Ladenburg Thalmann Financial Services Inc. Sells 7,197 Shares of Enbridge Energy Partners, L.P. (EEP)

Ladenburg Thalmann Financial Services Inc. reduced its position in shares of Enbridge Energy Partners, L.P. (NYSE:EEP) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,746 shares of the pipeline company’s stock after selling 7,197 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Enbridge Energy Partners were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in shares of Enbridge Energy Partners by 25.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,625 shares of the pipeline company’s stock valued at $154,000 after purchasing an additional 1,959 shares during the period. First Capital Advisors Group LLC. grew its stake in shares of Enbridge Energy Partners by 17.9% during the 4th quarter. First Capital Advisors Group LLC. now owns 29,447 shares of the pipeline company’s stock valued at $407,000 after purchasing an additional 4,474 shares during the period. Haverford Trust Co. grew its stake in shares of Enbridge Energy Partners by 55.3% during the 4th quarter. Haverford Trust Co. now owns 15,530 shares of the pipeline company’s stock valued at $214,000 after purchasing an additional 5,530 shares during the period. Legacy Advisors LLC grew its stake in shares of Enbridge Energy Partners by 187.5% during the 4th quarter. Legacy Advisors LLC now owns 11,500 shares of the pipeline company’s stock valued at $158,000 after purchasing an additional 7,500 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Enbridge Energy Partners by 40.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 33,697 shares of the pipeline company’s stock valued at $465,000 after purchasing an additional 9,625 shares during the period. Institutional investors and hedge funds own 45.01% of the company’s stock.

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Shares of NYSE:EEP opened at $9.64 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.94. Enbridge Energy Partners, L.P. has a 12-month low of $9.05 and a 12-month high of $19.64. The company has a market cap of $3,147.62, a P/E ratio of 12.05 and a beta of 1.22.

Enbridge Energy Partners (NYSE:EEP) last posted its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. Enbridge Energy Partners had a return on equity of 5.47% and a net margin of 6.89%. The company had revenue of $610.00 million for the quarter. sell-side analysts expect that Enbridge Energy Partners, L.P. will post 0.7 earnings per share for the current year.

A number of research analysts recently issued reports on EEP shares. UBS reiterated a “buy” rating and set a $14.00 price objective (down from $16.50) on shares of Enbridge Energy Partners in a research note on Friday, March 2nd. Zacks Investment Research downgraded Enbridge Energy Partners from a “hold” rating to a “sell” rating in a research note on Monday, March 12th. Ladenburg Thalmann Financial Services downgraded Enbridge Energy Partners from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Friday, March 16th. Morgan Stanley cut their price objective on Enbridge Energy Partners from $15.00 to $11.00 and set a “sell” rating for the company in a research note on Friday, March 23rd. Finally, Bank of America cut their price objective on Enbridge Energy Partners from $14.00 to $13.00 and set an “underperform” rating for the company in a research note on Tuesday, February 20th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Enbridge Energy Partners has an average rating of “Hold” and an average price target of $14.50.

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About Enbridge Energy Partners

Enbridge Energy Partners, L.P is a geographically and operationally diversified organization that provides crude oil and liquid petroleum gathering and transportation and storage services. The Company operates through the Liquids business segment. Its Liquids segment includes the operations of its Lakehead, North Dakota and mid-continent systems.

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Institutional Ownership by Quarter for Enbridge Energy Partners (NYSE:EEP)

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