Enbridge Energy Partners (EEP) Lowered to Sell at Zacks Investment Research

Jeannie Matthews
March 15, 2018

The institutional investor held 227,008 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.97M, up from 91,683 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Enbridge Energy Management L for a number of months, seems to be less bullish one the $1.12 billion market cap company. The stock decreased 0.59% or $0.61 during the last trading session, reaching $101.97. About 497,644 shares traded. UBS Group restated a buy rating and set a $14.00 target price (down from $16.50) on shares of Enbridge Energy Partners in a report on Friday, March 2nd. It has underperformed by 35.13% the S&P500.

Highland Capital Management Llc decreased its stake in Graphic Packaging Holding Co (GPK) by 15.83% based on its latest 2017Q3 regulatory filing with the SEC. M Holdings Securities Inc sold 4,431 shares as the company's stock declined 8.05% while stock markets rallied. The company has market cap of $117.12 million. Maple Brown Abbott Ltd now owns 3,011,748 shares of the pipeline company's stock worth $41,592,000 after acquiring an additional 1,299,817 shares in the last quarter. About 253,062 shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since March 14, 2017 and is uptrending. It has underperformed by 28.03% the S&P500. Enbridge Energy Partners had a return on equity of 5.68% and a net margin of 9.12%. equities analysts anticipate that Enbridge Energy Partners, L.P. will post 0.74 earnings per share for the current fiscal year. They expect $0.17 earnings per share, up 6.25% or $0.01 from last year's $0.16 per share. California Public Employees Retirement System owned 0.17% of Enbridge Energy Partners worth $7,487,000 at the end of the most recent quarter. Pnc has 0% invested in Kraton Corporation (NYSE:KRA). Its up 0.12, from 0.83 in 2017Q2. It fall, as 21 investors sold EEP shares while 72 reduced holdings. 17 funds opened positions while 59 raised stakes. Wells Fargo & Company MN boosted its holdings in Enbridge Energy Partners by 12.9% in the third quarter. Hudock Capital Grp Ltd Llc holds 3,300 shares. Park Circle, Maryland-based fund reported 10,000 shares.

Enbridge Energy Partners (NYSE EEP) opened at $13.12 on Monday. Hightower Advsrs Limited Liability Corporation invested in 57,580 shares. Jackson Square Partners Ltd Liability Corporation reported 3.43 million shares. Benjamin F Edwards & holds 0.01% or 3,115 shares in its portfolio. Spirit Of America Corporation New York holds 0.3% or 179,592 shares. Brown Brothers Harriman & holds 125 shares. Wespac Advsrs Ltd Liability Company has 62,110 shares for 0.59% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in Enbridge Energy Management, L.L.C. (NYSE:EEQ). First Trust Advisors LP now owns 168,700 shares of the pipeline company's stock worth $2,696,000 after buying an additional 44,400 shares in the last quarter. Therefore 37% are positive. Finally, Barclays dropped 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 rating was downgraded by Morgan Stanley on Thursday, January 11 to "Sell". RBC Capital Markets maintained Enbridge Energy Management, L.L.C. (NYSE:EEQ) rating on Sunday, August 20. The rating was reinitiated by JP Morgan with "Neutral" on Friday, June 23. The company was downgraded on Thursday, January 4 by Bank of America. Credit Suisse has "Outperform" rating and $24 target. The firm earned "Buy" rating on Saturday, August 29 by Vetr. On Friday, April 7 the stock rating was maintained by Credit Suisse with "Neutral". Robert W. Baird maintained it with "Hold" rating and $21.0 target in Monday, October 9 report. The firm has "Neutral" rating by Macquarie Research given on Tuesday, November 10. The stock has "Sell" rating by Goldman Sachs on Thursday, December 10. The stock has "Buy" rating by Jefferies on Monday, September 11.

Harvest Fund Advisors Llc, which manages about $5.20B and $9.64 billion US Long portfolio, upped its stake in Williams Partners LP New (ACMP) by 4.44 million shares to 18.10M shares, valued at $704.18M in 2017Q3, according to the filing.

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The company provided EPS guidance of $9.27-9.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.93. Moreover, Evercore Na has 1.24% invested in Dillard's, Inc. (NYSE:PG) stake by 13,190 shares and now owns 2.97 million shares.

Analysts await Gilead Sciences, Inc. GILD's profit will be $2.08 billion for 12.77 P/E if the $1.59 EPS becomes a reality. After $1.60 actual earnings per share reported by Gilead Sciences, Inc. for the previous quarter, Wall Street now forecasts -0.63% negative EPS growth. The insider Simmons James Leo sold 6,950 shares worth $329,360. Meyers James R also sold $8.02 million worth of Gilead Sciences, Inc.

Investors sentiment increased to 1.54 in 2017 Q3. Its down 0.09, from 0.88 in 2017Q2. It turned negative, as 21 investors sold MRC shares while 56 reduced holdings. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Kings Point Mngmt invested in 931 shares.

Fic Cap Incorporated owns 20,510 shares. (NASDAQ:FB). Tesuji Prtnrs Ltd invested in 8.73% or 525,000 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt stated it has 106,207 shares. Smithfield Tru invested 0% in Enbridge Energy Partners, L.P. (NYSE:EEP). Susquehanna Group Llp has 5.44 million shares. Barrow Hanley Mewhinney & Strauss Llc bought 135,325 shares as the company's stock declined 1.90% while stock markets rallied. Gilman Hill Asset Mgmt Limited Liability Company holds 0.26% in Enbridge Energy Management, L.L.C. (NYSE:EEQ) or 40,694 shares. (NASDAQ:FB) for 293,885 shares. Moreover, Us Natl Bank De has 0% invested in Monroe Capital Corporation (NASDAQ:MRCC) for 650 shares. Northern Corp invested 0.01% in MRC Global Inc. (NASDAQ:FB). Moreover, Dupont Capital Corp has 1.14% invested in Facebook, Inc. Robeco Institutional Asset Mgmt Bv reported 0.93% of its portfolio in Facebook, Inc. (NASDAQ:GILD) for 94,684 shares. Sol Management Com invested in 0.25% or 10,770 shares.

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