Analysts at Mizuho Securities Reconfirmed their Past ‘”Hold”’ rating on Shares El Paso Electric Company (NYSE:EE), Set a $55.0 TP

January 14, 2018 - By Marguerite Chambers

 Analysts at Mizuho Securities Reconfirmed their Past ‘

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.19, from 1.49 in 2017Q2. It fall, as 21 investors sold El Paso Electric Company shares while 45 reduced holdings. 22 funds opened positions while 64 raised stakes. 39.38 million shares or 0.60% more from 39.15 million shares in 2017Q2 were reported.

Boston has invested 0% in El Paso Electric Company (NYSE:EE). Paloma Prns Mgmt reported 11,036 shares. Georgia-based Invesco Ltd has invested 0.01% in El Paso Electric Company (NYSE:EE). Foundry Prtnrs accumulated 0.02% or 6,825 shares. Gemmer Asset Ltd Com reported 0% stake. Jennison Associate Ltd Llc accumulated 0.09% or 1.52M shares. Meeder Asset, Ohio-based fund reported 1,987 shares. Cibc Asset Management holds 4,903 shares or 0% of its portfolio. Deutsche National Bank Ag holds 0% in El Paso Electric Company (NYSE:EE) or 60,921 shares. Riverhead Mgmt Ltd Co reported 0.02% in El Paso Electric Company (NYSE:EE). Valley Advisers Incorporated owns 0% invested in El Paso Electric Company (NYSE:EE) for 50 shares. Prudential Financial holds 155,356 shares. Tiaa Cref Investment Mgmt Lc reported 0.01% stake. Dalton Greiner Hartman Maher & Com owns 1.22% invested in El Paso Electric Company (NYSE:EE) for 393,946 shares. 31,016 are held by Manufacturers Life Insurance Com The.

El Paso Electric Company (NYSE:EE) Rating Reaffirmed

They currently have a $55.0 PT on El Paso Electric Company (NYSE:EE). The target price by Mizuho Securities would suggest a potential upside of 7.74 % from the company’s previous close. This has been released in a research report on Thursday, 26 October.

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.19, from 1.49 in 2017Q2. It fall, as 21 investors sold El Paso Electric Company shares while 45 reduced holdings. 22 funds opened positions while 64 raised stakes. 39.38 million shares or 0.60% more from 39.15 million shares in 2017Q2 were reported.

Boston has invested 0% in El Paso Electric Company (NYSE:EE). Paloma Prns Mgmt reported 11,036 shares. Georgia-based Invesco Ltd has invested 0.01% in El Paso Electric Company (NYSE:EE). Foundry Prtnrs accumulated 0.02% or 6,825 shares. Gemmer Asset Ltd Com reported 0% stake. Jennison Associate Ltd Llc accumulated 0.09% or 1.52M shares. Meeder Asset, Ohio-based fund reported 1,987 shares. Cibc Asset Management holds 4,903 shares or 0% of its portfolio. Deutsche National Bank Ag holds 0% in El Paso Electric Company (NYSE:EE) or 60,921 shares. Riverhead Mgmt Ltd Co reported 0.02% in El Paso Electric Company (NYSE:EE). Valley Advisers Incorporated owns 0% invested in El Paso Electric Company (NYSE:EE) for 50 shares. Prudential Financial holds 155,356 shares. Tiaa Cref Investment Mgmt Lc reported 0.01% stake. Dalton Greiner Hartman Maher & Com owns 1.22% invested in El Paso Electric Company (NYSE:EE) for 393,946 shares. 31,016 are held by Manufacturers Life Insurance Com The.

El Paso Electric Company (NYSE:EE) Ratings Coverage

Among 4 analysts covering El Paso Electric Company (NYSE:EE), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. El Paso Electric Company has $62.0 highest and $48 lowest target. $55.25’s average target is 8.23% above currents $51.05 stock price. El Paso Electric Company had 18 analyst reports since November 20, 2015 according to SRatingsIntel. Mizuho maintained El Paso Electric Company (NYSE:EE) on Tuesday, October 3 with “Hold” rating. Jefferies maintained El Paso Electric Company (NYSE:EE) on Tuesday, September 12 with “Hold” rating. Jefferies downgraded the stock to “Hold” rating in Tuesday, November 15 report. The firm earned “Hold” rating on Thursday, October 26 by Mizuho. The firm has “Hold” rating given on Tuesday, June 13 by Jefferies. Jefferies upgraded the stock to “Buy” rating in Thursday, July 14 report. Jefferies upgraded the shares of EE in report on Thursday, March 24 to “Hold” rating. The company was maintained on Wednesday, January 10 by Mizuho. The rating was downgraded by Bank of America on Wednesday, November 22 to “Hold”. The rating was downgraded by Jefferies on Monday, October 16 to “Underperform”.

The stock decreased 0.78% or $0.4 during the last trading session, reaching $51.05. About 205,985 shares traded. El Paso Electric Company (NYSE:EE) has risen 21.05% since January 14, 2017 and is uptrending. It has outperformed by 4.35% the S&P500.

Analysts await El Paso Electric Company (NYSE:EE) to report earnings on February, 22. They expect $0.22 earnings per share, up 57.14 % or $0.08 from last year’s $0.14 per share. EE’s profit will be $8.93 million for 58.01 P/E if the $0.22 EPS becomes a reality. After $1.47 actual earnings per share reported by El Paso Electric Company for the previous quarter, Wall Street now forecasts -85.03 % negative EPS growth.

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. The company has market cap of $2.07 billion. It generates electricity through nuclear fuel, natural gas, and coal facilities, as well as solar photovoltaic panels and wind turbines. It has a 21.26 P/E ratio. The firm owns or has ownership interests in various electrical generating facilities with a net dependable generating capability of approximately 2,080 megawatts; four 345 kilovolt transmission lines in New Mexico and Arizona; and three 500 kV lines in Arizona.

More news for El Paso Electric Company (NYSE:EE) were recently published by: Businesswire.com, which released: “El Paso Electric Files Unopposed Settlement in Texas Rate Case Docket No. 46831” on November 02, 2017. Nasdaq.com‘s article titled: “El Paso Electric Company (EE) Ex-Dividend Date Scheduled for December 14, 2017” and published on December 13, 2017 is yet another important article.

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