Shares of Empire District Electric Co. (NYSE:EDE) saw unusually-strong trading volume on Friday . Approximately 326,618 shares were traded during mid-day trading, an increase of 74% from the previous session’s volume of 187,895 shares.The stock last traded at $33.73 and had previously closed at $33.78.

A number of analysts recently commented on EDE shares. Zacks Investment Research downgraded shares of Empire District Electric from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. TD Securities reiterated a “hold” rating and issued a $22.00 target price (down from $24.00) on shares of Empire District Electric in a report on Friday, April 15th. Raymond James Financial Inc. reiterated a “market perform” rating and issued a $24.00 target price (down from $26.00) on shares of Empire District Electric in a report on Thursday, June 23rd. Barclays PLC downgraded shares of Empire District Electric from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $24.00 to $19.00 in a report on Friday, July 1st. Finally, Ladenburg Thalmann downgraded shares of Empire District Electric from a “buy” rating to a “neutral” rating in a report on Friday, April 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.80.

The stock’s 50 day moving average price is $33.81 and its 200-day moving average price is $32.53. The stock has a market cap of $1.48 billion and a price-to-earnings ratio of 26.58.

Empire District Electric (NYSE:EDE) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. Equities research analysts forecast that Empire District Electric Co. will post $1.47 EPS for the current fiscal year.

A number of large investors recently modified their holdings of the company. American Investment Services Inc. raised its stake in shares of Empire District Electric by 14.5% in the fourth quarter. American Investment Services Inc. now owns 50,948 shares of the company’s stock worth $1,430,000 after buying an additional 6,436 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Empire District Electric by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 51,381 shares of the company’s stock worth $1,442,000 after buying an additional 2,155 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Empire District Electric by 10.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 52,330 shares of the company’s stock worth $1,469,000 after buying an additional 4,831 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Empire District Electric by 26.0% in the fourth quarter. Nationwide Fund Advisors now owns 54,886 shares of the company’s stock worth $1,541,000 after buying an additional 11,324 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its stake in shares of Empire District Electric by 0.3% in the fourth quarter. I.G. Investment Management LTD. now owns 58,478 shares of the company’s stock worth $1,641,000 after buying an additional 152 shares in the last quarter.

The Empire District Electric Company is a regulated utility company. The Company is engaged in the generation, purchase, transmission, distribution and sale of electricity. It provides its services with in Missouri, Kansas, Oklahoma and Arkansas. It operates its businesses in three segments: electric, gas and other.

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