About Enbridge Energy, L.P.
Enbridge Energy Partners, L.P. is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States. The Company's activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. The Company operates in two business segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, Mid-Continent and North Dakota systems. The Natural Gas segment includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Pipelines
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: EEP
- Previous Close: $18.26
- 50 Day Moving Average: $21.70
- 200 Day Moving Average: $23.75
- 52-Week Range: $15.64 - $26.36
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 26.46
- P/E Growth: 2.79
- Market Cap: $6.43B
- Outstanding Shares: 350,029,000
- Beta: 1.13
- Net Margins: -5.40%
- Return on Equity: 7.81%
- Return on Assets: 2.03%
Companies Related to Enbridge Energy, L.P.:
- Debt-to-Equity Ratio: 2.00%
- Current Ratio: 0.30%
- Quick Ratio: 0.25%
What is Enbridge Energy, L.P.'s stock symbol?
Enbridge Energy, L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "EEP."
How often does Enbridge Energy, L.P. pay dividends? What is the dividend yield for Enbridge Energy, L.P.?
Enbridge Energy, L.P. announced a quarterly dividend on Friday, January 27th. Shareholders of record on Tuesday, February 7th will be given a dividend of $0.583 per share on Tuesday, February 14th. This represents a $2.33 annualized dividend and a yield of 12.77%. The ex-dividend date is Friday, February 3rd.
Where is Enbridge Energy, L.P.'s stock going? Where will Enbridge Energy, L.P.'s stock price be in 2017?
13 equities research analysts have issued 1-year price targets for Enbridge Energy, L.P.'s stock. Their forecasts range from $20.00 to $28.00. On average, they anticipate Enbridge Energy, L.P.'s share price to reach $23.45 in the next twelve months.
When will Enbridge Energy, L.P. announce their earnings?
Enbridge Energy, L.P. is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.
What are analysts saying about Enbridge Energy, L.P. stock?
Here are some recent quotes from research analysts about Enbridge Energy, L.P. stock:
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 a strong liquidity position. Focus on fee-based and diversified business has enabled Enbridge Energy Partners to dilute its risks, as well as generate stable earnings. Additionally, we remain positive on Enbridge given its increased exposure to Bakken Shale, Haynesville Shale and Granite Wash. However, we remain apprehensive about the lower pricing environment for oil. Enbridge Energy Partners also remains vulnerable to macro conditions and unstable oil & gas prices, which could hurt its margins in natural gas and other business. Additionally, the high capital expenditure required for the ambitious growth plans may reduce cash distribution growth." (11/3/2016)
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)
Who owns Enbridge Energy, L.P. stock?
Enbridge Energy, L.P.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Energy Income Partners LLC (2.08%), Advisory Research Inc. (1.93%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.65%), Travelers Companies Inc. (0.21%), Renaissance Technologies LLC (0.18%) and Texas Yale Capital Corp. (0.12%).
Who sold Enbridge Energy, L.P. stock? Who is selling Enbridge Energy, L.P. stock?
Enbridge Energy, L.P.'s stock was sold by a variety of institutional investors in the last quarter, including Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Ladenburg Thalmann Financial Services Inc., Keybank National Association OH, Raymond James Financial Services Advisors Inc., Capital Guardian Trust Co., State Street Corp, Summit Equities Inc and Van ECK Associates Corp.
Who bought Enbridge Energy, L.P. stock? Who is buying Enbridge Energy, L.P. stock?
Enbridge Energy, L.P.'s stock was purchased by a variety of institutional investors in the last quarter, including Energy Income Partners LLC, Renaissance Technologies LLC, Advisory Research Inc., Guggenheim Capital LLC, Private Advisor Group LLC, GenTrust LLC, First Allied Advisory Services Inc. and First Capital Advisors Group LLC..
How do I buy Enbridge Energy, L.P. stock?
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.
How much does a share of Enbridge Energy, L.P. stock cost?
One share of Enbridge Energy, L.P. stock can currently be purchased for approximately $18.26.