Enbridge Energy Partners, L.P. Has Another Very Negative Options Trading Session

 Enbridge Energy Partners, L.P. Has Another Very Negative Options Trading Session

In today’s session Enbridge Energy Partners, L.P. (EEP) recorded an unusually high (446) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious EEP decrease. With 446 contracts traded and 4184 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: EEP170120P00020000 closed last at: $0.55 or 37.5% up. About 266,618 shares traded hands. Enbridge Energy Partners, L.P. (NYSE:EEP) has risen 30.20% since April 5, 2016 and is uptrending. It has outperformed by 28.24% the S&P500.

Enbridge Energy Partners, L.P. (NYSE:EEP) Ratings Coverage

Out of 13 analysts covering Enbridge Energy Partners (NYSE:EEP), 8 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 62% are positive. $42 is the highest target while $5 is the lowest. The $25.75 average target is 15.73% above today’s ($22.25) stock price. Enbridge Energy Partners has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. The stock of Enbridge Energy Partners, L.P. (NYSE:EEP) has “Buy” rating given on Friday, July 29 by UBS. The firm has “Outperform” rating given on Thursday, February 18 by Credit Suisse. The rating was upgraded by Credit Suisse to “Outperform” on Monday, December 21. The firm has “Underweight” rating given on Thursday, February 25 by Morgan Stanley. The firm has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. The rating was reinitiated by Ladenburg Thalmann on Tuesday, November 1 with “Buy”. The company was initiated on Friday, September 9 by FBR Capital. Simmons & Co upgraded the stock to “Overweight” rating in Wednesday, September 7 report. The stock has “Neutral” rating given by Credit Suisse on Tuesday, November 3.

According to Zacks Investment Research, “Enbridge Energy Partners, L.P. owns the U.S. portion of the world’s longest liquid petroleum pipeline. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, holds an effective 14.5% interest in the Partnership. (Press Release)”

Insitutional Activity: The institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.10, from 0.72 in 2016Q1. The ratio increased, as 28 funds sold all Enbridge Energy Partners, L.P. shares owned while 86 reduced positions. 29 funds bought stakes while 64 increased positions. They now own 129.88 million shares or 4.73% less from 136.33 million shares in 2016Q1.
Raymond James Financial Svcs Advisors holds 125,664 shares or 0.03% of its portfolio. The Pennsylvania-based Cbre Clarion Limited Liability Company has invested 0.07% in Enbridge Energy Partners, L.P. (NYSE:EEP). Citadel Advsr Ltd Limited Liability Company accumulated 40,144 shares or 0% of the stock. Plancorp Llc accumulated 34,250 shares or 0.71% of the stock. Diversified Tru holds 0.06% or 22,168 shares in its portfolio. United Financial Advisers Limited Liability Com, a California-based fund reported 13,853 shares. Creative Planning holds 535,746 shares or 0.09% of its portfolio. Moreover, X Management Ltd has 0.73% invested in Enbridge Energy Partners, L.P. (NYSE:EEP) for 617,508 shares. Macquarie Gru holds 0.01% or 201,800 shares in its portfolio. Cohen & Steers accumulated 460,000 shares or 0.03% of the stock. Cypress Asset Management Incorporated Tx reported 9,125 shares or 0.04% of all its holdings. Northern accumulated 0% or 61,693 shares. Moreover, Lpl Financial Limited Liability has 0.01% invested in Enbridge Energy Partners, L.P. (NYSE:EEP) for 76,645 shares. Old Second Bank Of Aurora holds 500 shares or 0.01% of its portfolio. Moreover, Amer Assets Investment Mngmt Ltd Liability has 0.12% invested in Enbridge Energy Partners, L.P. (NYSE:EEP) for 22,000 shares.

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 has a market cap of $7.86 billion. 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 , through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. It currently has negative earnings. The Firm operates in two business divisions: Liquids and Natural Gas.

EEP Company Profile

Enbridge Energy Partners, L.P., incorporated on October 16, 1991, 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 Firm operates in two business divisions: Liquids and Natural Gas.

More recent Enbridge Energy Partners, L.P. (NYSE:EEP) news were published by: Nasdaq.com which released: “RSI Alert: Enbridge Energy Partners Now Oversold” on November 03, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” on November 01, 2016. Marketwired.com‘s news article titled: “Enbridge Energy Partners, L.P. to Webcast Its 2016 Third Quarter Financial Results” with publication date: October 14, 2016 was also an interesting one.

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