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

About Enbridge Energy, L.P.

Enbridge Energy, L.P. logoEnbridge 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
  • CUSIP:
Key Metrics:
  • Previous Close: $17.99
  • 50 Day Moving Average: $23.37
  • 200 Day Moving Average: $24.02
  • 52-Week Range: $350,029,000.00 - $14.51
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 24.99
  • P/E Growth: 2.75
  • Market Cap: $6.30B
  • Outstanding Shares: 350,029,000
  • Beta: 1.13
Profitability:
  • Net Margins: -5.40%
  • Return on Equity: 7.81%
  • Return on Assets: 2.03%
Debt:
  • Debt-to-Equity Ratio: 2.00%
  • Current Ratio: 0.30%
  • Quick Ratio: 0.25%
Additional Links:
Companies Related to Enbridge Energy, L.P.:

Analyst Ratings

Consensus Ratings for Enbridge Energy, L.P. (NYSE:EEP) (?)
Ratings Breakdown: 1 Sell Rating, 6 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $24.20 (34.52% upside)

Analysts' Ratings History for Enbridge Energy, L.P. (NYSE:EEP)
Show:
DateFirmActionRatingPrice TargetDetails
1/31/2017FBR & CoLower Price TargetOutperform$29.00 -> $22.00View Rating Details
1/30/2017MizuhoDowngradeBuy -> Neutral$29.00 -> $22.00View Rating Details
1/25/2017National Bank FinancialDowngradeOutperform -> Sector PerformView Rating Details
1/6/2017RBC Capital MarketsReiterated RatingHold$24.00View Rating Details
11/1/2016Ladenburg Thalmann Financial ServicesReiterated RatingBuy$27.00View Rating Details
9/19/2016Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$20.00 -> $24.00View Rating Details
9/7/2016SimmonsUpgradeNeutral -> Overweight$25.00 -> $28.00View Rating Details
9/7/2016Piper Jaffray CompaniesUpgradeNeutral -> OverweightView Rating Details
8/3/2016Morgan StanleySet Price TargetSell$23.00View Rating Details
8/1/2016Credit Suisse GroupUpgradeNeutral -> Outperform$25.00 -> $27.00View Rating Details
7/27/2016J P Morgan Chase & CoBoost Price TargetNeutral$22.00 -> $24.00View Rating Details
4/13/2016Barclays PLCInitiated CoverageEqual Weight$21.00View Rating Details
2/18/2016Royal Bank Of CanadaLower Price Target$22.00 -> $19.00View Rating Details
10/8/2015Oppenheimer Holdings, Inc.UpgradeMarket Perform -> OutperformView Rating Details
9/9/2015Seaport Global SecuritiesLower Price TargetAccumulate$40.00 -> $34.00View Rating Details
8/3/2015Citigroup Inc.Lower Price TargetNeutral$39.00 -> $34.00View Rating Details
7/21/2015ScotiabankLower Price Target$46.00 -> $42.00View Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for Enbridge Energy, L.P. (NYSE:EEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/16/2017Q4 2016$0.11$0.14$1.15 billion$1.25 billionViewN/AView Earnings Details
10/31/2016Q316$0.19$0.09$1.11 billion$1.12 billionViewListenView Earnings Details
7/28/2016Q216$0.09$0.22$1.06 billion$1.05 billionViewListenView Earnings Details
5/2/2016Q116$0.13$0.17$1.20 billion$1.06 billionViewN/AView Earnings Details
2/17/2016Q415$0.22$0.11$1.41 billion$1.14 billionViewListenView Earnings Details
11/2/2015Q315$0.22$0.23$1.47 billion$1.27 billionViewN/AView Earnings Details
7/30/2015Q215$0.02$0.18$1.64 billion$1.31 billionViewListenView Earnings Details
4/30/2015Q115$0.23$0.26$1.43 billionViewListenView Earnings Details
2/18/2015Q414$0.27$0.27$1.74 billion$2.07 billionViewN/AView Earnings Details
11/5/2014Q314$0.27$0.25$1.85 billion$1.94 billionViewListenView Earnings Details
7/31/2014Q214$0.24$0.21$1.99 billion$1.87 billionViewListenView Earnings Details
4/30/2014Q1$0.20$0.20ViewListenView Earnings Details
2/13/2014Q4$0.25$0.12$1.77 billion$1.96 billionViewListenView Earnings Details
7/29/2013Q2 2013$0.22$0.18$1.75 billion$1.67 billionViewListenView Earnings Details
5/1/2013Q1 2013$0.19$0.21$1.84 billion$1.69 millionViewListenView Earnings Details
10/31/2012Q312$0.27$0.29$1.73 billion$1.56 billionViewN/AView Earnings Details
4/30/2012$0.37$0.28ViewN/AView Earnings Details
3/13/2012$0.36$0.32ViewN/AView Earnings Details
10/28/2011$0.39$0.38ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Enbridge Energy, L.P. (NYSE:EEP)
Current Year EPS Consensus Estimate: $0.45 EPS
Next Year EPS Consensus Estimate: $0.72 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.17$0.25$0.21
Q2 20163$0.17$0.28$0.23
Q3 20163$0.17$0.32$0.23
Q4 20163$0.19$0.32$0.24
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Enbridge Energy, L.P. (NYSE:EEP)
Annual Dividend:$2.33
Dividend Yield:12.95%
Dividend Growth:2.40% (3 Year Average)
Payout Ratio:-179.23% (Based on Trailing 12 Months of Earnings)
517.78% (Based on Current Year Consensus EPS Estimate)
323.61% (Based on Next Year Consensus EPS Estimate)
Track Record:7 Years of Consecutive Dividend Growth

