Economy

Enbridge Energy, LP Class AC (EEP) Trades at 52-Week Low

Neuberger Berman Ltd holds 0.02% in Enbridge Energy Partners, L.P. (NYSE:EEP) or 624,134 shares. As of quarter end Advisory Services Network, LLC had bought a total of 120 shares growing its position 12.0%.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) was up +0.57% ($0.08) to $14.02 and showed a volume of 0.51 mln shares. The firm earned "Buy" rating on Friday, September 30 by Mizuho. The rating was upgraded by Piper Jaffray on Wednesday, September 7 to "Overweight". The rating was reinitiated by Ladenburg Thalmann with "Buy" on Tuesday, November 1. Shareholders of record on Monday, August 7th were paid a dividend of $0.35 per share.

On June 15 the stock rating was downgraded from " to "Equal-Weight" in an announcement from Morgan Stanley.

Beck Capital Management Llc decreased Prospect Cap Corp (PSEC) stake by 50.18% reported in 2016Q4 SEC filing. Community Retail Bank Na has 200 shares for 0% of their portfolio. North Star Inv Management Corp reported 0.01% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). Grainger W W Inc now has $9.24 billion valuation. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.53% with $204.36 Million sitting short, betting on future declines. About 3.49M shares traded or 70.24% up from the average. Summer Infant, Inc. (SUMR) has risen 12.90% since August 21, 2016 and is uptrending. It has underperformed by 28.03% the S&P500.The move comes after 9 months negative chart setup for the $1.16 billion company.

Among 4 analysts covering Enbridge Energy Management LLC (NYSE:EEQ), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 11% are positive. Wolfe Research began coverage on shares of Enbridge Energy, L.P.in a research report on Friday, May 12th. The stock has "Hold" rating by RBC Capital Markets on Sunday, August 20. The company was downgraded on Thursday, April 28 by Deutsche Bank. RBC Capital Markets maintained it with "Sector Perform" rating and $31 target in Tuesday, November 3 report. The stock has "Sell" rating by National Securities on Wednesday, July 20.

Since January 1, 0001, it had 10 insider buys, and 0 sales for $1.11 million activity.

Shares of CIT Group Inc. On average, analysts forecast that Enbridge Energy, L.P. will post $0.83 earnings per share for the current year. PSEC's profit will be $71.97 million for 8.96 P/E if the $0.20 EPS becomes a reality. Novare Capital Management LLC now owns 133,150 shares of the pipeline company's stock valued at $2,130,000 after buying an additional 500 shares in the last quarter. In this case, shares are 0.7% higher from $14.28, the worst price in 52 weeks suffered on August 18, 2017, but are collecting gains at -19.79% for the past six months. Blackstone Gso Lng Shrt Cr I (BGX) was reduced too. Its down 0.11, from 1.35 in 2016Q3. 25 funds opened positions while 63 raised stakes. Argent reported 0.13% stake. Mackenzie Fincl Corporation stated it has 0.01% in Prospect Capital Corporation (NASDAQ:PSEC). Riverpoint Capital Mngmt Ltd Liability has invested 0.03% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). The fund owned 10,650 shares of the pipeline company's stock after selling 300 shares during the period.

Investors sentiment decreased to 0.96 in Q4 2016. It was reported on Aug, 21 by Barchart.com. Fifth Third Comml Bank holds 25,534 shares or 0.05% of its portfolio. The number of shares now owned by investors are 86.26 mln. Van Eck stated it has 1.48M shares or 0.06% of all its holdings. Dynamic Technology Lab Private Ltd now owns 33,087 shares with a value of $510,000. Nuance Ltd invested in 21,320 shares or 0.41% of the stock. Janney Montgomery Scott Limited Liability Com accumulated 0.02% or 45,848 shares.

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. The company has market cap of $589.95 million. The Company operates through two business segments: Liquids and Natural Gas.

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