Enbridge Energy, LP (EEP) Cut to Hold at Zacks Investment Research

US Bancorp DE cut its stake in shares of Enbridge Energy, L.P. (NYSE:EEP) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

What do the trading volumes reveal?

Enbridge Energy, L.P. (NYSE:EEP) has been assigned a consensus recommendation of "Hold" from the sixteen analysts that are now covering the stock, reports. It is highly important for investors to understand exactly what risks they are taking when buying and selling stocks. Raymond James Financial Services Advisors, Inc. now holds 27,998 shares worth $431,000. Bank of Montreal Can boosted its position in shares of Enbridge Energy, 81.0% in the second quarter. Janney Montgomery Scott LLC now owns 59,179 shares of the oil and gas producer's stock valued at $912,000 after buying an additional 6,097 shares during the last quarter. US Bancorp DE increased its position in shares of Enbridge Energy, 15.8% in the first quarter. Huntington Steele LLC now owns 33,018 shares of the oil and gas producer's stock worth $608,000 after buying an additional 1,568 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Enbridge Energy, 5.7% in the first quarter. Westwood Holdings Group Inc now owns 18,059 shares with a value of $278,000. Penserra Capital Management LLC now owns 11,557 shares of the pipeline company's stock worth $184,000 after buying an additional 6,641 shares in the last quarter.

10/08/2015 - Enbridge Energy, L.P. was upgraded to "outperform" by analysts at Oppenheimer. (NYSE:EEQ) shares saw heavy trading volume with 528K shares changing hands on Wednesday. Moreover, Energy Income Partners Llc has 3.52% invested in the company for 7.27 million shares. The company has market cap of $5.95 billion.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) has been trading in a bearish manner, based on the relative positions of the stock's 20 and 200 day moving averages. Analysts have placed a $18.67 price target on Enbridge Energy Partners, L.P., suggesting a 29.29% gain from recent close. As companies start to report quarterly earnings, investors will be watching to see what types of trends emerge. The business had revenue of $596.50 million during the quarter, compared to analyst estimates of $601.82 million. Enbridge Energy, L.P. The business's revenue was down 4.0% compared to the same quarter past year. During the same period a year ago, the firm posted $0.22 EPS. Hutner Capital Management Inc. increased its position in shares of Enbridge Energy, 0.7% in the first quarter.

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The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. The dividend was $0.130 per share for the quarter or $0.52 annualized. The ex-dividend date was Thursday, August 3rd.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered Enbridge Energy, L.P. from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 25th. Enbridge Inc. (TSX:ENB) presently has a 10 month price index of 0.89356. Next Group holds 0% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP) for 7,811 shares. The stock tapped a 52-week high of US$26.65 while the mean 12-month price target for the shares is US$17.25. Mizuho reiterated a "neutral" rating and set a $19.00 price target (down previously from $22.00) on shares of Enbridge Energy, a report on Wednesday, May 17th. Wall Street analysts have a consensus 2.80 recommendation on the stock. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has "Underweight" rating given on Thursday, February 25 by Morgan Stanley.

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering; transportation and storage services, and natural gas gathering, treating, processing, marketing and transportation services in the Gulf Coast and mid-continent regions of the United States.

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