moving average price is $14.63 and its 200-day moving average price is $15.69.

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EEQ has been the topic of several analyst reports. ValuEngine cut Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub cut Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a report on Monday, August 21st. Morgan Stanley cut Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $21.58 to $19.00 in a report on Thursday, June 15th. Finally, Zacks Investment Research cut Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.33.

About Enbridge Energy Management

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

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