Stock Mover of the Day: Institutional Investors Sentiment Indicator of Enbridge Energy Partners LP (NYSE:EEP) Improves in Q2 2016

November 30, 2016 - By Ellis Scott   ·   0 Comments

Stock Mover of the Day: Institutional Investors Sentiment Indicator of Enbridge Energy Partners LP (NYSE:EEP)  Improves in  Q2 2016

Sentiment for Enbridge Energy Partners LP (NYSE:EEP)

Enbridge Energy Partners LP (NYSE:EEP) institutional sentiment increased to 1.15 in Q2 2016. Its up 0.33, from 0.82 in 2016Q1. The ratio is positive, as 93 institutional investors started new and increased stock positions, while 114 sold and reduced their stakes in Enbridge Energy Partners LP. The institutional investors in our partner’s database now own: 129.88 million shares, down from 136.33 million shares in 2016Q1. Also, the number of institutional investors holding Enbridge Energy Partners LP in their top 10 stock positions increased from 5 to 7 for an increase of 2. Sold All: 28 Reduced: 86 Increased: 64 New Position: 29.

Enbridge Energy Partners, L.P. 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. The company has a market cap of $8.05 billion. 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 , through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. It currently has negative earnings. The Firm operates in two business divisions: Liquids and Natural Gas.

The stock decreased 1.10% or $0.26 during the last trading session, hitting $23.42. Enbridge Energy Partners, L.P. (NYSE:EEP) has risen 5.40% since April 27, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.

Analysts await Enbridge Energy Partners, L.P. (NYSE:EEP) to report earnings on February, 21. They expect $0.15 EPS, up 36.36% or $0.04 from last year’s $0.11 per share. EEP’s profit will be $51.56 million for 39.03 P/E if the $0.15 EPS becomes a reality. After $0.09 actual EPS reported by Enbridge Energy Partners, L.P. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

According to Zacks Investment Research, “Enbridge Energy Partners, L.P. owns the U.S. portion of the world’s longest liquid petroleum pipeline. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, holds an effective 14.5% interest in the Partnership. (Press Release)”

Travelers Companies Inc. holds 5.43% of its portfolio in Enbridge Energy Partners, L.P. for 752,400 shares. Tiedemann Trust Co owns 929,364 shares or 3.98% of their US portfolio. Moreover, Energy Income Partners Llc has 3.81% invested in the company for 7.42 million shares. The New York-based Heronetta Management L.P. has invested 3.29% in the stock. Cushing Asset Management Lp, a Texas-based fund reported 3.79 million shares.#img1#

Enbridge Energy Partners, L.P. (NYSE:EEP) Ratings Coverage

Ratings analysis reveals 62% of Enbridge Energy Partners’s analysts are positive. Out of 13 Wall Street analysts rating Enbridge Energy Partners, 8 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $5 while the high is $42. The stock’s average target of $25.75 is 9.95% above today’s ($23.42) share price. EEP was included in 26 notes of analysts from July 21, 2015. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, November 3. FBR Capital initiated Enbridge Energy Partners, L.P. (NYSE:EEP) on Friday, September 9 with “Outperform” rating. The rating was upgraded by Credit Suisse on Monday, December 21 to “Outperform”. The firm earned “Buy” rating on Friday, September 30 by Mizuho. Barclays Capital maintained the shares of EEP in a report on Monday, October 12 with “Equal-Weight” rating. iperJaffray upgraded Enbridge Energy Partners, L.P. (NYSE:EEP) on Wednesday, September 7 to “Overweight” rating. The rating was maintained by Credit Suisse on Thursday, February 18 with “Outperform”. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Buy” rating given on Tuesday, November 1 by Ladenburg Thalmann. Goldman Sachs downgraded it to “Sell” rating and $20 target price in Wednesday, July 20 report. As per Friday, April 1, the company rating was reinitiated by Piper Jaffray.

EEP Company Profile

Enbridge Energy Partners, L.P., incorporated on October 16, 1991, 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. 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. The Firm operates in two business divisions: Liquids and Natural Gas.

More recent Enbridge Energy Partners, L.P. (NYSE:EEP) news were published by: Bizjournals.com which released: “Enbridge Energy Partners, Marathon Petroleum to buy $2B stake in pipeline system” on August 03, 2016. Also Marketwired.com published the news titled: “Enbridge Energy Partners, L.P. to Webcast Its 2016 Third Quarter Financial Results” on October 14, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” with publication date: November 01, 2016 was also an interesting one.

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By Ellis Scott


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