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

A number of 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 reiterated a “hold” rating and issued a $47.00 price objective (up previously from $44.00) on shares of El Paso Electric in a research report on Saturday, May 7th.

The company has a market capitalization of $1.82 billion and a price-to-earnings ratio of 24.64. The company has a 50-day moving average of $47.04 and a 200-day moving average of $44.74.

El Paso Electric (NYSE:EE) last released its earnings results on Wednesday, August 3rd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.25. The company earned $217.87 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the firm earned $0.52 EPS. Analysts forecast that El Paso Electric Co. will post $2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, September 12th.

A number of institutional investors have made changes to their positions in EE. State of Wisconsin Investment Board increased its position 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 worth $3,129,000 after buying an additional 2,430 shares during the period. Bank of Montreal Can increased its position 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 worth $3,225,000 after buying an additional 63,401 shares during the period. Matarin Capital Management LLC acquired a new position in shares of El Paso Electric during the fourth quarter worth $5,869,000. Russell Frank Co increased its position 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 worth $2,858,000 after buying an additional 9,418 shares during the period. Finally, Comerica Bank increased its position in shares of El Paso Electric by 0.8% in the fourth quarter. Comerica Bank now owns 41,243 shares of the company’s stock worth $1,576,000 after buying an additional 332 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.

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.