Today, Adams Asset Advisors LLC Sold shares of Enbridge Energy Partners, L.P. (EEP)

Today, Adams Asset Advisors LLC Sold shares of Enbridge Energy Partners, L.P. (EEP)

Adams Asset Advisors LLC lowered its position in shares of Enbridge Energy Partners, L.P. (NYSE:EEP) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 119,792 shares of the company’s stock after selling 1,123 shares during the period. Adams Asset Advisors LLC’s holdings in Enbridge Energy Partners, L.P. were worth $3,046,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pacad Investment Ltd. bought a new position in shares of Enbridge Energy Partners, L.P. during the second quarter worth approximately $104,000. Barnett & Company Inc. bought a new position in shares of Enbridge Energy Partners, L.P. during the first quarter worth approximately $120,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Enbridge Energy Partners, L.P. during the second quarter worth approximately $150,000. FineMark National Bank & Trust boosted 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, Baker Boyer National Bank bought a new position in shares of Enbridge Energy Partners, L.P. during the third quarter worth approximately $203,000.

Enbridge Energy Partners, L.P. (NYSE:EEP) traded down 1.82% during midday trading on Monday, hitting $23.68. The company had a trading volume of 910,385 shares. The company’s market capitalization is $8.29 billion. Enbridge Energy Partners, L.P. has a 52 week low of $14.27 and a 52 week high of $26.37. The stock has a 50 day moving average price of $24.32 and a 200 day moving average price of $23.69.

Enbridge Energy Partners, L.P. (NYSE:EEP) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.10. The company earned $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. Equities analysts forecast that Enbridge Energy Partners, L.P. will post $0.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were paid a dividend of $0.583 per share. This represents a $2.33 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date was Thursday, November 3rd.

EEP has been the topic of a number of analyst reports. Goldman Sachs Group Inc. raised Enbridge Energy Partners, L.P. from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $20.00 to $24.00 in a research note on Monday, September 19th. Mizuho initiated coverage on Enbridge Energy Partners, L.P. in a research note on Thursday, September 29th. They issued a “buy” rating and a $29.00 price target on the stock. FBR & Co initiated coverage on Enbridge Energy Partners, L.P. in a research note on Friday, September 9th. They issued an “outperform” rating and a $31.00 price target on the stock. Morgan Stanley set a $23.00 price target on Enbridge Energy Partners, L.P. and gave the stock a “sell” rating in a research note on Wednesday, August 3rd. Finally, Simmons raised Enbridge Energy Partners, L.P. from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $28.00 in a research note on Wednesday, September 7th. One research 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. The company currently has an average rating of “Hold” and a consensus price target of $25.36.

Enbridge Energy Partners, L.P. Company Profile

Enbridge Energy Partners, L.P. is a limited partnership that 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. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs.

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