Macquarie Group Ltd. Has $20.78 Million Stake in Enbridge Energy Management LLC (EEQ)

Macquarie Group Ltd. grew its position in Enbridge Energy Management LLC (NYSE:EEQ) by 28.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,348,222 shares of the oil and gas producer’s stock after acquiring an additional 298,218 shares during the period. Macquarie Group Ltd. owned about 1.57% of Enbridge Energy Management worth $20,776,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EEQ. HITE Hedge Asset Management LLC boosted its holdings in shares of Enbridge Energy Management by 5,953.3% in the second quarter. HITE Hedge Asset Management LLC now owns 894,555 shares of the oil and gas producer’s stock valued at $13,785,000 after acquiring an additional 879,777 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Enbridge Energy Management by 8.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 9,991,806 shares of the oil and gas producer’s stock valued at $153,960,000 after acquiring an additional 791,260 shares in the last quarter. Maple Brown Abbott Ltd boosted its holdings in shares of Enbridge Energy Management by 32.4% in the second quarter. Maple Brown Abbott Ltd now owns 2,700,792 shares of the oil and gas producer’s stock valued at $41,619,000 after acquiring an additional 661,057 shares in the last quarter. Oxbow Advisors LLC boosted its holdings in shares of Enbridge Energy Management by 151.9% in the second quarter. Oxbow Advisors LLC now owns 879,243 shares of the oil and gas producer’s stock valued at $13,549,000 after acquiring an additional 530,197 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Enbridge Energy Management in the second quarter valued at about $6,932,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Enbridge Energy Management LLC (NYSE EEQ) opened at 15.87 on Thursday. The stock’s market cap is $1.36 billion. The company’s 50-day moving average is $14.81 and its 200-day moving average is $15.66. Enbridge Energy Management LLC has a 12-month low of $13.42 and a 12-month high of $24.78.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Morgan Stanley downgraded shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $21.58 to $19.00 in a report on Thursday, June 15th. Royal Bank Of Canada reissued a “hold” rating and set a $21.00 price objective on shares of Enbridge Energy Management in a report on Wednesday, September 27th. Finally, ValuEngine downgraded shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.25.

Enbridge Energy Management Company Profile

Institutional Ownership by Quarter for Enbridge Energy Management (NYSE:EEQ)

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