Empire District Electric Co. (NYSE:EDE) shares saw an uptick in trading volume on Friday . 326,618 shares traded hands 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.

EDE has been the topic of a number of recent research reports. Barclays PLC lowered shares of Empire District Electric from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $24.00 to $19.00 in a report on Friday, July 1st. Zacks Investment Research upgraded shares of Empire District Electric from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Raymond James Financial Inc. reiterated a “market perform” rating and set a $24.00 price target (down previously from $26.00) on shares of Empire District Electric in a report on Thursday, June 23rd. TD Securities reiterated a “hold” rating and set a $22.00 price target on shares of Empire District Electric in a report on Sunday, June 26th. Finally, Ladenburg Thalmann lowered shares of Empire District Electric from a “buy” rating to a “neutral” rating in a report on Friday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Empire District Electric has an average rating of “Hold” and a consensus price target of $25.80.

The stock has a market cap of $1.48 billion and a price-to-earnings ratio of 26.58. The stock’s 50-day moving average is $33.81 and its 200-day moving average is $32.57.

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

Several institutional investors recently modified their holdings of EDE. I.G. Investment Management LTD. raised its position 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 during the last quarter. WBI Investments Inc. bought a new position in shares of Empire District Electric during the fourth quarter worth approximately $2,019,000. American Investment Services Inc. raised its position 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 during the last quarter. Bank of Montreal Can bought a new position in shares of Empire District Electric during the fourth quarter worth approximately $2,688,000. Finally, New York State Common Retirement Fund raised its position 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 during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.