Traders are a little more bullish on shares of Enbridge Energy Management Llc recently if you take a look at the change in short interest. The company recorded a fall in short interest of -45.09% as of October 31, 2017 from the last reporting period. Short interest fell from 1,875,352 to 1,029,808 over that period. The short-interest ratio decreased to 4.0 and the percentage of shorted shares is 0.01% as of October 31.
The following firms have recently changed their position in EEQ. As of the end of the quarter Stifel Financial Corp had disposed of 361 shares trimming its holdings by 1.9%. The value of the total investment in Enbridge Energy Management Llc went from $291,000 to $283,000 decreasing 2.7% quarter over quarter. As of quarter end Alliancebernstein L.P. had bought a total of 4,987 shares growing its stake by 24.3%. The value of the investment in Enbridge Energy Management Llc increased from $316,000 to $394,000 a change of $78,000 quarter to quarter.
As of the end of the quarter Ubs Asset Management Americas Inc had bought a total of 425 shares growing its position 867.3%. The value of the investment in (EEQ) went from $755,000 to $7,322,000 a change of 869.8% since the last quarter. Oppenheimerfunds, Inc. added to its investment by buying 69,746 shares an increase of 2.6% from 06/30/2017 to 09/30/2017. Oppenheimerfunds, Inc. now holds 2,756,966 shares with a value of $42,623,000. The value of the position overall is up by 2.9%.
On October 30 Royal Bank Of Canada left the company rating at “Hold” projecting a price of $21.00. September 27 investment analysts at Royal Bank Of Canada kept the stock rating at “Hold” targeting a price of $21.00.
August 21 investment analysts at Royal Bank Of Canada kept the company rating at “Hold” with a current price target of $21.00.
In the market the company is trading down from yesterday’s close of 13.39. The company currently has a P/E ratio of N/A and the market value is 1.16B. As of the last earnings report the EPS was $-0.07 with 89.74M shares presently outstanding.
Enbridge Energy Management, L.L.C., launched on May 14, 2002, is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Company owns i-units, a special class of the Partnership’s limited partner interests..