Opinion

Enbridge Energy Partners, L.P. (NYSE:EEP) Analyst Estimates And Rating

Enbridge Energy Partners, L.P. (NYSE:EEP) stock is presently standing at about $17.56 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 8 analysts covering the company is $20.50, which suggests the stock could still rise over 14 percent. The highest analyst price target is $23.00, which implies a rally of 69 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 2 rate EEP a strong buy. There are 6 equity research firms advocating a Hold and 0 consider it Sell.

Mizuho analysts provided their view on Enbridge Energy Partners, L.P. (NYSE:EEP) recently. The rating firm issued a Neutral rating to this company in a research note released on Jan 30, 2017. Mizuho analysts disclosed their opinion on Enbridge Energy Partners, L.P. (NYSE:EEP) recently. The rating firm gave a Buy rating to this stock in a research note published on Sep 30, 2016. According to a research note disclosed on Sep 19, 2016, analysts at Goldman have upped their rating on these shares from Sell to Neutral.

Enbridge Energy Partners, L.P. (NYSE:EEP) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Vice President – Finance Neyland Stephen J Purchased 1,200 company shares for 23980, in a transaction on 2015-12-17. Following the transaction, the Vice President – Finance is left with a stake of 1,200 shares, currently valued at $21072. Meanwhile, Vice President-Natural Gas Mar Coy Janet L purchased 11 shares worth $320, through a transaction dated 2014-02-14. Following the completion of the transaction, the insider is left with a stake of 589 shares, amounting $10342.84. EEP Director Westbrook Dan Allen also purchased 2,000 shares, at a stock price of $27.61. This transaction occurred on 2013-03-07 totals $55220. After this transaction, the insider’s stake stands at 7,000 shares, with a market value of $122920.

Executives hold 2.97 percent of the stock. Caisse De Depot Et Placement Du Quebec is one of the biggest insider owners in Enbridge Energy Partners, L.P. (NYSE:EEP), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 12,827,152 shares which have current market value of around $225244789.12.Stephen J. J. Letwin is another major inside shareholder in the company. The insider owns 15,000 shares as of less than 0.1%, currently worth $263400. James Herbert England is ranked as third insider holder of the stock. This insider holds 8,626 shares with a market value around $151472.56 as of recent close.

Enbridge Energy Partners, L.P. (NYSE:EEP) Earnings Outlook

In Enbridge Energy Partners, L.P. (NYSE:EEP)’s latest quarter, EPS moved to $0.14 from $0.09 in preceding quarter and revenues reached at $1,250.80M compared to $1,120.60M. Analysts had expected Enbridge Energy Partners, L.P. (NYSE:EEP) to post net income of about $0.10 per share on $1,129.06M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.02 to $0.12. That is compared with the $0.17 in EPS it reported during the same period a year ago.

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