Enbridge Energy, L.P. Company Profile (NYSE:EEP)

Enbridge Energy, L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "EEP."

Enbridge Energy, L.P. announced a quarterly dividend on Friday, April 28th. Shareholders of record on Monday, May 8th will be given a dividend of $0.35 per share on Monday, May 15th. This represents a $1.40 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date is Thursday, May 4th. View Enbridge Energy, L.P.'s Dividend History.

Enbridge Energy, L.P. (NYSE:EEP) released its earnings results on Wednesday, May, 10th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.07 by $0.09. The firm earned $1.18 billion during the quarter, compared to the consensus estimate of $1.04 billion. Enbridge Energy, L.P. had a negative net margin of 3.85% and a positive return on equity of 9.17%. Enbridge Energy, L.P.'s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. View Enbridge Energy, L.P.'s Earnings History.

14 analysts have issued 12 month price targets for Enbridge Energy, L.P.'s shares. Their forecasts range from $17.00 to $28.00. On average, they expect Enbridge Energy, L.P.'s share price to reach $21.60 in the next twelve months. View Analyst Ratings for Enbridge Energy, L.P..

Here are some recent quotes from research analysts about Enbridge Energy, L.P. stock:

• 1. According to Zacks Investment Research, "Oil and natural gas transporter, Enbridge Energy Partners L.P. has a diversified business portfolio, stable fee-based operating income and strong liquidity position. For first-quarter 2017, the partnership reported better-than-expected results, supported primarily by higher volumes from Mainline Expansion development. It is to be noted that Enbridge Energy has $28 billion worth secured capital project program that is going to fetch huge returns to the unitholders. Moreover, the partnership’s distribution yield is highly impressive, which represents attractive returns for the unitholders. Enbridge Energy has raised additional equity capital worth $4.5 billion since the beginning of 2016. We should also consider the partnership’s $2.3 billion worth asset monetization that exceeded the initial target of $2 billion. All those developments are reflecting Enbridge Energy’s significant financial strengths." (5/23/2017)
• 2. Goldman Sachs Group, Inc. (The) analysts commented, "From an operational standpoint, we note regulatory challenges on its two major projects (Sandpiper/Line 3 replacement), growing competition in the Bakken, macro uncertainty on oil sands and Bakken volume growth," analyst Theodore Durbin wrote in a note.Durbin also trimmed Enbridge Energy Partners price target to $20 from $21.Related Link: Energy ETFs As Value PlaysOn the financials front, the analyst noted high leverage of EEP (average GAAP Debt/EBITDA 4.6x through 2018), low coverage (avg. 0.9x through 2018) and "likely limited dropdown upside from parent ENB," given the unattractive relative valuation between the two.Durbin said Enbridge Inc trades at a relatively high 2016E EV/EBITDA multiple of 15.1x, higher than Enbridge Energy's 9.0x/10.2x pre-GP/post-GP.Goldman downgraded Enbridge to Neutral from Buy, and cut price target by $2 to $42 on lower estimates. Apart from valuation, the downgrade also stems from the fundamental challenges at Enbridge Energy (its MLP), and Enbridge Inc's relatively high leverage (>6.0x consolidated 2016-2018 Debt/EBITDA)."We see relatively flat total return upside to our new target price," (7/20/2016)

Some companies that are related to Enbridge Energy, L.P. include Sunoco Logistics Partners LP (ETP), Cheniere Energy Partners LP (CQP), Cheniere Energy Partners LP (CQP), ONEOK (OKE), Targa Resources (TRGP), Buckeye Partners L.P. (BPL), Enable Midstream Partners, LP (ENBL), EQT Midstream Partners, LP (EQM), EnLink Midstream Partners, LP (ENLK), Phillips 66 Partners LP (PSXP), Tesoro Logistics LP (TLLP), Shell Midstream Partners, L.P. (SHLX), Plains Group Holdings, L.P. (PAGP), Genesis Energy, L.P. (GEL), Tallgrass Energy Partners, LP (TEP), Valero Energy Partners LP (VLP), EnLink Midstream, LLC (ENLC) and Semgroup Corporation (SEMG).

Enbridge Energy, L.P.'s management team includes the folowing people:

• Jeffrey A. Connelly, Chairman of the Board of the General Partner
• Mark A. Maki, President and Principal Executive Officer of General Partner
• Guy Jarvis, Executive Vice President - Liquids Pipelines, Director of the General Partner
• Leon A. Zupan, Executive Vice President — Liquids Pipelines, Operations of General Partner
• David Bryson, Senior Vice President — Liquids Pipelines, Operations of General Partner
• Allen Carter Capps, Principal Accounting Officer, Controller of general partner
• Stephen J. Neyland, Vice President - Finance of General Partner
• Allan M. Schneider, Vice President - Regulated Engineering and Operations of General Partner
• Mark R. Boyce, Vice President — Liquids Pipelines, Law and Assistant Corporate Secretary General Partner
• Leo J. Golden, Vice President-Major Projects of General Partner

Enbridge Energy, L.P.'s stock is owned by a number of of institutional and retail investors. Top institutional shareholders include OppenheimerFunds Inc. (3.38%), Clearbridge Investments LLC (2.81%), Atlantic Trust Group LLC (1.99%), Morgan Stanley (1.16%), Center Coast Capital Advisors LP (1.07%) and UBS Group AG (1.04%). View Institutional Ownership Trends for Enbridge Energy, L.P..

Enbridge Energy, L.P.'s stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Duff & Phelps Investment Management Co., Eagle Global Advisors LLC, Atlantic Trust Group LLC, Wells Fargo & Company MN, Neuberger Berman Group LLC, Morgan Stanley and Bank of Montreal Can. View Insider Buying and Selling for Enbridge Energy, L.P..

Enbridge Energy, L.P.'s stock was bought by a variety of institutional investors in the last quarter, including Center Coast Capital Advisors LP, UBS Group AG, Infrastructure Capital Advisors LLC, TPH Asset Management LLC, ING Groep NV, Maple Brown Abbott Ltd, Global X Management Co. LLC and Kayne Anderson Capital Advisors LP. View Insider Buying and Selling for Enbridge Energy, L.P..

Shares of Enbridge Energy, L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Enbridge Energy, L.P. stock can currently be purchased for approximately $15.72.