Zacks Investment Research upgraded shares of Enbridge Energy Management (NYSE:EEQ) from a hold rating to a buy rating in a report released on Wednesday, January 3rd. They currently have $16.00 price objective on the oil and gas producer’s stock.

According to Zacks, “Enbridge Energy Management is a Delaware limited liability company. They manage and control the business and affairs of Enbridge Partners. They have no assets or operations other than those related to their interest in Enbridge Partners. “

A number of other brokerages also recently commented on EEQ. Royal Bank of Canada restated a hold rating and set a $21.00 price objective on shares of Enbridge Energy Management in a research report on Wednesday, September 27th. ValuEngine cut shares of Enbridge Energy Management from a hold rating to a sell rating in a research note on Sunday, December 31st. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. Enbridge Energy Management has a consensus rating of Sell and an average price target of $17.50.

Shares of Enbridge Energy Management (EEQ) opened at $14.19 on Wednesday. Enbridge Energy Management has a 12-month low of $12.03 and a 12-month high of $19.32.

A number of hedge funds and other institutional investors have recently modified their holdings of EEQ. Great West Life Assurance Co. Can grew its stake in Enbridge Energy Management by 2.0% in the 2nd 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 acquiring an additional 171 shares during the last quarter. Beach Investment Management LLC. acquired a new stake in Enbridge Energy Management in the 2nd quarter valued at about $856,000. First Trust Advisors LP grew its stake in Enbridge Energy Management by 422.1% in the 2nd quarter. First Trust Advisors LP now owns 66,009 shares of the oil and gas producer’s stock valued at $1,017,000 after acquiring an additional 53,365 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in Enbridge Energy Management by 1.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 12,659 shares of the oil and gas producer’s stock valued at $195,000 after acquiring an additional 241 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Enbridge Energy Management by 1.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,850 shares of the oil and gas producer’s stock valued at $1,462,000 after purchasing an additional 1,814 shares in the last quarter. 75.22% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Enbridge Energy Management (NYSE:EEQ) Upgraded by Zacks Investment Research to “Buy”” was posted by Marea Informative and is the sole property of of Marea Informative. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.mareainformativa.com/2018/01/30/zacks-investment-research-upgrades-enbridge-energy-management-eeq-to-buy-updated-updated-updated.html.

About Enbridge Energy Management

Enbridge Energy Management, LLC is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Company owns i-units, a special class of the Partnership’s limited partner interests. The Company manages the business of the Partnership. The Partnership owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States.

Get a free copy of the Zacks research report on Enbridge Energy Management (EEQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Enbridge Energy Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Energy Management and related companies with MarketBeat.com's FREE daily email newsletter.