The Enbridge Energy Partners, L.P. (NYSE:EEP) Receives $25.11 Consensus PT from Brokerages

The Enbridge Energy Partners, L.P. (NYSE:EEP) Receives $25.11 Consensus PT from Brokerages

Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $25.11.

Several analysts have issued reports on EEP shares. Goldman Sachs Group Inc. upgraded Enbridge Energy Partners, L.P. from a “sell” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $24.00 in a research note on Monday, September 19th. Mizuho started coverage on Enbridge Energy Partners, L.P. in a research note on Thursday, September 29th. They set a “buy” rating and a $29.00 price objective on the stock. FBR & Co started coverage on Enbridge Energy Partners, L.P. in a research note on Friday, September 9th. They set an “outperform” rating and a $31.00 price objective on the stock. Morgan Stanley set a $23.00 price objective on Enbridge Energy Partners, L.P. and gave the company a “sell” rating in a research note on Wednesday, August 3rd. Finally, Simmons upgraded Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $28.00 in a research note on Wednesday, September 7th.

A number of institutional investors have recently modified their holdings of EEP. Pacad Investment Ltd. acquired a new position in shares of Enbridge Energy Partners, L.P. during the second quarter worth about $104,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Enbridge Energy Partners, L.P. during the second quarter worth about $150,000. Barnett & Company Inc. acquired a new position in shares of Enbridge Energy Partners, L.P. during the first quarter worth about $120,000. FineMark National Bank & Trust raised its position in shares of Enbridge Energy Partners, L.P. by 12.1% in the second quarter. FineMark National Bank & Trust now owns 7,808 shares of the company’s stock worth $181,000 after buying an additional 844 shares during the period. Finally, Anchor Capital Advisors LLC acquired a new position in shares of Enbridge Energy Partners, L.P. during the second quarter worth about $206,000.

Shares of Enbridge Energy Partners, L.P. (NYSE:EEP) opened at 25.38 on Thursday. The stock has a market capitalization of $8.83 billion, a P/E ratio of 285.17 and a beta of 1.02. The company has a 50 day moving average price of $24.41 and a 200-day moving average price of $22.46. Enbridge Energy Partners, L.P. has a 1-year low of $14.27 and a 1-year high of $29.99.

Enbridge Energy Partners, L.P. (NYSE:EEP) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.13. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company earned $0.18 EPS. The company’s quarterly revenue was down 20.1% compared to the same quarter last year. On average, equities research analysts forecast that Enbridge Energy Partners, L.P. will post $0.74 EPS for the current fiscal year.

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