What Are Institutional Investors Doing with Their EEP Holdings?



Institutions hold more than 70% of EEP’s float

Nearly 74% of Enbridge Energy Partners’ (EEP) floating shares are currently held by ~380 institutional investors. The partnership’s percentage of float held has remained flat since the end of 3Q16. Float represents a company’s shares available for trading to common investors excluding closely-held shares and restricted shares.

The number of new institutional buyers of Enbridge Energy Partners’ shares rose from 43 at the end of 3Q16 to 48 on November 9, 2016. The total number of buyers fell 2% to 90 during the same period. At the same time, the number of sellers rose from 134 to 135, and the number of sell-offs fell from 42 to 38.

The table above summarizes the institutional investor activity in Enbridge Energy Partners’ shares. The percentage of EEP’s total shares held by institutional investors is 61%.

In comparison, institutional investors own nearly 57% of Enterprise Products Partners’ (EPD) float and 72% of Kinder Morgan’s (KMI) float.

Article continues below advertisement

Top institutional holders

Enbridge (ENB) holds nearly 18% of Enbridge Energy Partners’ outstanding shares. Nomura, Alps Advisors, and Massachusetts Mutual are EEP’s top three institutional holders, owning 5.3%, 5.2%, and 4.8% of its outstanding shares, respectively. According to their respective latest filings, both Alps Advisors and Massachusetts Mutual have increased their EEP holdings, while Nomura’s holdings have remained unchanged.

In the next part of this series, we’ll take a look at the changes in short interest in Enbridge Energy Partners’ stock.


More From Market Realist