El Paso Electric Company (NYSE:EE)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group LLC in a report issued on Friday. They currently have a $57.00 price objective on the utilities provider’s stock, up from their previous price objective of $56.00. Jefferies Group LLC’s price objective would suggest a potential upside of 0.44% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of El Paso Electric from a “hold” rating to a “strong sell” rating in a research note on Friday, July 21st. BidaskClub lowered shares of El Paso Electric from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. ValuEngine raised shares of El Paso Electric from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Finally, Mizuho started coverage on shares of El Paso Electric in a research note on Thursday, August 17th. They set a “neutral” rating and a $55.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $55.50.

Shares of El Paso Electric (NYSE:EE) traded up 0.18% during trading on Friday, hitting $56.85. 199,623 shares of the stock traded hands. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 20.54 and a beta of 0.47. El Paso Electric has a 12 month low of $42.49 and a 12 month high of $57.00. The company has a 50 day moving average price of $55.23 and a 200 day moving average price of $52.80.

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

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A number of large investors have recently bought and sold shares of EE. BlackRock Inc. boosted its stake in El Paso Electric by 34,872.4% during the first quarter. BlackRock Inc. now owns 5,344,481 shares of the utilities provider’s stock worth $269,896,000 after acquiring an additional 5,329,199 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in El Paso Electric by 160.3% during the second quarter. Lord Abbett & CO. LLC now owns 349,309 shares of the utilities provider’s stock worth $18,059,000 after acquiring an additional 215,109 shares in the last quarter. Vanguard Group Inc. boosted its stake in El Paso Electric by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,883,762 shares of the utilities provider’s stock worth $196,130,000 after acquiring an additional 170,235 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in El Paso Electric by 75.6% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 389,610 shares of the utilities provider’s stock worth $20,143,000 after acquiring an additional 167,682 shares in the last quarter. Finally, AHL Partners LLP boosted its stake in El Paso Electric by 1,142.2% during the second quarter. AHL Partners LLP now owns 171,392 shares of the utilities provider’s stock worth $8,861,000 after acquiring an additional 157,594 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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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