Enbridge Energy Management, L.L.C. (EEQ) Forms $9.51 Double Bottom; Bronson Point Management Raised Mcdermott Intl (MDR) Holding

June 20, 2018 - By Henry Gaston

McDermott International, Inc. (NYSE:MDR) Logo

Enbridge Energy Management, L.L.C. (EEQ) formed double bottom with $8.75 target or 8.00% below today’s $9.51 share price. Enbridge Energy Management, L.L.C. (EEQ) has $908.31 million valuation. The stock decreased 0.52% or $0.05 during the last trading session, reaching $9.51. About 274,789 shares traded. Enbridge Energy Management, L.L.C. (NYSE:EEQ) has declined 38.17% since June 20, 2017 and is downtrending. It has underperformed by 50.74% the S&P500. Some Historical EEQ News: ; 18/05/2018 – ENBRIDGE INCOME FUND – BOARD ESTABLISHED A SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO REVIEW AND CONSIDER PROPOSAL FROM ENBRIDGE INC; 10/05/2018 – Enbridge Income Fund 1Q Loss/Shr C$1.06; 05/04/2018 – MEDIA-Enbridge said to seek partial sale of German wind farm stake – Bloomberg; 18/05/2018 – SEP ACKNOWLEDGES ENBRIDGE OFFER & FORMS A CONFLICTS COMMITTEE; 06/04/2018 – InsideSources: Claims That Pruitt Rent Deal Led to Enbridge Line 67 Approval Fail to Understand Pipeline Permits; 10/05/2018 – Enbridge Income Fund 1Q Loss C$184M; 03/04/2018 – Kevin Orland: Enbridge has hired RBC to sell western Canadian gas gathering and processing assets; 03/04/2018 – Enbridge Is Said to Hire RBC to Sell Western Canadian Gas Assets; 05/04/2018 – BNN: Enbridge said to seek partial sale of German wind farm stake; 10/05/2018 – ENBRIDGE CONCLUDES FIRST-QUARTER EARNINGS CONFERENCE CALL

Bronson Point Management Llc increased Mcdermott Intl Inc (MDR) stake by 328.57% reported in 2018Q1 SEC filing. Bronson Point Management Llc acquired 2.30M shares as Mcdermott Intl Inc (MDR)’s stock declined 5.64%. The Bronson Point Management Llc holds 3.00 million shares with $18.27M value, up from 700,000 last quarter. Mcdermott Intl Inc now has $3.65B valuation. The stock decreased 1.26% or $0.26 during the last trading session, reaching $20.31. About 2.84 million shares traded. McDermott International, Inc. (NYSE:MDR) has risen 15.22% since June 20, 2017 and is uptrending. It has outperformed by 2.65% the S&P500. Some Historical MDR News: ; 23/04/2018 – MCDERMOTT, CB&I REPORT GLOBAL NAME, BRANDS FOR COMBINED COMPANY; 23/04/2018 – GLASS LEWIS RECOMMEND MCDERMOTT HOLDERS VOTE FOR CB&I PROPOSALS; 23/04/2018 – Subsea 7 makes $2 bln hostile bid to break up McDermott’s U.S. deal; 11/04/2018 – Fairpointe Capital: Has Voting Control of 5.9% of the Outstanding Shrs of McDermott Intl; 12/04/2018 – MCDERMOTT INTERNATIONAL INC MDR.N FY2018 SHR VIEW $0.49, REV VIEW $3.15 BLN — THOMSON REUTERS l/B/E/S; 17/04/2018 – Leading Proxy Advisor Firm ISS Recommends McDermott Stockholders Vote “FOR” Each of the Proposals Relating to the Combination with CB&I; 12/04/2018 – MCDERMOTT INTERNATIONAL INC – AS OF MARCH 31, 2018, PRELIMINARY TOTAL REVENUE OPPORTUNITY PIPELINE IS ESTIMATED TO BE ABOUT $25.0 BLN; 23/04/2018 – MCDERMOTT, CB&I COMBINED CO. TO RETAIN NAME MCDERMOTT; 18/04/2018 – CHICAGO BRIDGE & IRON – ISS RECOMMENDED CB&I SHAREHOLDERS VOTE “FOR” TRANSACTION WITH MCDERMOTT AT SPECIAL GENERAL MEETING OF SHAREHOLDERS ON MAY 2; 11/04/2018 – MCDERMOTT: RBNZ ENTERING NEXT STAGE OF FRAMEWORK EVOLUTION

