Mizuho reiterated their hold rating on shares of El Paso Electric (NYSE:EE) in a research report sent to investors on Wednesday. They currently have a $54.00 price objective on the utilities provider’s stock.

Several other analysts have also weighed in on EE. Jefferies Group lowered shares of El Paso Electric from a hold rating to an underperform rating in a research report on Monday, October 16th. ValuEngine lowered shares of El Paso Electric from a buy rating to a hold rating in a research report on Tuesday, December 26th. 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. Finally, Bank of America lowered shares of El Paso Electric from a buy rating to a neutral rating and set a $62.00 price target on the stock. in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. El Paso Electric has an average rating of Hold and an average target price of $58.50.

Shares of El Paso Electric (EE) traded down $0.45 during trading on Wednesday, hitting $51.05. 205,985 shares of the stock traded hands, compared to its average volume of 255,748. 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 1-year low of $44.70 and a 1-year high of $61.15. The firm has a market cap of $2,070.00, a price-to-earnings ratio of 21.36, a P/E/G ratio of 3.71 and a beta of 0.48.

El Paso Electric (NYSE:EE) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.47 earnings per share for the quarter, missing the 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 for the quarter, compared to analyst estimates of $310.00 million. During the same quarter last year, the firm posted $1.84 earnings per share. El Paso Electric’s revenue was down 8.0% on a year-over-year basis. sell-side analysts predict that El Paso Electric will post 2.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.335 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.34 dividend on an annualized basis and a yield of 2.62%. El Paso Electric’s dividend payout ratio (DPR) is presently 56.07%.

A number of large investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in El Paso Electric by 1.0% in the second quarter. Amalgamated Bank now owns 5,529 shares of the utilities provider’s stock valued at $286,000 after buying an additional 55 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in El Paso Electric by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 9,237 shares of the utilities provider’s stock valued at $478,000 after buying an additional 90 shares in the last quarter. Stifel Financial Corp raised its stake in shares of El Paso Electric by 6.8% in the second quarter. Stifel Financial Corp now owns 7,494 shares of the utilities provider’s stock worth $385,000 after acquiring an additional 476 shares during the last quarter. Summit Global Investments raised its stake in shares of El Paso Electric by 9.4% in the second quarter. Summit Global Investments now owns 9,300 shares of the utilities provider’s stock worth $481,000 after acquiring an additional 800 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of El Paso Electric by 0.9% in the second quarter. Goldman Sachs Group Inc. now owns 89,786 shares of the utilities provider’s stock worth $4,642,000 after acquiring an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

WARNING: This news story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://theolympiareport.com/2018/01/15/el-paso-electrics-ee-hold-rating-reaffirmed-at-mizuho.html.

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).

Receive News & Ratings for El Paso Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Paso Electric and related companies with MarketBeat.com's FREE daily email newsletter.