Enbridge Energy Partners L.P. (EEP) : Accredited Investors scooped up 1,509 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 9, 2016. The investment management firm now holds a total of 21,509 shares of Enbridge Energy Partners L.P. which is valued at $526,325.Enbridge Energy Partners L.P. makes up approximately 0.14% of Accredited Investors’s portfolio.
Other Hedge Funds, Including , Private Advisor Group sold out all of its stake in EEP during the most recent quarter. The investment firm sold 75,149 shares of EEP which is valued $1,849,417.Finemark National Bank Trust boosted its stake in EEP in the latest quarter, The investment management firm added 844 additional shares and now holds a total of 7,808 shares of Enbridge Energy Partners L.P. which is valued at $191,062. Enbridge Energy Partners L.P. makes up approx 0.02% of Finemark National Bank Trust’s portfolio. Wall Street Access Asset Management sold out all of its stake in EEP during the most recent quarter. The investment firm sold 12,903 shares of EEP which is valued $302,704.Sonora Investment Management reduced its stake in EEP by selling 100 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 400 shares of EEP which is valued at $9,628. Enbridge Energy Partners L.P. makes up approx 0.01% of Sonora Investment Management’s portfolio.
Enbridge Energy Partners L.P. closed down -0.18 points or -0.71% at $25.04 with 6,95,989 shares getting traded on Wednesday. Post opening the session at $25.27, the shares hit an intraday low of $24.94 and an intraday high of $25.37 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.