Enbridge Energy Management LLC (NYSE:EEQ) Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in Enbridge Energy Management LLC (NYSE:EEQ) by 119.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,350 shares of the oil and gas producer’s stock after buying an additional 245,294 shares during the period. Renaissance Technologies LLC owned approximately 0.54% of Enbridge Energy Management worth $8,314,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. State Street Corp raised its position in shares of Enbridge Energy Management by 24.6% in the fourth quarter. State Street Corp now owns 106,201 shares of the oil and gas producer’s stock valued at $2,752,000 after buying an additional 20,999 shares during the last quarter. Brookfield Asset Management Inc. raised its position in shares of Enbridge Energy Management by 1.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 336,192 shares of the oil and gas producer’s stock valued at $8,707,000 after buying an additional 5,592 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of 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 valued at $20,530,000 after buying an additional 45,067 shares during the last quarter. Creative Planning raised its position in shares of Enbridge Energy Management by 194.2% in the first quarter. Creative Planning now owns 11,031 shares of the oil and gas producer’s stock valued at $203,000 after buying an additional 7,282 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Enbridge Energy Management by 9.8% in the first quarter. Bank of Montreal Can now owns 29,237 shares of the oil and gas producer’s stock valued at $539,000 after buying an additional 2,616 shares during the last quarter. 80.33% of the stock is owned by hedge funds and other institutional investors.

Enbridge Energy Management LLC (EEQ) traded up 0.57% during 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 one year low of $13.87 and a one year high of $25.96. The stock has a 50-day moving average of $14.86 and a 200 day moving average of $16.37.

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A number of research analysts have recently commented on EEQ shares. BidaskClub lowered Enbridge Energy Management from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research raised Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, June 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 target price on shares of Enbridge Energy Management in a report on Friday, April 28th. Finally, Morgan Stanley lowered Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $21.58 to $19.00 in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Enbridge Energy Management has an average 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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