El Paso Electric Co. (NYSE:EE)’s share price was down 0.8% during trading on Monday . The stock traded as low as $46.39 and last traded at $46.48, with a volume of 57,582 shares trading hands. The stock had previously closed at $46.84.

Several equities analysts have commented on EE shares. Zacks Investment Research upgraded El Paso Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Jefferies Group reissued a “hold” rating and issued a $47.00 price target (up previously from $44.00) on shares of El Paso Electric in a research note on Saturday, May 7th.

The firm’s 50 day moving average is $47.07 and its 200 day moving average is $44.71. The company has a market capitalization of $1.86 billion and a P/E ratio of 25.15.

El Paso Electric (NYSE:EE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.25. The firm earned $217.87 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period in the previous year, the business posted $0.52 EPS. Equities analysts expect that El Paso Electric Co. will post $2.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 14th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.70%. The ex-dividend date is Monday, September 12th.

Other large investors have recently modified their holdings of the company. State of Wisconsin Investment Board raised its stake in shares of El Paso Electric by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 81,266 shares of the company’s stock valued at $3,129,000 after buying an additional 2,430 shares during the period. Dean Investment Associates LLC raised its stake in shares of El Paso Electric by 7.3% in the fourth quarter. Dean Investment Associates LLC now owns 98,645 shares of the company’s stock valued at $3,798,000 after buying an additional 6,720 shares during the period. Bank of Montreal Can raised its stake in shares of El Paso Electric by 311.7% in the fourth quarter. Bank of Montreal Can now owns 83,742 shares of the company’s stock valued at $3,225,000 after buying an additional 63,401 shares during the period. Matarin Capital Management LLC purchased a new stake in shares of El Paso Electric during the fourth quarter valued at about $5,869,000. Finally, Russell Frank Co raised its stake in shares of El Paso Electric by 14.9% in the fourth quarter. Russell Frank Co now owns 72,833 shares of the company’s stock valued at $2,858,000 after buying an additional 9,418 shares during the period.

El Paso Electric Company is 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. The Company owns or has ownership interests in several electrical generating facilities providing it with a generating capability of over 2,055 Megawatts.

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