The Macquarie Group Ltd. Reached $19,163,000 position of Enbridge Energy Management, L.L.C. (EEQ)

The Macquarie Group Ltd. Reached $19,163,000 position  of Enbridge Energy Management, L.L.C. (EEQ)

Macquarie Group Ltd. raised its position in Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 9.1% during the second quarter, Holdings Channel reports. The firm owned 832,784 shares of the company’s stock after buying an additional 69,309 shares during the period. Macquarie Group Ltd.’s holdings in Enbridge Energy Management, L.L.C. were worth $19,163,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of EEQ. Quantbot Technologies LP increased its stake in Enbridge Energy Management, L.L.C. by 135.1% in the second quarter. Quantbot Technologies LP now owns 4,512 shares of the company’s stock worth $103,000 after buying an additional 2,593 shares during the period. Teacher Retirement System of Texas increased its stake in Enbridge Energy Management, L.L.C. by 25.0% in the second quarter. Teacher Retirement System of Texas now owns 8,711 shares of the company’s stock worth $200,000 after buying an additional 1,743 shares during the period. FDx Advisors Inc. acquired a new stake in Enbridge Energy Management, L.L.C. during the second quarter worth $206,000. Virginia Retirement Systems ET AL acquired a new stake in Enbridge Energy Management, L.L.C. during the second quarter worth $214,000. Finally, Buckingham Asset Management LLC acquired a new stake in Enbridge Energy Management, L.L.C. during the second quarter worth $223,000.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded down 1.22% on Friday, hitting $24.21. 48,120 shares of the stock traded hands. The stock has a 50-day moving average price of $24.04 and a 200 day moving average price of $22.94. The company’s market cap is $1.98 billion. Enbridge Energy Management, L.L.C. has a 1-year low of $13.49 and a 1-year high of $25.60.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were issued a $0.583 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.33 dividend on an annualized basis and a yield of 9.63%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Enbridge Energy Management, L.L.C. from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a research note on Monday, August 1st. Credit Suisse Group AG raised shares of Enbridge Energy Management, L.L.C. from a “neutral” rating to an “outperform” rating in a research note on Monday, August 1st. FBR & Co reissued an “outperform” rating and set a $31.00 price target on shares of Enbridge Energy Management, L.L.C. in a research note on Friday, September 9th. Ladenburg Thalmann restated a “buy” rating and set a $27.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Tuesday, November 1st. Finally, Mizuho restated a “buy” rating and set a $29.00 price objective on shares of Enbridge Energy Management, L.L.C. in a report on Saturday, October 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.80.

Enbridge Energy Management, L.L.C. Company Profile

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