Enbridge Energy Partners, L.P. (EEP) Upgraded by Simmons to "Overweight"

Williams Partners LP closed down -0.23 points or -0.60% at $37.87 with 7,91,171 shares getting traded on Thursday. He writes articles for Analysis of different Companies including news and analyst rating updates.

The two companies entered a merger agreement today under which they will combine in a stock-for-stock merger transaction, in a deal valued at US$28 billion (£20.9 billion).

01/29/2016 - NextEra Energy Partners, LP had its "outperform" rating reiterated by analysts at BMO Capital Markets. They now have a Dollars 7 price target on the stock.

10/31/2015 - Southcross Energy Partners, L.P. had its "neutral" rating reiterated by analysts at Robert W. Baird.

11/17/2015 - Scotiabank began new coverage on NextEra Energy Partners, LP giving the company a "sector perform" rating. They now have a Dollars 23 price target on the stock. Goldman Sachs downgraded the shares of ENB in a report on July 20 to "Neutral" rating.

01/08/2016 - Southcross Energy Partners, L.P. was downgraded to "hold" by analysts at Wunderlich.

The President and CEO of Spectra Energy, Greg Ebel, who will become the chairman of Enbridge after the closing of the transaction, considers the result of this merger to be "the best, most diversified energy infrastructure company in North America, if not in the world".

08/31/2015 - NextEra Energy Partners, LP was upgraded to "overweight" by analysts at KeyBanc. They now have a Dollars 8 price target on the stock.

08/04/2015 - NextEra Energy Partners, LP had its "buy" rating reiterated by analysts at Mizuho. The stock's weekly volatility was 2.94% and the RSI amounts to 47.11. They now have a Dollars 52 price target on the stock.

08/07/2015 - Southcross Energy Partners, L.P. was downgraded to "hold" by analysts at Stifel Nicolaus.

Many Wall Street Analysts have commented on Williams Partners LP. They now have a Dollars 44 price target on the stock.

Spectra Energy Corp. (NYSE:SE) shares ended last trading session at the price of $41.92 whereas a number of traders indicating mean target price will hit $38.67 over the next twelve months, mean value of price target most recently revised on 08/19/16. During its last trading session, Stock traded with the total exchanged volume of 24.17 million shares.

Investors were upbeat on the future prospects of this merger, as ENB stock surged about four percent in Toronto to CA$55.3, adding to 17% capital appreciation investors received so far this year.

United States of America based company, Spectra Energy Corp.'s (SE)'s latest closing price distance was 39.29% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 16.23% and 15.65% compared with the 20 Day Moving Average.

Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. Atlantic-Gulf segment includes its interstate natural gas pipeline Transcontinental Gas Pipeline Company LLC (Transco) and natural gas gathering and processing and crude oil production handling and transportation. As a generator of energy, Enbridge has interests in over 2, 200 megawatts (MW) of renewable and alternative energy generating capacity and is involved in holding its interests in wind, solar and geothermal power.

  • Zachary Reyes