Enbridge Energy L.P. (EEP) stock had a bullish inflow of $4.02 million worth of trades on uptick and an outflow of $1.57 million in downticks on Tuesday. The total uptick to downtick ratio stood at 2.55. The net money flow into the stock was $2.45 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.21 million. $2.21 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Enbridge Energy L.P. (EEP) stock traded down $0.23 , and reached $23.15, a drop of -0.98% over the previous day. On a weekly basis, the stock is -2.2%, over the previous weeks close.
Also, Brokerage firm Credit Suisse upgrades its rating on Enbridge Energy L.P. (NYSE:EEP). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 1, 2016.
Enbridge Energy Partners, L.P. has dropped 6.09% in the last five trading days, however, the shares have posted positive gains of 3.42% in the last 4 weeks. Enbridge Energy Partners, L.P. is up 7.18% in the last 3-month period. Year-to-Date the stock performance stands at 8.67%.
Enbridge Energy L.P. (NYSE:EEP): The stock opened at $23.42 on Tuesday but the bulls could not build on the opening and the stock topped out at $23.62 for the day. The stock traded down to $22.93 during the day, due to lack of any buying support eventually closed down at $22.97 with a loss of -1.75% for the day. The stock had closed at $23.38 on the previous day. The total traded volume was 1,486,855 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Vice President – Finance) of Enbridge Energy Partners Lp, Neyland Stephen J had purchased shares worth of $23,976 in a transaction dated on December 17, 2015. A total of 1,200 shares were purchased at a price of $19.98 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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 Companys 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.