California Public Employees Retirement System Has $1.92 Million Stake in Enbridge Energy Management LLC (NYSE:EEQ)

California Public Employees Retirement System decreased its position in shares of Enbridge Energy Management LLC (NYSE:EEQ) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,386 shares of the oil and gas producer’s stock after selling 1,452 shares during the period. California Public Employees Retirement System owned 0.12% of Enbridge Energy Management worth $1,923,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP raised its stake in Enbridge Energy Management by 10.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,200,546 shares of the oil and gas producer’s stock worth $169,465,000 after buying an additional 864,464 shares during the last quarter. OppenheimerFunds Inc. raised its stake in Enbridge Energy Management by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 2,635,840 shares of the oil and gas producer’s stock worth $48,552,000 after buying an additional 66,744 shares during the last quarter. Bollard Group LLC raised its stake in Enbridge Energy Management by 13.0% in the first quarter. Bollard Group LLC now owns 921,628 shares of the oil and gas producer’s stock worth $16,976,000 after buying an additional 105,697 shares during the last quarter. Macquarie Group Ltd. raised its stake in Enbridge Energy Management by 6.0% in the fourth quarter. Macquarie Group Ltd. now owns 792,672 shares of the oil and gas producer’s stock worth $20,530,000 after buying an additional 45,067 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Enbridge Energy Management by 37.0% in the first quarter. Russell Investments Group Ltd. now owns 500,138 shares of the oil and gas producer’s stock worth $9,215,000 after buying an additional 135,088 shares during the last quarter. 80.33% of the stock is owned by institutional investors.

Shares of Enbridge Energy Management LLC (NYSE EEQ) traded up 0.57% during mid-day trading on Friday, hitting $14.02. The company had a trading volume of 514,873 shares. The company’s market capitalization is $1.20 billion. Enbridge Energy Management LLC has a 1-year low of $13.87 and a 1-year high of $25.96. The company has a 50-day moving average price of $14.86 and a 200-day moving average price of $16.37.

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EEQ has been the subject of a number of research analyst reports. Zacks Investment Research raised Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, May 23rd. Morgan Stanley lowered Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and reduced their target price 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 issued a $20.00 target price on shares of Enbridge Energy Management in a report on Friday, April 28th. Finally, BidaskClub raised Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Enbridge Energy Management currently has a consensus rating of “Hold” and an average price target of $23.86.

About Enbridge Energy Management

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

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