Enbridge Energy Partners L.P. (EEP) : Virtus Etf Advisers added new position in Enbridge Energy Partners L.P. during the most recent quarter end. The investment management firm now holds 85,110 shares of Enbridge Energy Partners L.P. which is valued at $2,097,110 , the company said in a statement filed on Aug 15, 2016 with the SEC.Enbridge Energy Partners L.P. makes up approximately 2.40% of Virtus Etf Advisers’s portfolio.
Other Hedge Funds, Including , First Allied Advisory Services reduced its stake in EEP by selling 575 shares or 3.38% in the most recent quarter. The Hedge Fund company now holds 16,427 shares of EEP which is valued at $404,761. Enbridge Energy Partners L.P. makes up approx 0.02% of First Allied Advisory Services’s portfolio.Linscomb Williams reduced its stake in EEP by selling 1,719 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 14,649 shares of EEP which is valued at $345,570. Enbridge Energy Partners L.P. makes up approx 0.03% of Linscomb Williams’s portfolio.Sippican Capital Advisors boosted its stake in EEP in the latest quarter, The investment management firm added 3,330 additional shares and now holds a total of 26,729 shares of Enbridge Energy Partners L.P. which is valued at $609,956. Enbridge Energy Partners L.P. makes up approx 0.70% of Sippican Capital Advisors’s portfolio.Rothschild Investment Corp Il reduced its stake in EEP by selling 3,250 shares or 4.58% in the most recent quarter. The Hedge Fund company now holds 67,750 shares of EEP which is valued at $1,676,813. Enbridge Energy Partners L.P. makes up approx 0.21% of Rothschild Investment Corp Il’s portfolio. Cypress Asset Management Inctx added EEP to its portfolio by purchasing 9,125 company shares during the most recent quarter which is valued at $226,665. Enbridge Energy Partners L.P. makes up approx 0.04% of Cypress Asset Management Inctx’s portfolio.
Enbridge Energy Partners L.P. opened for trading at $23.2 and hit $23.41 on the upside on Thursday, eventually ending the session at $23.38, with a gain of 0.52% or 0.12 points. The heightened volatility saw the trading volume jump to 6,31,149 shares. Company has a market cap of $10,106 M.
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 Piper Jaffray to ” Overweight” on Sep 7, 2016. Enbridge Energy Partners L.P. was Upgraded by Simmons to ” Overweight” on Sep 7, 2016. Enbridge Energy Partners L.P. was Upgraded by Credit Suisse to ” Outperform” on Aug 1, 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.