Dividend History for Enbridge Energy, L.P. (NYSE:EEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/27/2017quarterly$0.5810.93%2/3/20172/7/20172/14/2017
10/31/2016quarterly$0.5811/3/201611/7/201611/14/2016
7/28/2016quarterly$0.588/3/20168/5/20168/12/2016
4/29/2016quarterly$0.585/4/20165/6/20165/13/2016
1/29/2016quarterly$0.582/3/20162/5/20162/12/2016
11/2/2015quarterly$0.5811/4/201511/6/201511/13/2015
7/30/2015quarterly$0.588/5/20158/7/20158/14/2015
4/30/2015quarterly$0.576.06%5/6/20155/8/20155/15/2015
1/8/2015quarterly$0.575.81%2/4/20152/6/20152/13/2015
11/3/2014quarterly$0.566.24%11/5/201411/7/201411/14/2014
7/31/2014quarterly$0.566.59%8/5/20148/7/20148/14/2014
4/30/2014quarterly$0.547.14%5/6/20145/8/20145/15/2014
1/30/2014quarterly$0.547.6%2/5/20142/7/20142/14/2014
10/31/2013quarterly$0.547.18%11/5/201311/7/201311/14/2013
7/29/2013quarterly$0.546.75%8/5/20138/7/20138/14/2013
4/30/2013quarterly$0.547.51%5/6/20135/8/20135/15/2013
1/31/2013quarterly$0.547.25%2/5/20132/7/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Enbridge Energy, L.P. (NYSE:EEP)
Institutional Ownership Percentage: 55.05%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/17/2015Stephen J NeylandVPBuy1,200$19.98$23,976.00View SEC Filing  
3/7/2013Dan Allen WestbrookDirectorBuy2,000$27.61$55,220.00View SEC Filing  
12/28/2012Rebecca B RobertsDirectorBuy4,000$27.92$111,680.00View SEC Filing  
11/12/2012John A LoiaconoVPBuy1,000$28.31$28,310.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Enbridge Energy, L.P. (NYSE:EEP)
DateHeadline
News IconEnbridge-Spectra Energy merger cleared by FTC, with conditions (NYSE:EEP)
fairydetox.org - February 18 at 10:04 AM
News IconThe Enbridge Energy Management LLC (eeq) Announces Quarterly Dividend of $0.58 (NYSE:EEP)
xboxonezone.com - February 17 at 6:07 PM
News IconMPLX, Enbridge Energy complete $2B buy-in of DAPL, ETCOP lines (NYSE:EEP)
oakridgeobserver.com - February 17 at 6:07 PM
biz.yahoo.com logoENBRIDGE ENERGY PARTNERS LP Files SEC form 10-K, Annual Report (NYSE:EEP)
us.rd.yahoo.com - February 17 at 6:07 PM
us.rd.yahoo.com logoEnbridge Upgraded Even as Dividend Cut Expected (NYSE:EEP)
us.rd.yahoo.com - February 17 at 6:07 PM
us.rd.yahoo.com logo4:05 pm Enbridge Energy reports EPS in-line, beats on revs; Strategic review remains on-going (NYSE:EEP)
us.rd.yahoo.com - February 16 at 9:08 PM
us.rd.yahoo.com logo4:05 pm Enbridge Energy reports EPS in-line, beats on revs; Strategic review remains on-going (NYSE:EEP)
us.rd.yahoo.com - February 16 at 9:08 PM
us.rd.yahoo.com logo4:05 pm Enbridge Energy reports EPS in-line, beats on revs; Strategic review remains on-going (NYSE:EEP)
us.rd.yahoo.com - February 16 at 9:08 PM
biz.yahoo.com logoENBRIDGE ENERGY PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a (NYSE:EEP)
biz.yahoo.com - February 16 at 9:08 PM
biz.yahoo.com logoENBRIDGE ENERGY PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a (NYSE:EEP)
biz.yahoo.com - February 16 at 9:08 PM
biz.yahoo.com logoENBRIDGE ENERGY PARTNERS LP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a (NYSE:EEP)
biz.yahoo.com - February 16 at 9:08 PM
News IconEnbridge Inc. and Enbridge Energy Partners, L.P. Close Bakken Pipeline System Acquisition (NYSE:EEP)
boereport.com - February 16 at 4:01 PM