Among 4 analysts covering Enbridge Energy Management LLC (NYSE:EEQ), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. Enbridge Energy Management LLC has $31 highest and $12.0 lowest target. $22.67’s average target is 138.38% above currents $9.51 stock price. Enbridge Energy Management LLC had 14 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of Enbridge Energy Management, L.L.C. (NYSE:EEQ) has “Sell” rating given on Thursday, January 11 by Morgan Stanley. The rating was reinitiated by Ladenburg Thalmann on Tuesday, November 1 with “Buy”. The firm has “Neutral” rating by Ladenburg Thalmann given on Friday, March 16. The firm earned “Hold” rating on Monday, September 25 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, November 3. RBC Capital Markets maintained Enbridge Energy Management, L.L.C. (NYSE:EEQ) rating on Thursday, February 18. RBC Capital Markets has “Sector Perform” rating and $19 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, June 15. The company was maintained on Sunday, August 20 by RBC Capital Markets. The stock of Enbridge Energy Management, L.L.C. (NYSE:EEQ) earned “Underweight” rating by Morgan Stanley on Thursday, February 25. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, October 29 report.

Investors sentiment increased to 1.48 in Q1 2018. Its up 0.06, from 1.42 in 2017Q4. It increased, as 16 investors sold Enbridge Energy Management, L.L.C. shares while 30 reduced holdings. 20 funds opened positions while 48 raised stakes. 63.58 million shares or 1.22% less from 64.37 million shares in 2017Q4 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Enbridge Energy Management, L.L.C. (NYSE:EEQ). Advisory Incorporated holds 0.69% in Enbridge Energy Management, L.L.C. (NYSE:EEQ) or 4.22 million shares. Amp Cap Invsts Ltd reported 3.85 million shares or 0.19% of all its holdings. Jpmorgan Chase Company stated it has 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). 56,777 were reported by Bluemountain Capital Management Limited Co. Moreover, Parallax Volatility Advisers Lp has 0% invested in Enbridge Energy Management, L.L.C. (NYSE:EEQ) for 1,020 shares. 68,451 were accumulated by Comml Bank Of Mellon. Teacher Retirement Of Texas reported 15,966 shares. Duncker Streett And has invested 0.04% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). Fifth Third Bancorp reported 3,441 shares. New York-based Blackrock Inc has invested 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). The Ontario – Canada-based Royal Bancorp Of Canada has invested 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ). Parkwood Lc, a Ohio-based fund reported 52,878 shares. Stifel Corp has 0% invested in Enbridge Energy Management, L.L.C. (NYSE:EEQ). First Republic Management stated it has 0% in Enbridge Energy Management, L.L.C. (NYSE:EEQ).

Bronson Point Management Llc decreased Bunge Limited (NYSE:BG) stake by 22,500 shares to 90,000 valued at $6.66 million in 2018Q1. It also reduced Dicks Sporting Goods Inc (NYSE:DKS) stake by 161,000 shares and now owns 125,000 shares. Mondelez Intl Inc (NASDAQ:MDLZ) was reduced too.

Among 12 analysts covering McDermott International (NYSE:MDR), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. McDermott International had 34 analyst reports since August 12, 2015 according to SRatingsIntel. As per Wednesday, October 26, the company rating was maintained by Deutsche Bank. On Thursday, January 25 the stock rating was maintained by Citigroup with “Neutral”. Credit Suisse maintained McDermott International, Inc. (NYSE:MDR) rating on Thursday, February 22. Credit Suisse has “Neutral” rating and $8.8 target. The rating was initiated by Citigroup with “Neutral” on Friday, November 13. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, October 5. Deutsche Bank maintained the stock with “Hold” rating in Thursday, February 22 report. Imperial Capital maintained McDermott International, Inc. (NYSE:MDR) on Thursday, September 3 with “Outperform” rating. As per Monday, March 14, the company rating was maintained by DA Davidson. Scotia Capital maintained the stock with “Hold” rating in Friday, April 28 report. The stock of McDermott International, Inc. (NYSE:MDR) has “Neutral” rating given on Wednesday, July 27 by Citigroup.

Enbridge Energy Management, L.L.C. (NYSE:EEQ) Institutional Positions Chart

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