Media coverage about El Paso Electric Company (NYSE:EE) has trended positive this week, according to Alpha One. Alpha One, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. El Paso Electric Company earned a coverage optimism score of 0.30 on Alpha One’s scale. Alpha One also assigned media headlines about the utilities provider an impact score of 97 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
A number of brokerages have recently weighed in on EE. Jefferies Group LLC reiterated a “hold” rating and issued a $48.50 target price on shares of El Paso Electric Company in a report on Friday, February 24th. Zacks Investment Research upgraded El Paso Electric Company from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Tuesday, March 14th. Finally, Williams Capital began coverage on El Paso Electric Company in a report on Wednesday, January 11th. They issued a “hold” rating and a $48.00 target price on the stock.
Shares of El Paso Electric Company (NYSE:EE) traded up 1.18% during midday trading on Friday, hitting $51.65. The company had a trading volume of 159,039 shares. The firm has a market capitalization of $2.09 billion, a P/E ratio of 21.61 and a beta of 0.42. El Paso Electric Company has a 12-month low of $42.42 and a 12-month high of $51.70. The firm’s 50-day moving average is $49.73 and its 200-day moving average is $46.79.
El Paso Electric Company (NYSE:EE) last released its quarterly earnings results on Thursday, February 23rd. The utilities provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. El Paso Electric Company had a return on equity of 8.95% and a net margin of 10.48%. The firm had revenue of $188 million for the quarter. During the same quarter last year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts predict that El Paso Electric Company will post $2.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were given a $0.31 dividend. The ex-dividend date was Wednesday, March 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.40%. El Paso Electric Company’s dividend payout ratio (DPR) is presently 54.63%.
About El Paso Electric Company
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 Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Paso Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.