Today, Homrich & Berg Reached $311,000 position of Enbridge Energy Management, L.L.C. (EEQ)

Today, Homrich & Berg Reached $311,000 position  of Enbridge Energy Management, L.L.C. (EEQ)
Homrich & Berg increased its stake in shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 12,224 shares of the company’s stock after buying an additional 304 shares during the period. Homrich & Berg’s holdings in Enbridge Energy Management, L.L.C. were worth $311,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EEQ. BB&T Corp boosted its stake in Enbridge Energy Management, L.L.C. by 1.5% in the third quarter. BB&T Corp now owns 12,776 shares of the company’s stock valued at $325,000 after buying an additional 190 shares during the period. Great West Life Assurance Co. Can boosted its stake in Enbridge Energy Management, L.L.C. by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 8,349 shares of the company’s stock valued at $212,000 after buying an additional 209 shares during the period. M&T Bank Corp boosted its stake in Enbridge Energy Management, L.L.C. by 1.9% in the third quarter. M&T Bank Corp now owns 11,593 shares of the company’s stock valued at $295,000 after buying an additional 217 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Enbridge Energy Management, L.L.C. by 2.5% in the third quarter. Virginia Retirement Systems ET AL now owns 9,550 shares of the company’s stock valued at $243,000 after buying an additional 237 shares during the period. Finally, Buckingham Asset Management LLC boosted its stake in Enbridge Energy Management, L.L.C. by 2.6% in the third quarter. Buckingham Asset Management LLC now owns 9,923 shares of the company’s stock valued at $252,000 after buying an additional 247 shares during the period.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down 1.39% on Friday, reaching $24.17. The company had a trading volume of 36,596 shares. Enbridge Energy Management, L.L.C. has a 52 week low of $13.49 and a 52 week high of $25.60. The company’s market capitalization is $1.98 billion. The stock’s 50-day moving average is $24.06 and its 200-day moving average is $22.90.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a dividend of $0.583 per share. The ex-dividend date was Thursday, November 3rd. This represents a $2.33 annualized dividend and a yield of 9.51%.

EEQ has been the subject of several research analyst reports. Mizuho reiterated a “buy” rating and issued a $29.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Saturday, October 1st. FBR & Co reiterated an “outperform” rating and issued a $31.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Friday, September 9th. Simmons upgraded Enbridge Energy Management, L.L.C. from a “neutral” rating to an “overweight” rating in a report on Thursday, September 8th. Piper Jaffray Cos. upgraded Enbridge Energy Management, L.L.C. from a “neutral” rating to an “overweight” rating in a report on Wednesday, September 7th. Finally, Ladenburg Thalmann reiterated a “buy” rating and issued a $27.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.80.

About Enbridge Energy Management, L.L.C.

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