News IconEnbridge acquires Bakken stake (NYSE:EEP)
www.energyglobal.com - February 16 at 4:01 PM
4-traders.com logoENBRIDGE ENERGY PARTNERS LP : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K) (NYSE:EEP)
www.4-traders.com - February 16 at 4:01 PM
News IconEnbridge Energy Management LLC (EEQ) Stake Raised by Brookfield Asset Management Inc (NYSE:EEP)
www.graffiotech.com - February 16 at 4:01 PM
seekingalpha.com logoEnbridge Energy Partners L.P.: 9% Projected Yield; Opportunistic Buy For Bargain Hunters (NYSE:EEP)
seekingalpha.com - February 16 at 4:01 PM
News IconImpact of Brokerage Rating on Enbridge Energy, LP(EEP) (NYSE:EEP)
techknowbits.com - February 16 at 4:01 PM
finance.yahoo.com logoEnbridge Energy Partners, L.P. Closes Bakken Pipeline System Acquisition (NYSE:EEP)
finance.yahoo.com - February 16 at 4:01 PM
finance.yahoo.com logoMPLX LP announces joint-venture investment in Bakken Pipeline system (NYSE:EEP)
finance.yahoo.com - February 16 at 4:01 PM
biz.yahoo.com logoENBRIDGE ENERGY PARTNERS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and (NYSE:EEP)
biz.yahoo.com - February 16 at 4:01 PM
biz.yahoo.com logoQ4 2016 Enbridge Energy Partners LP Earnings Release-Tentative - Before Market Open (NYSE:EEP)
biz.yahoo.com - February 16 at 4:01 PM
finance.yahoo.com logoEnbridge Energy Partners, L.P. Reports Earnings for Fourth Quarter 2016 (NYSE:EEP)
finance.yahoo.com - February 16 at 4:01 PM
News IconTrading Scope: Checking the Levels for Enbridge Energy Partners LP (EEP) - SKV News (NYSE:EEP)
skvnews.com - February 14 at 5:47 PM
News IconAnalyst's Predictions on Enbridge Energy Partners, L.P. (EEP ... - StockNewsJournal (NYSE:EEP)
stocknewsjournal.com - February 14 at 5:47 PM
News IconChecking Out the Technicals for Enbridge Energy Partners, LP (EEP) - The USA Commerce (NYSE:EEP)
theusacommerce.com - February 14 at 5:47 PM
sg.finance.yahoo.com logoUS sees no adverse impact from Alberta Clipper pipeline (NYSE:EEP)
sg.finance.yahoo.com - February 10 at 10:23 PM
News IconWhat are Analyst's Indicators for Two Harbors Investment Corp. (TWO), Enbridge Energy Partners, LP (EEP) - The USA Commerce (NYSE:EEP)
theusacommerce.com - February 8 at 4:07 AM
News IconThe Technical Facts on Enbridge Energy Partners, LP (EEP) - The USA Commerce (NYSE:EEP)
www.theusacommerce.com - February 8 at 4:07 AM
blogs.barrons.com logoMLP Simplification Flies with Oneok, Stumbles with Enbridge (NYSE:EEP)
blogs.barrons.com - February 6 at 4:58 PM
nasdaq.com logoEnbridge Energy, LP (EEP) Ex-Dividend Date Scheduled for February 03, 2017 - Nasdaq (NYSE:EEP)
www.nasdaq.com - February 4 at 3:20 AM
marketrealist.com logoWill Plains All American Continue to Surge after Its 4Q16 Results? (NYSE:EEP)
marketrealist.com - February 2 at 5:21 PM
seekingalpha.com logoEnbridge Energy Partners L.P. 2017 Q1 - Results - Earnings Call Slides (NYSE:EEP)
seekingalpha.com - February 1 at 5:26 PM
News IconThe Enbridge Energy, LP (EEP) Announces $0.58 Quarterly Dividend (NYSE:EEP)
discover-usa.net - January 31 at 10:35 PM
News IconAnalysts At FBR & Co. Reiterated Enbridge Energy Partners (NYSE:EEP) As Outperform (NYSE:EEP)
jagsreport.com - January 31 at 5:34 PM
News IconAnalysts Weigh in on: Enbridge Energy Partners, LP (NYSE:EEP) (NYSE:EEP)
