FineMark National Bank & Trust Has $435,000 Stake in Enbridge Energy Management LLC (EEQ)

FineMark National Bank & Trust boosted its position in shares of Enbridge Energy Management LLC (NYSE:EEQ) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,241 shares of the oil and gas producer’s stock after buying an additional 539 shares during the period. FineMark National Bank & Trust’s holdings in Enbridge Energy Management were worth $435,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its position in Enbridge Energy Management by 7.7% in the first quarter. Wells Fargo & Company MN now owns 53,031 shares of the oil and gas producer’s stock valued at $977,000 after buying an additional 3,784 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in Enbridge Energy Management during the first quarter valued at about $375,000. Russell Investments Group Ltd. increased its position 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 valued at $9,215,000 after buying an additional 135,088 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Enbridge Energy Management by 15.8% in the first quarter. Janney Montgomery Scott LLC now owns 53,082 shares of the oil and gas producer’s stock valued at $978,000 after buying an additional 7,234 shares in the last quarter. Finally, Huntington Steele LLC increased its position in Enbridge Energy Management by 5.0% in the first quarter. Huntington Steele LLC now owns 33,018 shares of the oil and gas producer’s stock valued at $608,000 after buying an additional 1,568 shares in the last quarter. Institutional investors and hedge funds own 80.33% of the company’s stock.

Enbridge Energy Management LLC (NYSE EEQ) opened at 14.02 on Friday. Enbridge Energy Management LLC has a 1-year low of $13.87 and a 1-year high of $24.78. The firm’s 50-day moving average is $14.86 and its 200-day moving average is $16.64. The stock’s market cap is $1.20 billion.

WARNING: “FineMark National Bank & Trust Has $435,000 Stake in Enbridge Energy Management LLC (EEQ)” was reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/finemark-national-bank-trust-purchases-539-shares-of-enbridge-energy-management-llc-eeq-updated-updated.html.

EEQ has been the subject of several analyst reports. Zacks Investment Research cut shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub raised shares of Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price target on shares of Enbridge Energy Management in a report on Friday, April 28th. Finally, Morgan Stanley cut shares of Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $21.58 to $19.00 in a report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.86.

About Enbridge Energy Management

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

Receive News & Ratings for Enbridge Energy Management LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Energy Management LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply