Susquehanna International Group LLP Acquires New Stake in Enbridge Energy Management LLC (EEQ)

Susquehanna International Group LLP acquired a new position in Enbridge Energy Management LLC (NYSE:EEQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 69,300 shares of the oil and gas producer’s stock, valued at approximately $1,068,000. Susquehanna International Group LLP owned approximately 0.08% of Enbridge Energy Management at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in EEQ. HITE Hedge Asset Management LLC boosted its position in Enbridge Energy Management by 5,953.3% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 894,555 shares of the oil and gas producer’s stock worth $13,785,000 after purchasing an additional 879,777 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in Enbridge Energy Management by 8.6% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 9,991,806 shares of the oil and gas producer’s stock worth $153,960,000 after purchasing an additional 791,260 shares in the last quarter. Maple Brown Abbott Ltd boosted its position in Enbridge Energy Management by 32.4% in the 2nd quarter. Maple Brown Abbott Ltd now owns 2,700,792 shares of the oil and gas producer’s stock worth $41,619,000 after purchasing an additional 661,057 shares in the last quarter. Oxbow Advisors LLC boosted its position in Enbridge Energy Management by 151.9% in the 2nd quarter. Oxbow Advisors LLC now owns 879,243 shares of the oil and gas producer’s stock worth $13,549,000 after purchasing an additional 530,197 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Enbridge Energy Management in the 2nd quarter worth approximately $6,932,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

EEQ has been the topic of several recent research reports. Zacks Investment Research upgraded Enbridge Energy Management from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday. Morgan Stanley lowered Enbridge Energy Management from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $21.58 to $19.00 in a research report on Thursday, June 15th. Royal Bank Of Canada restated a “hold” rating and issued a $21.00 price objective on shares of Enbridge Energy Management in a research report on Monday, August 21st. ValuEngine lowered Enbridge Energy Management from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.25.

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Enbridge Energy Management LLC (NYSE:EEQ) traded down 0.45% during midday trading on Friday, reaching $15.55. The company’s stock had a trading volume of 50,180 shares. Enbridge Energy Management LLC has a 12-month low of $13.42 and a 12-month high of $25.96. The stock’s 50 day moving average is $14.87 and its 200 day moving average is $15.66. The stock’s market cap is $1.33 billion.

Enbridge Energy Management Profile

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

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