Empire District Electric Co. (NYSE:EDE) saw strong trading volume on Tuesday . 177,050 shares were traded during trading, a decline of 1% from the previous session’s volume of 179,746 shares.The stock last traded at $33.85 and had previously closed at $33.78.

Several analysts recently commented on the stock. Ladenburg Thalmann downgraded shares of Empire District Electric from a “buy” rating to a “neutral” rating in a research report on Friday, April 29th. Zacks Investment Research raised shares of Empire District Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. TD Securities reissued a “hold” rating and set a $22.00 price objective on shares of Empire District Electric in a research report on Sunday, June 26th. Barclays PLC downgraded shares of Empire District Electric from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $24.00 to $19.00 in a research report on Friday, July 1st. Finally, Raymond James Financial Inc. reaffirmed 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. 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 stock. Empire District Electric currently has an average rating of “Hold” and an average price target of $25.80.

The firm has a market cap of $1.49 billion and a P/E ratio of 25.48. The stock has a 50-day moving average price of $33.79 and a 200-day moving average price of $33.30.

Empire District Electric (NYSE:EDE) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. On average, analysts expect that Empire District Electric Co. will post $1.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.26 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $1.04 annualized dividend and a dividend yield of 3.07%.

Other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of Empire District Electric by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 137,800 shares of the company’s stock worth $3,868,000 after buying an additional 2,500 shares in the last quarter. Russell Frank Co increased its position in shares of Empire District Electric by 1.4% in the fourth quarter. Russell Frank Co now owns 111,614 shares of the company’s stock worth $3,189,000 after buying an additional 1,592 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Empire District Electric during the fourth quarter worth approximately $2,688,000.

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 services with in Missouri, Kansas, Oklahoma and Arkansas. The Company operates its businesses in three segments: electric, gas and other.

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