Enbridge Energy Partners, L.P. (NYSE:EEP), maintained return on investment for the last twelve months at -0.87, higher than what Reuters data shows regarding industry's average. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 1.13.
Enbridge Energy, L.P. (NYSE:EEP) witnessed a decline in the market cap on Thursday as its shares dropped 0.49% or 0.09 points. This represents a $2.33 dividend on an annualized basis and a yield of 12.71%. Enbridge Energy, L.P.'s revenue was up 10.0% compared to the same quarter a year ago.
While if we look at the Earnings Track Record, Enbridge Energy Partners, L.P. (EEP) managed to surpass quarterly earnings per share estimates in 4 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 33%. The overall volume in the last trading session was 2.03 million shares. The consensus price target (PT) of $22.28 means that the market expects Company shares to increase by 21.9% in the short run.
As part of the clearance, the FTC today voted to accept a proposed consent decree in which Enbridge and Spectra Energy have agreed, following the closing of their proposed combination, to enact firewalls governing the flow of certain information to Enbridge about the Discovery offshore Gulf of Mexico natural gas pipeline system (Discovery), and to take certain other steps limiting Enbridge's potential influence over actions related to Discovery. The company has a 52-week high of $26.365. Year-to-Date the stock performance stands at 1.84%.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Enbridge Energy Partners L.P. was Reiterated by FBR & Co. on Jan 31, 2017 to Outperform, Lowers Price Target to $ 22 from a previous price target of $29.Enbridge Energy Partners L.P. was Downgraded by Mizuho on Jan 30, 2017 to Neutral, Lowers Price Target to $ 22 from a previous price target of $29. Brown Brothers Harriman & Co. bought a new position in shares of Enbridge Energy, L.P. during the third quarter worth about $127,000. Analyst had a consensus estimate of $0.14. The 1 year EPS growth rate is -137.60%. The companys revenue was up 10.0% compared to the same quarter previous year. The company had revenue of $1075.00 million for the quarter, compared to analysts expectations of $1161.34 million. Spectra Energy holds an ownership interest in Discovery through its indirect ownership interest in DCP Midstream, LP, which holds a 40 percent ownership interest in Discovery.
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.