Enbridge Energy Management LLC (EEQ) : 1 brokerage houses believe that Enbridge Energy Management LLC (EEQ) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Enbridge Energy Management LLC (EEQ). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.06.
Enbridge Energy Management LLC (EEQ) : The consensus price target for Enbridge Energy Management LLC (EEQ) is $21.57 for the short term with a standard deviation of $3.66. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $18.
Company shares have received an average consensus rating of Hold for the current week Enbridge Energy Management LLC (NYSE:EEQ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.82 and $23.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.88, notching a gain of 1.23% for the day. The total traded volume was 253,984 . The stock had closed at $23.59 on the previous day.
In a related news, Maki Mark A., director officer (President and PEO) of Enbridge Energy Management L L C, had purchased 3,000 shares on November 7, 2014. The total value of the transaction was $104,010. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Enbridge Energy Management, L.L.C. (Enbridge Management), is a limited partner of Enbridge Energy Partners, L.P. (Partnership), through its ownership of i-units, a special class of the Partnerships limited partner interests. The Partnership 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 Enbridge Energy Company, Inc. (General Partner) owns all of its voting shares and is an indirect, wholly owned subsidiary of Enbridge Inc., which is an energy transportation and distribution company, located in Calgary, Alberta and Canada. The Company manages the business and affairs of the Partnership, subject to the General Partners right to approve specified actions.