Texas Yale Capital Corp. Lowers stake in Enbridge Energy Partners L.P. (EEP)

Enbridge Energy Partners L.P. (EEP) : Texas Yale Capital Corp. reduced its stake in Enbridge Energy Partners L.P. by 1.46% during the most recent quarter end. The investment management company now holds a total of 424,508 shares of Enbridge Energy Partners L.P. which is valued at $9,572,655 after selling 6,300 shares in Enbridge Energy Partners L.P. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Enbridge Energy Partners L.P. makes up approximately 0.94% of Texas Yale Capital Corp.’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co reduced its stake in EEP by selling 69 shares or 13.8% in the most recent quarter. The Hedge Fund company now holds 431 shares of EEP which is valued at $9,719. Atwood Palmer Inc added EEP to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $11,090.Diversified Trust Co reduced its stake in EEP by selling 13,196 shares or 59.53% in the most recent quarter. The Hedge Fund company now holds 8,972 shares of EEP which is valued at $203,036. Enbridge Energy Partners L.P. makes up approx 0.03% of Diversified Trust Co’s portfolio.

Enbridge Energy Partners L.P. opened for trading at $22.43 and hit $22.78 on the upside on Monday, eventually ending the session at $22.68, with a gain of 1.75% or 0.39 points. The heightened volatility saw the trading volume jump to 12,30,786 shares. Company has a market cap of $9,849 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.. Mizuho Initiated Enbridge Energy Partners L.P. on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $29.Enbridge Energy Partners L.P. was Upgraded by Goldman to ” Neutral” on Sep 19, 2016. FBR Capital Initiated Enbridge Energy Partners L.P. on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $31.

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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