Green Square Capital buys $8,649,693 stake in Enbridge Energy Partners L.P. (EEP)

Enbridge Energy Partners L.P. (EEP) : Green Square Capital scooped up 4,288 additional shares in Enbridge Energy Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 379,040 shares of Enbridge Energy Partners L.P. which is valued at $8,649,693.Enbridge Energy Partners L.P. makes up approximately 2.09% of Green Square Capital’s portfolio.

Other Hedge Funds, Including , 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.Huntington National Bank reduced its stake in EEP by selling 782 shares or 14.53% in the most recent quarter. The Hedge Fund company now holds 4,600 shares of EEP which is valued at $104,972.

Enbridge Energy Partners L.P. opened for trading at $23.26 and hit $23.63 on the upside on Friday, eventually ending the session at $23.36, with a gain of 4.05% or 0.91 points. The heightened volatility saw the trading volume jump to 19,54,011 shares. Company has a market cap of $10,049 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 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.

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