Mizuho reiterated their hold rating on shares of Enbridge Energy Partners (NYSE:EEP) in a research note published on Friday, March 16th. Mizuho currently has a $13.00 price target on the pipeline company’s stock.
Other research analysts have also issued research reports about the company. Morgan Stanley lowered Enbridge Energy Partners from an equal weight rating to an underweight rating and set a $17.00 price objective on the stock. in a report on Thursday, January 11th. Zacks Investment Research upgraded Enbridge Energy Partners from a strong sell rating to a hold rating in a report on Wednesday, January 3rd. JPMorgan Chase reiterated a neutral rating and set a $15.00 price target (down previously from $16.00) on shares of Enbridge Energy Partners in a report on Tuesday, March 13th. Bank of America initiated coverage on Enbridge Energy Partners in a report on Tuesday, January 9th. They set an underperform rating on the stock. Finally, Barclays reduced their price target on Enbridge Energy Partners from $21.00 to $16.00 and set an equal weight rating on the stock in a report on Monday, November 20th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $14.00.
Shares of EEP stock opened at $9.81 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $3,261.91, a price-to-earnings ratio of 12.26 and a beta of 1.32. Enbridge Energy Partners has a fifty-two week low of $9.05 and a fifty-two week high of $19.58.
Enbridge Energy Partners (NYSE:EEP) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $610.00 million for the quarter. Enbridge Energy Partners had a return on equity of 5.68% and a net margin of 9.12%. sell-side analysts expect that Enbridge Energy Partners will post 0.65 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Green Square Capital LLC raised its holdings in shares of Enbridge Energy Partners by 7.1% during the 4th quarter. Green Square Capital LLC now owns 119,248 shares of the pipeline company’s stock worth $1,647,000 after acquiring an additional 7,940 shares during the period. OTA Financial Group L.P. raised its holdings in Enbridge Energy Partners by 145.8% in the 4th quarter. OTA Financial Group L.P. now owns 89,803 shares of the pipeline company’s stock valued at $1,240,000 after buying an additional 53,267 shares during the period. Yorkville Capital Management LLC purchased a new stake in Enbridge Energy Partners in the 4th quarter valued at about $280,000. Brookfield Asset Management Inc. raised its holdings in Enbridge Energy Partners by 87.6% in the 4th quarter. Brookfield Asset Management Inc. now owns 3,855,987 shares of the pipeline company’s stock valued at $53,251,000 after buying an additional 1,800,054 shares during the period. Finally, Glenmede Trust Co. NA raised its holdings in Enbridge Energy Partners by 20.9% in the 4th quarter. Glenmede Trust Co. NA now owns 115,920 shares of the pipeline company’s stock valued at $1,600,000 after buying an additional 20,052 shares during the period. Institutional investors and hedge funds own 45.01% of the company’s stock.
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About Enbridge Energy Partners
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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