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El Paso Electric Company (NYSE:EE) Director James W. Harris sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $36.66, for a total value of $73,320.00. Following the transaction, the director now directly owns 49,132 shares of the company’s stock, valued at approximately $1,801,179. The transaction was disclosed in a document filed with the SEC, which is available at this link.

A number of analysts have recently weighed in on EE shares. Analysts at Jefferies Group cut their price target on shares of El Paso Electric Company from $39.00 to $37.00 in a research note on Thursday. They now have a “hold” rating on the stock.

El Paso Electric Company (NYSE:EE) traded down 0.33% on Monday, hitting $36.64. The stock had a trading volume of 103,774 shares. El Paso Electric Company has a one year low of $32.26 and a one year high of $40.43. The stock’s 50-day moving average is $38.55 and its 200-day moving average is $36.79. The company has a market cap of $1.478 billion and a P/E ratio of 17.18.

El Paso Electric Company (NYSE:EE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $255.21 million for the quarter, compared to the consensus estimate of $244.80 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, analysts predict that El Paso Electric Company will post $2.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, September 11th.

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.

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