El Paso Electric Company (NYSE:EE) has been given a consensus broker rating score of 2.50 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price target of $51.00 for the company and are predicting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also assigned El Paso Electric Company an industry rank of 180 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on EE shares. Williams Capital started coverage on shares of El Paso Electric Company in a research note on Wednesday, January 11th. They set a “hold” rating and a $48.00 target price for the company. Jefferies Group LLC reissued a “hold” rating and set a $46.50 target price on shares of El Paso Electric Company in a research note on Tuesday, February 14th. Finally, Zacks Investment Research raised shares of El Paso Electric Company from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, March 14th.
Shares of El Paso Electric Company (NYSE:EE) traded up 0.10% during mid-day trading on Thursday, hitting $51.00. 3,576 shares of the company’s stock traded hands. The firm has a 50-day moving average of $50.75 and a 200 day moving average of $47.53. The company has a market cap of $2.07 billion, a PE ratio of 21.00 and a beta of 0.42. El Paso Electric Company has a 52 week low of $42.42 and a 52 week high of $52.50.
El Paso Electric Company (NYSE:EE) last announced its earnings results on Wednesday, May 3rd. The utilities provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.05. El Paso Electric Company had a return on equity of 8.95% and a net margin of 10.48%. The firm had revenue of $171.34 million for the quarter. During the same period in the previous year, the company earned ($0.14) earnings per share. Equities research analysts predict that El Paso Electric Company will post $2.51 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its stake in El Paso Electric Company by 2.1% in the third quarter. Capstone Asset Management Co. now owns 12,453 shares of the utilities provider’s stock valued at $582,000 after buying an additional 260 shares during the period. Peregrine Capital Management LLC bought a new stake in El Paso Electric Company during the third quarter valued at $9,429,000. Nordea Investment Management AB bought a new stake in El Paso Electric Company during the third quarter valued at $5,588,000. Bank of New York Mellon Corp increased its stake in El Paso Electric Company by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 623,086 shares of the utilities provider’s stock valued at $29,142,000 after buying an additional 29,264 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in El Paso Electric Company by 5.0% in the third quarter. UBS Asset Management Americas Inc. now owns 27,521 shares of the utilities provider’s stock valued at $1,287,000 after buying an additional 1,300 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.
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About El Paso Electric Company
El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was 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. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).
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