Enbridge Energy Partners L.P. (EEP) : Parkside Financial Bank Trust scooped up 4,605 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 2, 2016. The investment management firm now holds a total of 44,022 shares of Enbridge Energy Partners L.P. which is valued at $1,032,756.Enbridge Energy Partners L.P. makes up approximately 0.49% of Parkside Financial Bank Trust’s portfolio.
Other Hedge Funds, Including , Oxbow Advisors reduced its stake in EEP by selling 23,036 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 646,651 shares of EEP which is valued at $15,170,432. Enbridge Energy Partners L.P. makes up approx 2.13% of Oxbow Advisors’s portfolio.Pointe Capital Management reduced its stake in EEP by selling 3,050 shares or 17.38% in the most recent quarter. The Hedge Fund company now holds 14,500 shares of EEP which is valued at $330,890. Enbridge Energy Partners L.P. makes up approx 0.24% of Pointe Capital Management’s portfolio.Msi Financial Services Inc reduced its stake in EEP by selling 2,508 shares or 24.97% in the most recent quarter. The Hedge Fund company now holds 7,537 shares of EEP which is valued at $171,994. Enbridge Energy Partners L.P. makes up approx 0.01% of Msi Financial Services Inc’s portfolio.
Enbridge Energy Partners L.P. opened for trading at $23.67 and hit $24.66 on the upside on Monday, eventually ending the session at $24.61, with a gain of 4.32% or 1.02 points. The heightened volatility saw the trading volume jump to 12,74,921 shares. Company has a market cap of $10,638 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.