Enbridge Energy, Limited Partnership (EEP) PT Lowered to $11.00


Enbridge Energy, Limited Partnership (NYSE:EEP) had its target price lowered by Barclays from $16.00 to $11.00 in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage currently has an equal weight rating on the pipeline company’s stock.


Several other research firms also recently commented on EEP. Zacks Investment Research downgraded shares of Enbridge Energy, Limited Partnership from a hold rating to a sell rating in a research report on Tuesday, January 16th. Bank of America began coverage on Enbridge Energy, Limited Partnership in a research report on Tuesday, January 9th. They issued an underperform rating on the stock. Morgan Stanley downgraded Enbridge Energy, Limited Partnership from an equal weight rating to an underweight rating and set a $17.00 price target on the stock. in a research report on Thursday, January 11th. JPMorgan Chase reaffirmed a neutral rating and issued a $15.00 price target (down from $16.00) on shares of Enbridge Energy, Limited Partnership in a research report on Tuesday, March 13th. Finally, UBS reaffirmed a buy rating and issued a $14.00 price target (down from $16.50) on shares of Enbridge Energy, Limited Partnership in a research report on Friday, March 2nd. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $13.45.


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Enbridge Energy, Limited Partnership stock opened at $10.52 on Tuesday. 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 cap of $3,470.88, a price-to-earnings ratio of 13.29 and a beta of 1.32. Enbridge Energy, Limited Partnership has a one year low of $9.05 and a one year high of $19.47.


Enbridge Energy, Limited Partnership (NYSE:EEP) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The firm had revenue of $610.00 million for the quarter. Enbridge Energy, Limited Partnership had a net margin of 9.12% and a return on equity of 5.68%. sell-side analysts predict that Enbridge Energy, Limited Partnership will post 0.63 EPS for the current fiscal year.


Several large investors have recently modified their holdings of the company. Green Square Capital LLC grew its position in shares of Enbridge Energy, Limited Partnership by 7.1% in the fourth quarter. Green Square Capital LLC now owns 119,248 shares of the pipeline company’s stock valued at $1,647,000 after purchasing an additional 7,940 shares during the last quarter. OTA Financial Group L.P. grew its position in Enbridge Energy, Limited Partnership by 145.8% during the fourth quarter. OTA Financial Group L.P. now owns 89,803 shares of the pipeline company’s stock worth $1,240,000 after buying an additional 53,267 shares in the last quarter. Yorkville Capital Management LLC acquired a new stake in Enbridge Energy, Limited Partnership during the fourth quarter worth about $280,000. Brookfield Asset Management Inc. grew its position in Enbridge Energy, Limited Partnership by 87.6% during the fourth quarter. Brookfield Asset Management Inc. now owns 3,855,987 shares of the pipeline company’s stock worth $53,251,000 after buying an additional 1,800,054 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in Enbridge Energy, Limited Partnership by 20.9% during the fourth quarter. Glenmede Trust Co. NA now owns 115,920 shares of the pipeline company’s stock worth $1,600,000 after buying an additional 20,052 shares in the last quarter. 45.01% of the stock is currently owned by institutional investors.


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Enbridge Energy, Limited Partnership Company Profile

Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services assets in the United States. The company's Lakehead system consists of approximately 4,212 miles of pipe and 74 pump stations located in the Great Lakes and Midwest regions of the United States.

Analyst Recommendations for Enbridge Energy, Limited Partnership (NYSE:<b><a href=EEP)' title='Analyst Recommendations for Enbridge Energy, Limited Partnership (NYSE:EEP)' />

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