El Paso Electric Company (NYSE:EE) has been given a consensus broker rating score of 2.50 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 1-year consensus price objective of $52.00 for the company and are forecasting that the company will post $0.67 earnings per share for the current quarter, according to Zacks. Zacks has also assigned El Paso Electric Company an industry rank of 156 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on the company. BidaskClub cut El Paso Electric Company from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research cut El Paso Electric Company from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC lifted their price target on El Paso Electric Company from $48.50 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, May 4th.

El Paso Electric Company (EE) opened at 52.65 on Monday. The firm has a 50-day moving average of $52.85 and a 200-day moving average of $49.26. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.68 and a beta of 0.52. El Paso Electric Company has a 12-month low of $42.49 and a 12-month high of $55.45.

El Paso Electric Company (NYSE:EE) last issued its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.05. The company had revenue of $171.34 million during the quarter. El Paso Electric Company had a return on equity of 9.34% and a net margin of 10.95%. During the same quarter in the prior year, the company earned ($0.14) earnings per share. Equities research analysts forecast that El Paso Electric Company will post $2.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.335 per share. The ex-dividend date is Wednesday, June 14th. This is a positive change from El Paso Electric Company’s previous quarterly dividend of $0.31. This represents a $1.34 dividend on an annualized basis and a yield of 2.55%. El Paso Electric Company’s dividend payout ratio (DPR) is presently 55.14%.

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In other El Paso Electric Company news, Director Charles Yamarone sold 3,500 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $52.47, for a total transaction of $183,645.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at approximately $524,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.33% of the company’s stock.

A number of large investors have recently made changes to their positions in EE. BlackRock Inc. raised its stake in shares of El Paso Electric Company by 34,872.4% in the first quarter. BlackRock Inc. now owns 5,344,481 shares of the utilities provider’s stock worth $269,896,000 after buying an additional 5,329,199 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of El Paso Electric Company by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,883,762 shares of the utilities provider’s stock worth $196,130,000 after buying an additional 170,235 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of El Paso Electric Company by 4.0% in the first quarter. Victory Capital Management Inc. now owns 1,071,469 shares of the utilities provider’s stock worth $54,109,000 after buying an additional 40,772 shares during the last quarter. State Street Corp raised its stake in shares of El Paso Electric Company by 5.8% in the first quarter. State Street Corp now owns 1,055,673 shares of the utilities provider’s stock worth $53,314,000 after buying an additional 57,564 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of El Paso Electric Company by 5.5% in the first quarter. Macquarie Group Ltd. now owns 986,255 shares of the utilities provider’s stock worth $49,806,000 after buying an additional 51,724 shares during the last quarter. Hedge funds and other institutional investors own 96.85% of the company’s stock.

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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