Shares of El Paso Electric Company (NYSE:EE) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $53.33.

Several brokerages recently issued reports on EE. Mizuho restated a “hold” rating and set a $56.00 target price on shares of El Paso Electric in a research report on Wednesday. ValuEngine lowered shares of El Paso Electric from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research lowered shares of El Paso Electric from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. BidaskClub upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Jefferies Group LLC restated a “hold” rating and set a $56.00 target price (up from $55.00) on shares of El Paso Electric in a research report on Friday, August 11th.

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El Paso Electric (EE) opened at 56.75 on Friday. The stock’s 50 day moving average is $55.23 and its 200-day moving average is $52.80. The company has a market capitalization of $2.30 billion, a P/E ratio of 20.50 and a beta of 0.47. El Paso Electric has a 52-week low of $42.49 and a 52-week high of $57.00.

El Paso Electric (NYSE:EE) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.14. El Paso Electric had a net margin of 11.45% and a return on equity of 9.95%. The firm had revenue of $251.84 million during the quarter. During the same period in the previous year, the firm earned $0.55 earnings per share. Analysts predict that El Paso Electric will post $2.58 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of El Paso Electric 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 purchasing an additional 5,329,199 shares during the period. Vanguard Group Inc. boosted its position in shares of El Paso Electric 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 purchasing an additional 170,235 shares during the period. FMR LLC boosted its position in shares of El Paso Electric by 0.7% in the second quarter. FMR LLC now owns 1,995,235 shares of the utilities provider’s stock worth $103,154,000 after purchasing an additional 13,300 shares during the period. Northern Trust Corp boosted its position in shares of El Paso Electric by 6.4% in the second quarter. Northern Trust Corp now owns 1,308,227 shares of the utilities provider’s stock worth $67,635,000 after purchasing an additional 78,973 shares during the period. Finally, State Street Corp boosted its position in shares of El Paso Electric by 2.6% in the second quarter. State Street Corp now owns 1,083,231 shares of the utilities provider’s stock worth $56,009,000 after purchasing an additional 27,558 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

About El Paso Electric

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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