Shares of El Paso Electric Company (NYSE:EE) have been assigned an average broker rating score of 0.00 () from the four brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a one year consensus target price of $49.83 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned El Paso Electric Company an industry rank of 152 out of 265 based on the ratings given to its competitors.
EE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of El Paso Electric Company from a “sell” rating to a “hold” rating in a research report on Wednesday, December 7th. Williams Capital initiated coverage on shares of El Paso Electric Company in a research report on Wednesday, January 11th. They set a “hold” rating and a $48.00 target price for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $46.50 target price on shares of El Paso Electric Company in a research report on Tuesday, February 14th.
Several large investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in shares of El Paso Electric Company by 2.1% in the third quarter. Capstone Asset Management Co. now owns 12,453 shares of the company’s stock worth $582,000 after buying an additional 260 shares during the period. Nisa Investment Advisors LLC boosted its stake in El Paso Electric Company by 32.2% in the third quarter. Nisa Investment Advisors LLC now owns 30,800 shares of the company’s stock valued at $1,441,000 after buying an additional 7,500 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in El Paso Electric Company during the third quarter valued at $558,000. Great West Life Assurance Co. Can boosted its stake in El Paso Electric Company by 3.8% in the third quarter. Great West Life Assurance Co. Can now owns 55,750 shares of the company’s stock valued at $2,606,000 after buying an additional 2,023 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in El Paso Electric Company during the third quarter valued at $9,429,000. Institutional investors and hedge funds own 94.96% of the company’s stock.
Shares of El Paso Electric Company (NYSE:EE) opened at 49.55 on Tuesday. The company’s 50-day moving average is $47.88 and its 200 day moving average is $46.26. El Paso Electric Company has a 1-year low of $42.42 and a 1-year high of $49.90. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 20.73 and a beta of 0.42.
El Paso Electric Company (NYSE:EE) last announced its earnings results on Thursday, February 23rd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. The business earned $188 million during the quarter. El Paso Electric Company had a net margin of 10.48% and a return on equity of 8.95%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS. On average, analysts expect that El Paso Electric Company will post $2.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Wednesday, March 15th. El Paso Electric Company’s dividend payout ratio (DPR) is currently 54.63%.
El Paso Electric Company Company Profile
El Paso Electric Company is engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. The Company owns or has ownership interests in several electrical generating facilities providing it with a generating capability of over 2,055 Megawatts.
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