Enbridge Energy Management, LLC (NYSE:EEQ) Shares Dip Under Moving Averages

Lord Abbett & Ltd Limited Liability Company has 304,374 shares for 0.06% of their portfolio. Over the last six months, Enbridge Energy Management, L.L.C.'s stock has been -34.32% and -40.92% for the year. About 1.36 million shares traded or 113.33% up from the average. Enbridge Energy Management Llc (NYSE:EEQ)'s price sits -27.45% off from its SMA 50 of $12.27 and -31.23% away from the SMA 200 which is at $13.3. It has outperformed by 108.00% the S&P500. The short ratio in the company's stock is documented at 3.42 and the short float is around of 4.2%. The company has market cap of $859.84 million. The stock decreased 2.36% or $2.05 during the last trading session, reaching $84.9. EEP's distance from 20 day simple moving average is -21.60% and distance from 50-Day simple moving average is -27.76%.

Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 18.43% since March 18, 2017 and is downtrending. Farmers And Merchants Invs Inc holds 1.64 million shares. Connor Clark Lunn Mngmt has 0% invested in Enbridge Energy Management, L.L.C. (NYSE:EEQ) for 53,732 shares. Graham Corp now has $212.16 million valuation. Ing Groep Nv accumulated 0.64% or 2.09M shares.

Investors sentiment increased to 1 in Q3 2017. Perigon Wealth Management Ltd Company invested in 0.01% or 1,250 shares. Its opening price on the last trading day was $10.83. 311.89 million shares or 0.86% more from 309.23 million shares in 2017Q2 were reported. Woodstock Corporation owns 5,773 shares. Jpmorgan Chase & holds 415,018 shares or 0% of its portfolio. Neuberger Berman Limited Liability holds 0.03% of its portfolio in Aramark (NYSE:ARMK) for 531,426 shares. The 1-year low was reported on Mar, 19 by Barchart.com. Wells Fargo Comm Mn invested 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). 109.29 million shares or 1.39% less from 110.83 million shares in 2017Q2 were reported. California-based Reilly Advsrs Ltd Liability has invested 0% in Cavium, Inc. Moreover, Tiaa Cref Invest Mgmt Ltd Liability Corporation has 0.05% invested in Bunge Limited (NYSE:BG). Bunge Limited (NYSE:BG) has risen 14.04% since March 19, 2017 and is uptrending. Pub Employees Retirement Systems Of Ohio holds 0% of its portfolio in Nelnet, Inc. First Trust Advisors LP now owns 168,700 shares of the pipeline company's stock valued at $2,696,000 after buying an additional 44,400 shares during the period. Keybank Association Oh accumulated 12,016 shares. Hite Hedge Asset Management Llc who had been investing in Enbridge Energy Management L for a number of months, seems to be less bullish one the $859.84 million market cap company. Therefore 75% are positive. Stein Mart had 4 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained Enbridge Energy Management, L.L.C. (NYSE:EEQ) on Sunday, October 29 with "Hold" rating. As per Thursday, January 14, the company rating was downgraded by Longbow. The company was downgraded on Friday, March 16 by Ladenburg Thalmann. RBC Capital Markets maintained Enbridge Energy Management, L.L.C. (NYSE:EEQ) on Monday, September 25 with "Hold" rating. RBC Capital Markets maintained Aramark (NYSE:ARMK) on Tuesday, February 6 with "Buy" rating. They set an "underperform" rating and a $14.00 target price on the stock.

Among 19 analysts covering Enbridge Energy Partners (NYSE:EEP), 6 have Buy rating, 2 Sell and 11 Hold. Therefore 73% are positive. The stock of Enbridge Energy Management, L.L.C. (NYSE:EEQ) earned "Equal-Weight" rating by Morgan Stanley on Thursday, June 15.

Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. Looking at the stock's movement on the chart, Enbridge Energy Partners, L.P. recorded a 52-week high of $19.64.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) was down 6.8% during trading on Friday.

Enbridge Energy Management Llc (NYSE:EEQ) has average revenue estimates of $613.1 Million, compared to low analyst estimates of $570.22 Million and high estimates of $655.7 Million for the current quarter. The company was initiated on Thursday, February 25 by Morgan Stanley. The rating was maintained by RBC Capital Markets with "Sector Perform" on Tuesday, November 3. On Friday, August 7 the stock rating was maintained by Credit Suisse with "Outperform". The firm has "Buy" rating by Ladenburg Thalmann given on Tuesday, November 1. The firm has "Sector Perform" rating given on Thursday, February 18 by RBC Capital Markets.

Several equities research analysts have recently issued reports on the company. The rating was upgraded by Piper Jaffray to "Overweight" on Wednesday, September 7.

ADVM's mean recommendation on Reuter's scale presents no change from 2.25 thirty days ago to 2.25 now, which indicates a hold consensus from the analyst community.

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