Enbridge Energy Management (EEQ) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Enbridge Energy Management (NYSE:EEQ) from a hold rating to a sell rating in a research report report published on Sunday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Enbridge Energy Management from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Tuesday, October 10th. Royal Bank of Canada reissued a hold rating and issued a $21.00 target price on shares of Enbridge Energy Management in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Enbridge Energy Management has an average rating of Hold and an average target price of $19.33.

Enbridge Energy Management (NYSE:EEQ) traded up $0.56 during midday trading on Friday, reaching $13.95. 552,900 shares of the company were exchanged, compared to its average volume of 588,750. The company has a market capitalization of $1,201.68, a PE ratio of -178.69 and a beta of 1.20. Enbridge Energy Management has a twelve month low of $12.03 and a twelve month high of $26.53.

A number of hedge funds and other institutional investors have recently bought and sold shares of EEQ. Cedar Wealth Management LLC bought a new stake in Enbridge Energy Management in the third quarter valued at about $104,000. Saratoga Research & Investment Management acquired a new position in Enbridge Energy Management in the third quarter valued at about $104,000. Quantbot Technologies LP acquired a new position in Enbridge Energy Management in the second quarter valued at about $113,000. Great West Life Assurance Co. Can boosted its position in Enbridge Energy Management by 2.0% in the second quarter. Great West Life Assurance Co. Can now owns 8,936 shares of the oil and gas producer’s stock valued at $137,000 after buying an additional 171 shares in the last quarter. Finally, M&T Bank Corp boosted its position in Enbridge Energy Management by 1.9% in the second quarter. M&T Bank Corp now owns 10,555 shares of the oil and gas producer’s stock valued at $163,000 after buying an additional 201 shares in the last quarter. 74.57% of the stock is currently owned by institutional investors and hedge funds.

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About Enbridge Energy Management

To view ValuEngine’s full report, visit ValuEngine’s official website.

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