Moors Cabot Lowers stake in Enbridge Energy Partners L.P. (EEP)

Enbridge Energy Partners L.P. (EEP) : Moors Cabot reduced its stake in Enbridge Energy Partners L.P. by 0.58% during the most recent quarter end. The investment management company now holds a total of 127,330 shares of Enbridge Energy Partners L.P. which is valued at $3,115,765 after selling 743 shares in Enbridge Energy Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Enbridge Energy Partners L.P. makes up approximately 0.53% of Moors Cabot’s portfolio.

Other Hedge Funds, Including , Blair William Coil reduced its stake in EEP by selling 375 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 154,536 shares of EEP which is valued at $3,781,496. Enbridge Energy Partners L.P. makes up approx 0.03% of Blair William Coil’s portfolio. Spectrum Management Group sold out all of its stake in EEP during the most recent quarter. The investment firm sold 400 shares of EEP which is valued $9,344. Cwm sold out all of its stake in EEP during the most recent quarter. The investment firm sold 1,104 shares of EEP which is valued $27,324. Cypress Asset Management Inctx added EEP to its portfolio by purchasing 9,125 company shares during the most recent quarter which is valued at $226,665. Enbridge Energy Partners L.P. makes up approx 0.04% of Cypress Asset Management Inctx’s portfolio.

Enbridge Energy Partners L.P. opened for trading at $24.87 and hit $25.19 on the upside on Monday, eventually ending the session at $25.09, with a gain of 1.83% or 0.45 points. The heightened volatility saw the trading volume jump to 6,94,579 shares. Company has a market cap of $10,845 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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