Mizuho restated their hold rating on shares of El Paso Electric (NYSE:EE) in a research report released on Wednesday morning. Mizuho currently has a $54.00 target price on the utilities provider’s stock.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded El Paso Electric from a hold rating to a buy rating and set a $61.00 price target on the stock in a research note on Tuesday, September 19th. ValuEngine upgraded El Paso Electric from a hold rating to a buy rating in a research note on Friday, November 10th. Bank of America initiated coverage on El Paso Electric in a research note on Tuesday, October 24th. They issued a buy rating and a $62.00 price target on the stock. Finally, Jefferies Group reiterated a hold rating and issued a $57.00 price target (up previously from $56.00) on shares of El Paso Electric in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $58.50.

El Paso Electric (NYSE:EE) traded down $0.45 during trading on Wednesday, reaching $51.05. The company’s stock had a trading volume of 205,985 shares, compared to its average volume of 255,748. El Paso Electric has a 12-month low of $44.70 and a 12-month high of $61.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.47 and a current ratio of 0.63. The company has a market cap of $2,070.00, a price-to-earnings ratio of 21.36, a PEG ratio of 3.71 and a beta of 0.48.

El Paso Electric (NYSE:EE) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.47 earnings per share (EPS) 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 business had revenue of $297.47 million during the quarter, compared to the consensus estimate of $310.00 million. During the same quarter in the previous year, the business posted $1.84 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. equities analysts expect that El Paso Electric will post 2.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.335 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.34 annualized dividend and a dividend yield of 2.62%. El Paso Electric’s payout ratio is 56.07%.

Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in El Paso Electric during the 3rd quarter worth $179,000. Sciencast Management LP bought a new stake in El Paso Electric during the 2nd quarter worth $202,000. 1st Global Advisors Inc. bought a new stake in El Paso Electric during the 2nd quarter worth $202,000. Shelton Capital Management bought a new stake in El Paso Electric during the 2nd quarter worth $208,000. Finally, Neuberger Berman Group LLC bought a new stake in El Paso Electric during the 2nd quarter worth $221,000. Institutional investors own 98.66% of the company’s stock.

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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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