Enbridge Energy Management LLC (EEQ) has risen sharply, recording gains of 3.66% in the past 4 weeks. However, the stock has corrected -3.71% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.9% and the fifty day Moving Average is 1.34%. Enbridge Energy Management LLC is up 8.75% in the last three month period. Year-to-Date the stock performance stands at 8.36%.
Enbridge Energy Management LLC (EEQ) : The most positive equity analysts on Enbridge Energy Management LLC (EEQ) expects the shares to touch $26, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $21.57 with an expected fluctuation of $3.66 from the mean.
Enbridge Energy Management LLC (NYSE:EEQ): stock turned positive on Friday. Though the stock opened at $23.51, the bulls momentum made the stock top out at $23.6 level for the day. The stock recorded a low of $23.17 and closed the trading day at $23.36, in the green by 0.04%. The total traded volume for the day was 201,090. The stock had closed at $23.35 in the previous days trading.
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 Partnerships 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 Partners right to approve specified actions.