Active Stock Momentum: Enbridge Energy Partners, LP (EEP)

Joanna Estrada
February 7, 2018

The stock has a market capitalization of $1,180.14, a P/E ratio of -168.44 and a beta of 1.16. The institutional investor held 126,121 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $11.47 million, up from 121,836 at the end of the previous reported quarter. The stock decreased 1.83% or $0.24 during the last trading session, reaching $12.91. About 1.43 million shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since February 6, 2017 and is uptrending. It has underperformed by 28.03% the S&P500.

Enbridge Energy Partners, L.P. on 9/29/2017 reported its EPS as $0.14 with the analysts projecting the EPS of the stock as $0.1. In the past 3-month period alone, shares of EEP have appreciated -1.13 - or -7.58%. The institutional investor held 9,294 shares of the oil & gas production company at the end of 2017Q3, valued at $144,000, down from 97,088 at the end of the previous reported quarter. The Company operates through the Liquids business segment.

The stock increased 0.59% or GBX 2.8 during the last trading session, reaching GBX 475. The average 1-year price target for (EEP) reveals an average price target of $16.42 per share. The stock tapped a 52-week high of US$33.5 while the mean 12-month price target for the shares is US$35.27. It has underperformed by 0.46% the S&P500.

Virtu Financial Llc, which manages about $618.84M US Long portfolio, upped its stake in Proshares Tr (XPP) by 10,416 shares to 18,537 shares, valued at $1.37M in 2017Q3, according to the filing.

Investors sentiment decreased to 1.39 in Q3 2017. At present, 1 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 11 funds opened positions while 32 raised stakes. 136.85 million shares or 3.46% more from 132.27 million shares in 2017Q2 were reported. Investors of record on Wednesday, February 7th will be paid a dividend of $0.35 per share. Renaissance Techs Ltd Llc has 231,736 shares.

Shares of Enbridge Energy, L.P. (NYSE EEP) opened at 15.32 on Thursday. Rockefeller Financial Serv reported 0.03% stake. Legal & General Grp Public Ltd invested in 464 shares or 0% of the stock. Morgan Stanley stated it has 0.01% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). Maple Capital Management invested 0.06% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). Veritable Lp, a Pennsylvania-based fund reported 91,255 shares. First Republic Invest Mgmt has invested 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). 20,000 were accumulated by Accredited Invsts.

WARNING: "Enbridge Energy Management, L.L.C. (EEQ) Shares Sold by Lucas Capital Management" was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. PNC Financial Services Group Inc. lifted its holdings in Enbridge Energy Management by 1.9% in the second quarter. Therefore 100% are positive. Enbridge Energy Partners had 44 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, September 7 the stock rating was upgraded by iperJaffray to "Overweight". H.C. Wainwright maintained the stock with "Buy" rating in Friday, February 2 report. Alps Advisors Inc. raised its position in Enbridge Energy, 3.6% in the 2nd quarter. The firm has "Buy" rating given on Tuesday, November 1 by Ladenburg Thalmann. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) earned "Outperform" rating by FBR Capital on Friday, September 9.

The average 1-year price target for MannKind Corporation (MNKD) - averaging the work of different analysts - reveals a mean PT of $7/share. As per Monday, September 25, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of EEQ in report on Sunday, October 29 with "Hold" rating. The rating was reinitiated by JP Morgan with "Neutral" on Friday, June 23. Fort Point Capital Partners stated it has 17,000 shares or 0.02% of all its holdings.

Other large investors have also recently bought and sold shares of the company.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 88% are positive. The stock has "Sector Perform" rating by RBC Capital Markets on Thursday, February 18. As per Saturday, August 8, the company rating was upgraded by Zacks. Cantor Fitzgerald has "Hold" rating and GBX 285 target. The rating was downgraded by Robert W. Baird on Friday, October 20 to "Neutral". Finally, Barclays lowered their target price on shares of Enbridge Energy Partners from $21.00 to $16.00 and set an "equal weight" rating for the company in a report on Monday, November 20th. The stock has "Buy" rating by Berenberg on Thursday, February 9. RBC Capital Markets maintained it with "Hold" rating and $80.0 target in Friday, November 10 report. The rating was maintained by Canaccord Genuity on Monday, October 30 with "Buy". The Eagle Global Advisors Llc holds 1.30 million shares with $20.79 million value, down from 1.34 million last quarter. $339,077 worth of The Procter & Gamble Company (NYSE:PG) was sold by Pritchard Marc S. Shares for $154,168 were sold by Coombe Gary A. $115,695 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by Matthew Price. Bluefin Trading Lc reported 2,053 shares.

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