Bank of America Begins Coverage on Enbridge Energy Management (EEQ)

Jeannie Matthews
January 14, 2018

Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). MI ADV grew its position in Enbridge Energy Partners by 297.0% during the third quarter. RBC Capital Markets maintained Enbridge Energy Management, L.L.C. (NYSE:EEQ) rating on Thursday, February 18. As per Friday, September 30, the company rating was initiated by Mizuho. As per Tuesday, March 21, the company rating was maintained by Raymond James. The firm has "Outperform" rating given on Monday, December 21 by Credit Suisse. The rating was upgraded by Scotia Capital on Friday, February 24 to "Outperform". The rating was downgraded by Morgan Stanley to "Sell" on Thursday, January 11. The rating was maintained by RBC Capital Markets on Sunday, October 29 with "Hold". Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 18.43% since January 13, 2017 and is downtrending. EEP's profit will be $88.60 million for 18.11 P/E if the $0.21 EPS becomes a reality. The firm's revenue was down 2.9% on a year-over-year basis. sell-side analysts forecast that Enbridge Energy Partners, L.P. will post 0.71 EPS for the current year. 2,343,994 shares of the company's stock traded hands. The overall volume in the last trading session was 1.68 million shares. It has underperformed by 21.16% the S&P500.

Investors who are keeping close eye on the stock of Equity Residential (NYSE:EQR) established that the company was able to keep return on investment at 4.17 in the trailing twelve month while Reuters data showed that industry's average stands at 3.07 and sector's optimum level is 0.41. Its down 0.25, from 1.07 in 2017Q2. It fall, as 20 investors sold EEQ shares while 35 reduced holdings. 17 funds opened positions while 59 raised stakes. Kayne Anderson Cap Lp reported 9.86 million shares or 1.95% of all its holdings. Old Second Savings Bank Of Aurora holds 200 shares. Bessemer Gru reported 34,157 shares stake. Citadel Limited Liability Corporation owns 0.01% invested in Enbridge Energy Management, L.L.C. (NYSE:EEQ) for 550,646 shares. New York-based Spirit Of America Mngmt Corporation New York has invested 0.3% in Enbridge Energy Partners, L.P. (NYSE:EEP).

Analysts are also projecting an Average Revenue Estimate for Enbridge Energy Management LLC as $616100 in the Current Quarter. Maple Capital Mgmt Incorporated reported 13,183 shares. Argent Tru stated it has 17,908 shares. Pnc Financial Svcs Gp has 143,385 shares. Aspen Management Incorporated has 1.08% invested in General Electric Company (NYSE:GE) for 60,061 shares. Renaissance Technology Lc holds 0% or 155,600 shares in its portfolio. 37,711 are owned by Invesco Ltd.

Cushing Asset Management Lp increased Enbridge Energy Partners LP (EEP) stake by 67.48% reported in 2017Q3 SEC filing. Therefore 25% are positive. Enbridge Energy, L.P.'s payout ratio is -179.23%. Finally, Wagner Bowman Management Corp bought a new position in shares of Enbridge Energy, L.P. during the third quarter valued at approximately $211,000. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Thursday, June 15. Piper Jaffray reinitiated the stock with "Neutral" rating in Friday, April 1 report. The brokerage issued an underperform rating and a $14.00 price objective on the oil and gas producer's stock. The firm has "Sell" rating given on Wednesday, July 20 by Goldman Sachs.

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Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets; and natural gas assets in the United States. It operates through two divisions, Liquids and Natural Gas. The stock increased 0.94% or $0.6499 during the last trading session, reaching $69.6199. About 613,329 shares traded or 7.34% up from the average. Stantec Inc. (TSE:STN) has 0.00% since January 13, 2017 and is. It has underperformed by 7.14% the S&P500. The company has a market capitalization of $1,272.58, a PE ratio of -182.78 and a beta of 1.20. It operates through four divisions: Consulting Services Â- Canada, Consulting Services Â- United States, Consulting Services Â- Global, and Construction Services. The firm provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental services, project management, and project economics; and construction management services.

Investors sentiment decreased to 1.29 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. 20,516 are held by Westwood Holding Group Inc Inc. Point72 Asset Mngmt LP accumulated 2,200 shares. Tower Rech (Trc) accumulated 12,387 shares or 0.04% of the stock. Next Financial Grp Inc has invested 0.01% in SkyWest, Inc. (TSE:STN). Assetmark holds 0% or 783 shares in its portfolio.

Gamble Jones Investment Counsel, which manages about $1.24B and $977.04M US Long portfolio, upped its stake in Vanguard Bd Index Fd Inc (BND) by 11,979 shares to 91,407 shares, valued at $7.49M in 2017Q3, according to the filing. During the same quarter past year, the firm posted $0.09 earnings per share. (TSE:STN). Manufacturers Life The owns 1.44M shares for 0.05% of their portfolio. 163 were reported by Toronto Dominion Bank & Trust. Morgan Stanley has invested 0% in Stantec Inc.

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