senegal-actu.com - January 31 at 5:34 PM
us.rd.yahoo.com logoHalf of Analysts Rate Enbridge Energy Partners a ‘Hold’ (NYSE:EEP)
us.rd.yahoo.com - January 31 at 5:34 PM
us.rd.yahoo.com logoWhy Is Enbridge Energy Partners’ Implied Volatility Elevated? (NYSE:EEP)
us.rd.yahoo.com - January 31 at 5:34 PM
News IconTwo Stable Stocks: Cliffs Natural Resources Inc. (NYSE:CLF), Enbridge Energy Partners, L.P. (NYSE:EEP) - The Newburgh Press (NYSE:EEP)
newburghpress.com - January 31 at 4:35 AM
News IconInvestor Guide: Check on Technical Levels for Enbridge Energy Partners LP (EEP) - Springdale Times (NYSE:EEP)
springdaletimes.com - January 31 at 4:35 AM
News IconHalf of Analysts Rate Enbridge Energy Partners a 'Hold' (NYSE:EEP)
cote-ivoire.com - January 30 at 11:34 PM
News IconEnbridge Bolsters Corporate Family to Accommodate Line 3 Pipeline Program (NYSE:EEP)
flapship.com - January 30 at 5:47 PM
finance.yahoo.com logoEnbridge Energy downgraded by Mizuho (NYSE:EEP)
finance.yahoo.com - January 30 at 12:27 PM
capitalcube.com logoEnbridge Energy Partners LP breached its 50 day moving average in a Bearish Manner : EEP-US : January 30, 2017 (NYSE:EEP)
www.capitalcube.com - January 30 at 12:27 PM
finance.yahoo.com logo6:12 am Enbridge Energy expects to meet 2016 adj EBITDA/DCF guidance and sees 2017 adj EBITDA/DCF to be $1.7-1.8 bln and $750-800 mln, respectively (NYSE:EEP)
finance.yahoo.com - January 29 at 9:59 PM
News IconEEP Makes Notable Cross Below Critical Moving Average (NYSE:EEP)
mlbinjurynews.com - January 28 at 10:10 PM
News IconEnbridge Energy Partners still reviewing its options (NYSE:EEP)
xboxonezone.com - January 27 at 11:33 PM
News IconBrokers Change Their Target Price On Enbridge Energy, L.P. (NYSE:EEP) (NYSE:EEP)
diy-home-garden.com - January 27 at 11:33 PM
einnews.com logoMidcoast Energy Partners, L.P. Declares Distribution for Fourth Quarter 2016; Announces Agreement for Affiliate to ... (NYSE:EEP)
energy.einnews.com - January 27 at 6:32 PM
reuters.com logoBRIEF-Enbridge Energy Partners expects 2017 adj. EBITDA to be $1.7 - $1.8 bln (NYSE:EEP)
www.reuters.com - January 27 at 6:32 PM
biz.yahoo.com logoENBRIDGE ENERGY PARTNERS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Results of Operations and (NYSE:EEP)
us.rd.yahoo.com - January 27 at 6:31 PM

Social

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. declared 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 dividend on an annualized basis and a yield of 12.96%. 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?

12 brokers have issued 1-year price targets for Enbridge Energy, L.P.'s shares. Their predictions range from $21.00 to $28.00. On average, they expect Enbridge Energy, L.P.'s share price to reach $24.20 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 many different 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 bought 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 $17.99.

Enbridge Energy, L.P. (NYSE:EEP) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Enbridge Energy, L.P. (NYSE:EEP)

Earnings History Chart

Earnings by Quarter for Enbridge Energy, L.P. (NYSE:EEP)

Dividend History Chart

Dividend Payments by Quarter for Enbridge Energy, L.P. (NYSE:EEP)

Last Updated on 2/19/2017 by MarketBeat.com Staff