Enbridge Energy Partners L.P. (EEP) : Commonwealth Of Pennsylvania Public School Empls Retrmt Sys scooped up 257,673 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 Aug 11, 2016. The investment management firm now holds a total of 2,256,474 shares of Enbridge Energy Partners L.P. which is valued at $55,599,519.Enbridge Energy Partners L.P. makes up approximately 1.05% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.
Other Hedge Funds, Including , Tortoise Capital Advisors L.l.c. boosted its stake in EEP in the latest quarter, The investment management firm added 77,834 additional shares and now holds a total of 6,349,810 shares of Enbridge Energy Partners L.P. which is valued at $156,459,318. Enbridge Energy Partners L.P. makes up approx 1.09% of Tortoise Capital Advisors L.l.c.’s portfolio.Advisors Asset Management reduced its stake in EEP by selling 39,277 shares or 27.41% in the most recent quarter. The Hedge Fund company now holds 104,024 shares of EEP which is valued at $2,545,467. Enbridge Energy Partners L.P. makes up approx 0.04% of Advisors Asset Management’s portfolio.Jennison Associates boosted its stake in EEP in the latest quarter, The investment management firm added 48,129 additional shares and now holds a total of 553,825 shares of Enbridge Energy Partners L.P. which is valued at $12,992,735. Enbridge Energy Partners L.P. makes up approx 0.01% of Jennison Associates’s portfolio.Mai Capital Management reduced its stake in EEP by selling 155 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 28,318 shares of EEP which is valued at $681,614. Enbridge Energy Partners L.P. makes up approx 0.05% of Mai Capital Management’s portfolio.
Enbridge Energy Partners L.P. (EEP) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $24.3 and reached the intraday high at $24.68. The bulls started the profit booking and pushed the shares to intraday low of $24.3. The trading session was marked by a volume range of 5,60,309 shares exchanging hands. The 52-week high of the shares is $29.99 and the 52-week low is $14.27. The market cap of the company stands at $10,573 M and there are 43,22,54,580 shares in public circulation.
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.