Enbridge Energy Management, L.L.C. (NYSE:EEQ) declared a quarterly dividend on Wednesday, October 24th, NASDAQ reports. Investors of record on Wednesday, November 7th will be given a dividend of 0.35 per share by the oil and gas producer on Wednesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 13.20%. The ex-dividend date of this dividend is Tuesday, November 6th.
NYSE:EEQ opened at $10.61 on Thursday. Enbridge Energy Management has a twelve month low of $8.38 and a twelve month high of $14.81.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Monday, October 8th. ValuEngine upgraded shares of Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $12.00 price target on shares of Enbridge Energy Management in a research note on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Enbridge Energy Management presently has an average rating of “Hold” and an average target price of $13.00.
About Enbridge Energy Management
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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