El Paso Electric Company (NYSE:EE) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.00.

EE has been the topic of several research reports. Zacks Investment Research raised shares of El Paso Electric from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, September 19th. ValuEngine raised shares of El Paso Electric from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. BidaskClub raised shares of El Paso Electric from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Bank of America Corporation initiated coverage on shares of El Paso Electric in a report on Tuesday, October 24th. They set a “buy” rating and a $62.00 price objective on the stock. Finally, Mizuho reissued a “hold” rating and set a $55.00 price objective on shares of El Paso Electric in a report on Friday, October 27th.

Shares of El Paso Electric (EE) opened at $59.65 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.47 and a current ratio of 0.63. El Paso Electric has a 12 month low of $44.55 and a 12 month high of $60.70. The firm has a market cap of $2,420.00, a P/E ratio of 24.81, a PEG ratio of 4.41 and a beta of 0.47.

El Paso Electric (NYSE:EE) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.23). El Paso Electric had a net margin of 10.13% and a return on equity of 8.44%. The company had revenue of $297.47 million for the quarter, compared to the consensus estimate of $310.00 million. During the same period in the prior year, the firm posted $1.84 EPS. The business’s revenue was down 8.0% on a year-over-year basis. sell-side analysts expect that El Paso Electric will post 2.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, December 14th. El Paso Electric’s dividend payout ratio is currently 56.07%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in shares of El Paso Electric by 39.9% during the third quarter. Public Employees Retirement System of Ohio now owns 12,927 shares of the utilities provider’s stock valued at $714,000 after buying an additional 3,690 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of El Paso Electric by 48.6% during the third quarter. GSA Capital Partners LLP now owns 17,450 shares of the utilities provider’s stock valued at $964,000 after buying an additional 5,705 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of El Paso Electric by 5.8% during the third quarter. California Public Employees Retirement System now owns 125,884 shares of the utilities provider’s stock valued at $6,955,000 after buying an additional 6,934 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of El Paso Electric by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 990,389 shares of the utilities provider’s stock valued at $54,720,000 after buying an additional 10,194 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of El Paso Electric by 3.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 280,218 shares of the utilities provider’s stock valued at $15,483,000 after buying an additional 10,052 shares during the last quarter. 98.56% of the stock is currently owned by institutional investors and hedge funds.

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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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