Shares of Empire District Electric Co. (NYSE:EDE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.10 and last traded at $34.02, with a volume of 121,208 shares. The stock had previously closed at $33.88.

Several research firms recently issued reports on EDE. Barclays PLC cut Empire District Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $24.00 to $19.00 in a research note on Friday, July 1st. Zacks Investment Research raised Empire District Electric from a “sell” rating to a “hold” rating in a research note on Thursday, May 26th. Raymond James Financial Inc. reissued a “market perform” rating and issued a $24.00 target price (down from $26.00) on shares of Empire District Electric in a research note on Thursday, June 23rd. Finally, TD Securities reaffirmed a “hold” rating and set a $22.00 price objective on shares of Empire District Electric in a research report on Sunday, June 26th. 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.80.

The firm has a market capitalization of $1.50 billion and a PE ratio of 25.57. The stock’s 50-day moving average is $33.79 and its 200-day moving average is $33.55.

Empire District Electric (NYSE:EDE) last announced its earnings results on Thursday, July 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Equities research analysts predict that Empire District Electric Co. will post $1.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Tuesday, August 30th.

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.

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's FREE daily email newsletter.