Enbridge Energy Management, L.L.C. (EEQ) Position Lessened by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lowered its position in shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,858,223 shares of the oil and gas producer’s stock after selling 133,583 shares during the period. Enbridge Energy Management makes up approximately 1.9% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 16th largest position. Kayne Anderson Capital Advisors LP owned about 10.98% of Enbridge Energy Management worth $152,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Maple Brown Abbott Ltd lifted its position in Enbridge Energy Management by 30.1% in the third quarter. Maple Brown Abbott Ltd now owns 3,514,600 shares of the oil and gas producer’s stock valued at $54,336,000 after acquiring an additional 813,808 shares during the last quarter. Eagle Global Advisors LLC lifted its position in Enbridge Energy Management by 7.3% in the second quarter. Eagle Global Advisors LLC now owns 3,098,871 shares of the oil and gas producer’s stock valued at $47,754,000 after acquiring an additional 210,126 shares during the last quarter. Macquarie Group Ltd. lifted its position in Enbridge Energy Management by 19.9% in the third quarter. Macquarie Group Ltd. now owns 1,616,588 shares of the oil and gas producer’s stock valued at $24,992,000 after acquiring an additional 268,366 shares during the last quarter. Royal Bank of Canada lifted its position in Enbridge Energy Management by 40.4% in the second quarter. Royal Bank of Canada now owns 1,169,569 shares of the oil and gas producer’s stock valued at $18,023,000 after acquiring an additional 336,347 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Enbridge Energy Management by 26.4% in the first quarter. Vanguard Group Inc. now owns 942,452 shares of the oil and gas producer’s stock valued at $17,360,000 after acquiring an additional 196,979 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

A number of research firms have commented on EEQ. Zacks Investment Research lowered shares of Enbridge Energy Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price target on shares of Enbridge Energy Management in a research note on Monday, October 30th. Finally, ValuEngine lowered shares of Enbridge Energy Management from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.33.

Shares of Enbridge Energy Management, L.L.C. (NYSE:EEQ) traded up $0.22 during midday trading on Thursday, hitting $13.38. 442,331 shares of the company’s stock traded hands, compared to its average volume of 435,244. Enbridge Energy Management, L.L.C. has a 12 month low of $12.03 and a 12 month high of $26.53.

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About Enbridge Energy Management

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

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