Enbridge Energy Management L.L.C. (EEQ) was Downgraded by Goldman to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Jul 20, 2016.
Enbridge Energy Management L.L.C. opened for trading at $22.93 and hit $23.6 on the upside on Monday, eventually ending the session at $23.44, with a gain of 1.60% or 0.37 points. The heightened volatility saw the trading volume jump to 3,01,661 shares. Company has a market cap of $1,779 M.
Enbridge Energy Management L.L.C. (Enbridge Management) is a limited partner of Enbridge Energy Partners L.P. (Partnership) through its ownership of i-units a special class of the Partnership’s limited partner interests. The Partnership 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 Enbridge Energy Company Inc. (General Partner) owns all of its voting shares and is an indirect wholly owned subsidiary of Enbridge Inc. which is an energy transportation and distribution company located in Calgary Alberta and Canada. The Company manages the business and affairs of the Partnership subject to the General Partner’s right to approve specified actions.