Enbridge Energy Partners L.P. (EEP) : Jnba Financial Advisors scooped up 400 additional shares in Enbridge Energy Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 12,323 shares of Enbridge Energy Partners L.P. which is valued at $267,532.Enbridge Energy Partners L.P. makes up approximately 0.09% of Jnba Financial Advisors’s portfolio.
Enbridge Energy Partners L.P. opened for trading at $21.81 and hit $22.47 on the upside on Wednesday, eventually ending the session at $22.22, with a gain of 2.87% or 0.62 points. The heightened volatility saw the trading volume jump to 9,46,807 shares. Company has a market cap of $9,500 M.
Other Hedge Funds, Including , Bridges Investment Management Inc reduced its stake in EEP by selling 4,050 shares or 11.86% in the most recent quarter. The Hedge Fund company now holds 30,110 shares of EEP which is valued at $653,688. Enbridge Energy Partners L.P. makes up approx 0.11% of Bridges Investment Management Inc’s portfolio.Winslow Evans Crocker boosted its stake in EEP in the latest quarter, The investment management firm added 9,750 additional shares and now holds a total of 28,460 shares of Enbridge Energy Partners L.P. which is valued at $617,867. Enbridge Energy Partners L.P. makes up approx 0.18% of Winslow Evans Crocker’s portfolio. Private Trust Co Na sold out all of its stake in EEP during the most recent quarter. The investment firm sold 9,997 shares of EEP which is valued $217,035.Kistler-tiffany Companies reduced its stake in EEP by selling 328 shares or 54.39% in the most recent quarter. The Hedge Fund company now holds 275 shares of EEP which is valued at $4,890.
On the company’s financial health, Enbridge Energy Partners L.P. reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 16, 2016. Analyst had a consensus of $0.21. The company had revenue of $1136.70 million for the quarter, compared to analysts expectations of $1405.81 million. The company’s revenue was down -45.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Enbridge Energy Partners L.P.. Enbridge Energy Partners L.P. was Initiated by Morgan Stanley to “Underweight” on Feb 25, 2016. Shares were Reiterated by Barclays on Feb 18, 2016 to “Equal Weight” and Lowered the Price Target to $ 21 from a previous price target of $25 .
Enbridge Energy Partners L.P. (the Partnership) 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 of America. 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. It operates in two segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead North Dakota and Mid-Continent crude oil systems. The natural gas business includes natural gas and NGL gathering and transportation pipeline systems natural gas processing and treating facilities and NGL fractionation facilities.