Williams Capital Weighs in on El Paso Electric Company’s Q4 2017 Earnings (EE)
El Paso Electric Company (NYSE:EE) – Analysts at Williams Capital dropped their Q4 2017 earnings estimates for El Paso Electric in a report issued on Thursday. Williams Capital analyst C. Ellinghaus now expects that the utilities provider will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.29. Williams Capital also issued estimates for El Paso Electric’s Q1 2018 earnings at ($0.06) EPS, Q3 2018 earnings at $1.71 EPS, Q4 2018 earnings at $0.11 EPS and FY2019 earnings at $2.55 EPS.
El Paso Electric (NYSE:EE) last announced its earnings results on Wednesday, May 3rd. The utilities provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.05. The company had revenue of $171.34 million for the quarter. El Paso Electric had a net margin of 10.95% and a return on equity of 9.34%. During the same quarter in the prior year, the firm posted ($0.14) EPS. COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/24/williams-capital-weighs-in-on-el-paso-electric-companys-q4-2017-earnings-ee.html.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of El Paso Electric from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub lowered shares of El Paso Electric from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Jefferies Group LLC boosted their target price on shares of El Paso Electric from $48.50 to $52.00 and gave the company a “hold” rating in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $51.33.
Shares of El Paso Electric (EE) opened at 53.00 on Monday. El Paso Electric has a one year low of $42.49 and a one year high of $55.45. The company’s 50 day moving average price is $52.53 and its 200 day moving average price is $49.97. The stock has a market capitalization of $2.15 billion, a P/E ratio of 21.82 and a beta of 0.49.
Institutional investors have recently made changes to their positions in the stock. Neuburgh Advisers LLC raised its position in shares of El Paso Electric by 1.1% in the first quarter. Neuburgh Advisers LLC now owns 2,068 shares of the utilities provider’s stock valued at $104,000 after buying an additional 22 shares in the last quarter. Tyers Asset Management LLC raised its position in shares of El Paso Electric by 1.1% in the first quarter. Tyers Asset Management LLC now owns 2,632 shares of the utilities provider’s stock valued at $133,000 after buying an additional 28 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of El Paso Electric by 1.1% in the first quarter. Flinton Capital Management LLC now owns 3,196 shares of the utilities provider’s stock valued at $161,000 after buying an additional 34 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of El Paso Electric during the first quarter valued at $176,000. Finally, State of Alaska Department of Revenue raised its position in shares of El Paso Electric by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,480 shares of the utilities provider’s stock valued at $226,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.
In other news, Director Charles Yamarone sold 3,500 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $52.47, for a total transaction of $183,645.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $524,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.34 annualized dividend and a dividend yield of 2.53%. This is a positive change from El Paso Electric’s previous quarterly dividend of $0.31. El Paso Electric’s dividend payout ratio is currently 55.14%.
El Paso Electric Company Profile
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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