Enbridge Energy Management LLC (EEQ) Hits New 12-Month Low at $13.26

Enbridge Energy Management LLC (NYSE:EEQ)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.26 and last traded at $13.52, with a volume of 252100 shares. The stock had previously closed at $13.69.

A number of equities analysts have issued reports on EEQ shares. ValuEngine cut shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and set a $21.00 target price on shares of Enbridge Energy Management in a research report on Monday, October 30th. BidaskClub cut 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 cut shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has an average rating of “Sell” and an average price target of $19.33.

Several large investors have recently bought and sold shares of the company. AMP Capital Investors Ltd raised its position in shares of Enbridge Energy Management by 11.8% in the third quarter. AMP Capital Investors Ltd now owns 3,776,020 shares of the oil and gas producer’s stock valued at $58,378,000 after buying an additional 398,114 shares during the last quarter. Franklin Square Holdings L.P. raised its position in shares of Enbridge Energy Management by 46.1% in the third quarter. Franklin Square Holdings L.P. now owns 89,847 shares of the oil and gas producer’s stock valued at $1,389,000 after buying an additional 28,359 shares during the last quarter. Karpas Strategies LLC raised its position in shares of Enbridge Energy Management by 2.3% in the third quarter. Karpas Strategies LLC now owns 180,229 shares of the oil and gas producer’s stock valued at $2,786,000 after buying an additional 4,010 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Enbridge Energy Management by 19.9% in the third quarter. Macquarie Group Ltd. now owns 1,616,588 shares of the oil and gas producer’s stock valued at $24,992,000 after buying an additional 268,366 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Enbridge Energy Management by 9.1% in the third quarter. Russell Investments Group Ltd. now owns 697,108 shares of the oil and gas producer’s stock valued at $10,777,000 after buying an additional 57,988 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

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