Wall Street analysts expect Enbridge Energy Partners, L.P. (NYSE:EEP) to post earnings per share of $0.14 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Enbridge Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.17. Enbridge Energy Partners also posted earnings of $0.14 per share during the same quarter last year. The company is scheduled to announce its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Enbridge Energy Partners will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.58 to $0.77. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.84 per share, with EPS estimates ranging from $0.64 to $1.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Enbridge Energy Partners.
Enbridge Energy Partners (NYSE:EEP) last released its earnings results on Thursday, August 2nd. The pipeline company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $563.60 million. Enbridge Energy Partners had a return on equity of 7.59% and a net margin of 9.25%. During the same quarter in the previous year, the business posted $0.14 EPS.
Enbridge Energy Partners traded down $0.04, hitting $11.54, during trading on Friday, according to MarketBeat Ratings. The stock had a trading volume of 7,213,415 shares, compared to its average volume of 1,643,051. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 14.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.21 and a current ratio of 0.28. Enbridge Energy Partners has a 12 month low of $8.89 and a 12 month high of $16.34.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Shareholders of record on Tuesday, August 7th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 12.13%. The ex-dividend date is Monday, August 6th. Enbridge Energy Partners’s dividend payout ratio (DPR) is 175.00%.
Large investors have recently bought and sold shares of the business. Alps Advisors Inc. increased its holdings in shares of Enbridge Energy Partners by 5.9% during the 2nd quarter. Alps Advisors Inc. now owns 17,894,258 shares of the pipeline company’s stock worth $247,120,000 after acquiring an additional 999,662 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Enbridge Energy Partners by 19,269,332.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 9,442,022 shares of the pipeline company’s stock worth $103,201,000 after acquiring an additional 9,441,973 shares during the last quarter. Brookfield Asset Management Inc. increased its holdings in shares of Enbridge Energy Partners by 142.0% during the 1st quarter. Brookfield Asset Management Inc. now owns 9,332,662 shares of the pipeline company’s stock worth $89,967,000 after acquiring an additional 5,476,675 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Enbridge Energy Partners by 8.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,948,518 shares of the pipeline company’s stock worth $38,063,000 after acquiring an additional 318,485 shares during the last quarter. Finally, Maple Brown Abbott Ltd increased its holdings in shares of Enbridge Energy Partners by 2.7% during the 1st quarter. Maple Brown Abbott Ltd now owns 3,093,548 shares of the pipeline company’s stock worth $29,822,000 after acquiring an additional 81,800 shares during the last quarter. 39.10% of the stock is currently owned by hedge funds and other institutional investors.
About Enbridge Energy Partners
Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services assets in the United States. The company's Lakehead system consists of approximately 4,212 miles of pipe and 74 pump stations located in the Great Lakes and Midwest regions of the United States.
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