Enbridge Energy Partners L.P. (EEP) : Tiedemann Trust Co reduced its stake in Enbridge Energy Partners L.P. by 17.04% during the most recent quarter end. The investment management company now holds a total of 929,364 shares of Enbridge Energy Partners L.P. which is valued at $22,899,529 after selling 190,943 shares in Enbridge Energy Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Enbridge Energy Partners L.P. makes up approximately 4.34% of Tiedemann Trust Co’s portfolio.
Other Hedge Funds, Including , O’shaughnessy Asset Management sold out all of its stake in EEP during the most recent quarter. The investment firm sold 240 shares of EEP which is valued $5,914.Whittier Trust Co reduced its stake in EEP by selling 4,040 shares or 31.61% in the most recent quarter. The Hedge Fund company now holds 8,740 shares of EEP which is valued at $204,166. Enbridge Energy Partners L.P. makes up approx 0.01% of Whittier Trust Co’s portfolio. Donald L. Hagan sold out all of its stake in EEP during the most recent quarter. The investment firm sold 800 shares of EEP which is valued $19,800.
Enbridge Energy Partners L.P. closed down -0.29 points or -1.23% at $23.38 with 6,32,144 shares getting traded on Monday. Post opening the session at $23.65, the shares hit an intraday low of $23.38 and an intraday high of $23.709 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Enbridge Energy Partners L.P. reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.12. The company had revenue of $1048.90 million for the quarter, compared to analysts expectations of $1067.17 million. The company’s revenue was down -20.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Enbridge Energy Partners L.P.. Enbridge Energy Partners L.P. was Upgraded by Credit Suisse to ” Outperform” on Aug 1, 2016. Enbridge Energy Partners L.P. was Downgraded by Goldman to ” Sell” on Jul 20, 2016.
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.