About Enbridge Energy Management LLC (NYSE:EEQ)
Enbridge Energy Management, L.L.C. is a limited partner of Enbridge Energy Partners, L.P. (the Partnership). The Company owns i-units, a special class of the Partnership's limited partner interests. The Company manages the business of the Partnership. The Partnership 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.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Transportation Services
- Sub-Industry: N/A
- Symbol: NYSE:EEQ
- CUSIP: N/A
- Web: www.enbridgemanagement.com
- Market Cap: $1.29116 billion
- Outstanding Shares: 85,620,000
- 50 Day Moving Avg: $14.96
- 200 Day Moving Avg: $15.62
- 52 Week Range: $13.42 - $25.96
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 16.78
- P/E Growth: -0.45
- Annual Revenue: N/A
- Price / Sales: N/A
- Book Value: $0.01 per share
- Price / Book: 1,493.00
- Annual Dividend: $1.10
- Dividend Yield: 7.3%
- Return on Equity: -750.00%
- Return on Assets: -750.00%
- Average Volume: 361,706 shs.
- Beta: 1.23
- Short Ratio: 2.29
Frequently Asked Questions for Enbridge Energy Management LLC (NYSE:EEQ)
What is Enbridge Energy Management LLC's stock symbol?
Enbridge Energy Management LLC trades on the New York Stock Exchange (NYSE) under the ticker symbol "EEQ."
How often does Enbridge Energy Management LLC pay dividends? What is the dividend yield for Enbridge Energy Management LLC?
Enbridge Energy Management LLC declared a quarterly dividend on Friday, January 27th. Investors 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 15.62%. The ex-dividend date is Friday, February 3rd. View Enbridge Energy Management LLC's Dividend History.
How were Enbridge Energy Management LLC's earnings last quarter?
Enbridge Energy Management LLC (NYSE:EEQ) posted its quarterly earnings data on Friday, August, 1st. The company reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.21. View Enbridge Energy Management LLC's Earnings History.
When will Enbridge Energy Management LLC make its next earnings announcement?
Where is Enbridge Energy Management LLC's stock going? Where will Enbridge Energy Management LLC's stock price be in 2017?
3 brokerages have issued 1-year price targets for Enbridge Energy Management LLC's shares. Their forecasts range from $19.00 to $27.00. On average, they anticipate Enbridge Energy Management LLC's stock price to reach $22.33 in the next year. View Analyst Ratings for Enbridge Energy Management LLC.
Are investors shorting Enbridge Energy Management LLC?
Enbridge Energy Management LLC saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 1,737,304 shares, an increase of 93.3% from the September 15th total of 898,670 shares. Based on an average daily volume of 259,486 shares, the days-to-cover ratio is presently 6.7 days. Approximately 2.3% of the company's stock are sold short.
Who are some of Enbridge Energy Management LLC's key competitors?
Some companies that are related to Enbridge Energy Management LLC include Semgroup Corporation (SEMG), SemGroup Corp (SEMG), Summit Midstream Partners, LP (SMLP), Western Refining Logistics LP (WNRL), Ship Finance International Limited (SFL), Crestwood Midstream Partners LP (CMLP), Frontline (FRO), Noble Midstream Partners LP (NBLX), VTTI Energy Partners LP (VTTI), PBF Logistics LP (PBFX), Delek Logistics Partners, L.P. (DKL), Teekay Offshore Partners L.P. (TOO), Teekay Tankers (TNK), Blueknight Energy Partners L.P., L.L.C. (BKEP), Southcross Energy Partners, L.P. (SXE), Columbia Pipeline Group (CPGX), Columbia Pipeline Partners LP (CPPL) and Penntex Midstream Partners LP (PTXP).
Who are Enbridge Energy Management LLC's key executives?
Enbridge Energy Management LLC's management team includes the folowing people:
- Jeffrey A. Connelly, Independent Chairman of the Board
- Mark A. Maki, President, principal Executive Officer, Director
- Christopher James Johnston, Principal Financial Officer, Vice President - Finance
- D. Guy Jarvis, Executive Vice President - Liquids Pipelines, Director
- C. Gregory Harper, Executive Vice President — Gas Pipelines & Processing
- Leon A. Zupan, Executive Vice President — Liquids Pipelines, Operations
- David W. Bryson, Senior Vice President — Liquids Pipelines, Operations of the General Partner
- Allen Capps, Principal Accounting Officer, Controller
- Allan M. Schneider, Vice President - Regulated Engineering and Operations
- Bradley Francis Shamla, Vice President - U.S Operations,Liquids Pipelines
How do I buy Enbridge Energy Management LLC stock?
Shares of Enbridge Energy Management LLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Enbridge Energy Management LLC's stock price today?
MarketBeat Community Rating for Enbridge Energy Management LLC (NYSE EEQ)MarketBeat's community ratings are surveys of what our community members think about Enbridge Energy Management LLC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Enbridge Energy Management LLC stock can currently be purchased for approximately $14.93.
Consensus Ratings for Enbridge Energy Management LLC (NYSE:EEQ) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$22.33 (49.59% upside)|Consensus Price Target History for Enbridge Energy Management LLC (NYSE:EEQ)
Analysts' Ratings History for Enbridge Energy Management LLC (NYSE:EEQ)
(Data available from 10/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/27/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$21.00||Low|
|6/15/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$21.58 -> $19.00||High|
|11/1/2016||Ladenburg Thalmann Financial Services||Reiterated Rating||Buy||$27.00||N/A|
|9/19/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||$20.00 -> $24.00||N/A|
|9/9/2016||FBR & Co||Reiterated Rating||Outperform||$31.00||N/A|
|9/8/2016||Simmons||Upgrade||Neutral -> Overweight||N/A|
|9/7/2016||Piper Jaffray Companies||Upgrade||Neutral -> Overweight||N/A|
|8/1/2016||Credit Suisse Group||Upgrade||Neutral -> Outperform||N/A|
|3/3/2016||J P Morgan Chase & Co||Reiterated Rating||Neutral||$27.00 -> $22.00||N/A|
|2/23/2016||Barclays PLC||Reiterated Rating||Equal Weight||$25.00 -> $21.00||N/A|
Earnings History for Enbridge Energy Management LLC (NYSE:EEQ)Earnings History by Quarter for Enbridge Energy Management LLC (NYSE EEQ)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/30/2017|| || || || || || || || |
Earnings Estimates for Enbridge Energy Management LLC (NYSE:EEQ)
Current Year EPS Consensus Estimate: $0.58 EPS
Next Year EPS Consensus Estimate: $0.89 EPS
Current Dividend Information for Enbridge Energy Management LLC (NYSE:EEQ)
|Most Recent Dividend:||2/14/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-1,375.00% (Trailing 12 Months of Earnings) |
189.66% (Based on This Year's Estimates)
123.60% (Based on Next Year's Estimates)
Dividend History by Quarter for Enbridge Energy Management LLC (NYSE EEQ)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Enbridge Energy Management LLC (NYSE:EEQ)
Insider Ownership Percentage: 0.30%Insider Trades by Quarter for Enbridge Energy Management LLC (NYSE:EEQ)
Institutional Ownership Percentage: 75.08%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/7/2014||Mark A Maki||Insider||Buy||3,000||$34.67||$104,010.00|| |
Headline Trends for Enbridge Energy Management LLC (NYSE:EEQ)
Latest Headlines for Enbridge Energy Management LLC (NYSE:EEQ)
Enbridge Energy Management LLC (EEQ) Chart for Wednesday, October, 18, 2017