Analyst Activity – Williams Capital Initiates Coverage On El Paso Electric Company (NYSE:EE) With a Hold

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Analyst Ratings For El Paso Electric Company (NYSE:EE)

Today, Williams Capital initiated coverage on El Paso Electric Company (NYSE:EE) with a Hold with a price target of $48.00.

There are 3 hold ratings, 1 buy rating on the stock.

The current consensus rating on El Paso Electric Company (NYSE:EE) is Hold (Score: 2.25) with a consensus target price of $41.64 per share, a potential 9.67% downside.

Some recent analyst ratings include

  • 1/11/2017-Williams Capital initiated coverage with a Hold rating.
  • 11/15/2016-Jefferies Group was Downgraded by analysts at Jefferies Group from a “Buy ” rating to a ” Hold” rating. They now have a $46.50 price target on the stock, up previously from $50.00 .
  • 10/5/2016-Argus Reiterated Rating of Hold.
  • 3/24/2016-Bank of America Corporation Upgrade from a “Neutral ” rating to a ” Buy” rating.

Dividend information for El Paso Electric Company (NYSE:EE)

El Paso Electric Company (NYSE:EE) pays an annual dividend of $1.24 with a yield of 2.69% and an average dividend growth of 5.40% based on a 3 Year Average..

Dividend History for El Paso Electric Company (NYSE:EE)

  • On 11/17/2016 El Paso Electric Company announced a quarterly dividend of $0.31 2.8% with an ex dividend date of 12/12/2016 which will be payable on 12/30/2016.
  • On 7/22/2016 El Paso Electric Company announced a quarterly dividend of $0.31 2.58% with an ex dividend date of 9/12/2016 which will be payable on 9/30/2016.
  • On 5/26/2016 El Paso Electric Company announced a quarterly dividend of $0.31 2.78% with an ex dividend date of 6/13/2016 which will be payable on 6/30/2016.
  • On 1/28/2016 El Paso Electric Company announced a quarterly dividend of $0.30 2.88% with an ex dividend date of 3/11/2016 which will be payable on 3/31/2016.
  • On 12/4/2015 El Paso Electric Company announced a quarterly dividend of $0.30 3.16% with an ex dividend date of 12/11/2015 which will be payable on 12/30/2015.
  • On 7/23/2015 El Paso Electric Company announced a quarterly dividend of $0.30 3.4% with an ex dividend date of 9/14/2015 which will be payable on 9/30/2015.
  • On 5/28/2015 El Paso Electric Company announced a quarterly dividend of $0.30 3.24% with an ex dividend date of 6/12/2015 which will be payable on 6/30/2015.

Recent Insider Trading Activity For El Paso Electric Company (NYSE:EE)
El Paso Electric Company (NYSE:EE) has insider ownership of 1.33% and institutional ownership of 96.50%.

  • On 12/13/2016 John Robert Brown, Director Sell, 10,500 $47.74 with an average share price of $501,270.00 View SEC Filing   5/11/2016 per share and the total transaction amounting to Charles Yamarone.
  • On 11/13/2014 John Robert Brown, Director Sell, 6,000 $38.14 with an average share price of $228,840.00 View SEC Filing   8/13/2014 per share and the total transaction amounting to Charles Yamarone.
  • On 8/11/2014 James W Harris, Director Sell, 2,000 $36.66 with an average share price of $73,320.00 View SEC Filing   6/27/2014 per share and the total transaction amounting to David G Carpenter.
  • On 5/12/2014 Hector Puente, EVP Sell, 1,950 $37.00 with an average share price of $72,150.00 View SEC Filing   5/23/2013 per share and the total transaction amounting to James W Harris.
  • On 5/6/2013 Woody L Hunt, Director Buy, 3,000 $38.39 with an average share price of $115,170.00 View SEC Filing   11/19/2012 per share and the total transaction amounting to David G Carpenter.

About El Paso Electric Company (NYSE:EE)
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. The Company’s energy sources consists of approximately 47% nuclear fuel, 34% natural gas, 6% coal, 13% purchased power and 1% generated by Company-owned solar photovoltaic panels and wind turbines. The Company has power purchase agreements for over 107 Megawatts from solar photovoltaic generation facilities. The Company serves approximately 404,500 residential, commercial, industrial, public authority and wholesale customers. The Company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico. In addition, its wholesale sales include sales for resale to other electric utilities and power marketers.

Recent Trading Activity for El Paso Electric Company (NYSE:EE)
Shares of El Paso Electric Company closed the previous trading session at 46.10 0.00 0.00% with 241,132 shares trading hands.

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