Enbridge Energy Partners L.P. (EEP) : Tiedemann Wealth Management reduced its stake in Enbridge Energy Partners L.P. by 12.19% during the most recent quarter end. The investment management company now holds a total of 63,705 shares of Enbridge Energy Partners L.P. which is valued at $1,569,691 after selling 8,840 shares in Enbridge Energy Partners L.P. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Enbridge Energy Partners L.P. makes up approximately 1.34% of Tiedemann Wealth Management’s portfolio.
Other Hedge Funds, Including , Salem Investment Counselors Inc reduced its stake in EEP by selling 6,400 shares or 24.43% in the most recent quarter. The Hedge Fund company now holds 19,800 shares of EEP which is valued at $487,872. Enbridge Energy Partners L.P. makes up approx 0.06% of Salem Investment Counselors Inc’s portfolio.Credit Suisse Ag boosted its stake in EEP in the latest quarter, The investment management firm added 159,166 additional shares and now holds a total of 739,970 shares of Enbridge Energy Partners L.P. which is valued at $18,232,861. Enbridge Energy Partners L.P. makes up approx 0.02% of Credit Suisse Ag’s portfolio.Neuberger Berman Group boosted its stake in EEP in the latest quarter, The investment management firm added 403,815 additional shares and now holds a total of 1,701,108 shares of Enbridge Energy Partners L.P. which is valued at $40,129,138. Enbridge Energy Partners L.P. makes up approx 0.05% of Neuberger Berman Group’s portfolio.
Enbridge Energy Partners L.P. closed down -0.29 points or -1.23% at $23.38 with 6,32,144 shares getting traded on Monday. Post opening the session at $23.65, the shares hit an intraday low of $23.38 and an intraday high of $23.709 and the price fluctuated in this range throughout the day.Shares ended Monday 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.