Wall Street analysts expect Enbridge Energy Partners, L.P. (NYSE:EEP) to report $0.20 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Enbridge Energy Partners’ earnings, with estimates ranging from $0.13 to $0.26. Enbridge Energy Partners reported earnings of $0.16 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The firm is expected to issue its next earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that Enbridge Energy Partners will report full year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.98. For the next year, analysts forecast that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.44 to $1.13. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Enbridge Energy Partners.
Enbridge Energy Partners (NYSE:EEP) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Enbridge Energy Partners had a net margin of 6.89% and a return on equity of 5.47%. The business had revenue of $610.00 million for the quarter.
Several equities research analysts recently commented on EEP shares. UBS Group reiterated a “buy” rating and issued a $14.00 price objective (down from $16.50) on shares of Enbridge Energy Partners in a research report on Friday, March 2nd. Zacks Investment Research lowered shares of Enbridge Energy Partners from a “hold” rating to a “sell” rating in a research report on Monday. Barclays decreased their price objective on shares of Enbridge Energy Partners from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, November 20th. Bank of America decreased their price objective on shares of Enbridge Energy Partners from $14.00 to $13.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price objective (down from $16.00) on shares of Enbridge Energy Partners in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.00.
Enbridge Energy Partners (NYSE:EEP) traded down $2.27 during trading on Friday, hitting $10.83. 14,615,119 shares of the company traded hands, compared to its average volume of 1,350,000. Enbridge Energy Partners has a 1-year low of $10.33 and a 1-year high of $19.64. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock has a market cap of $4,450.00, a price-to-earnings ratio of 15.04 and a beta of 1.22.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.93%. The ex-dividend date was Tuesday, February 6th. Enbridge Energy Partners’s dividend payout ratio (DPR) is presently 194.44%.
Large investors have recently modified their holdings of the business. Mutual Advisors LLC purchased a new position in shares of Enbridge Energy Partners during the 4th quarter valued at approximately $539,000. Adams Asset Advisors LLC lifted its stake in Enbridge Energy Partners by 44.5% in the fourth quarter. Adams Asset Advisors LLC now owns 512,066 shares of the pipeline company’s stock valued at $7,071,000 after buying an additional 157,648 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Enbridge Energy Partners during the fourth quarter valued at $298,000. Wells Fargo & Company MN increased its holdings in shares of Enbridge Energy Partners by 12.9% during the third quarter. Wells Fargo & Company MN now owns 896,624 shares of the pipeline company’s stock valued at $14,329,000 after purchasing an additional 102,113 shares during the period. Finally, Arbor Wealth Management LLC acquired a new position in shares of Enbridge Energy Partners during the third quarter valued at $917,000. 45.04% of the stock is owned by institutional investors.
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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.
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