El Paso Electric Company (NYSE:EE) “Hold” Rating Reiterated Today By Jefferies; The TP is $56.0

September 17, 2017 - By Peter Erickson

 El Paso Electric Company (NYSE:EE)

Investors sentiment increased to 1.47 in 2016 Q4. Its up 0.56, from 0.91 in 2016Q3. It increased, as 12 investors sold El Paso Electric Company shares while 52 reduced holdings. 34 funds opened positions while 60 raised stakes. 38.10 million shares or 0.92% less from 38.45 million shares in 2016Q3 were reported.

Parkside Bancorp And Tru holds 0% or 23 shares in its portfolio. Blackrock owns 15,282 shares. Gemmer Asset Limited Liability Co accumulated 208 shares or 0.01% of the stock. Verition Fund Mgmt Limited Liability Corporation owns 14,093 shares. Illinois-based Northern Tru has invested 0.02% in El Paso Electric Company (NYSE:EE). Qs Investors Llc reported 4,005 shares stake. Fuller & Thaler Asset Management reported 1.40 million shares. First Tru Advisors L P invested in 320,672 shares or 0.04% of the stock. Tiaa Cref Investment Limited Liability Company holds 0.01% of its portfolio in El Paso Electric Company (NYSE:EE) for 177,504 shares. Ny State Teachers Retirement Systems has 0.02% invested in El Paso Electric Company (NYSE:EE) for 142,300 shares. Morgan Stanley reported 139,236 shares. Pnc Fin Service Grp Inc Inc has 9,070 shares for 0% of their portfolio. New York State Common Retirement Fund holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 48,208 shares. Vaughan Nelson Mngmt Lp reported 0.12% of its portfolio in El Paso Electric Company (NYSE:EE). Thompson Siegel Walmsley Limited Liability Co has 0.33% invested in El Paso Electric Company (NYSE:EE) for 541,306 shares.

El Paso Electric Company (NYSE:EE) Rating Reaffirmed

Equity research analysts at Jefferies now has a $56.0 target price per share on El Paso Electric Company (NYSE:EE). Jefferies and their recent target price per share would suggest a potential upside of 1.54 % from the company’s stock close price. The rating has been disclosed in a note on 12 September.

Investors sentiment increased to 1.47 in 2016 Q4. Its up 0.56, from 0.91 in 2016Q3. It increased, as 12 investors sold El Paso Electric Company shares while 52 reduced holdings. 34 funds opened positions while 60 raised stakes. 38.10 million shares or 0.92% less from 38.45 million shares in 2016Q3 were reported.

Parkside Bancorp And Tru holds 0% or 23 shares in its portfolio. Blackrock owns 15,282 shares. Gemmer Asset Limited Liability Co accumulated 208 shares or 0.01% of the stock. Verition Fund Mgmt Limited Liability Corporation owns 14,093 shares. Illinois-based Northern Tru has invested 0.02% in El Paso Electric Company (NYSE:EE). Qs Investors Llc reported 4,005 shares stake. Fuller & Thaler Asset Management reported 1.40 million shares. First Tru Advisors L P invested in 320,672 shares or 0.04% of the stock. Tiaa Cref Investment Limited Liability Company holds 0.01% of its portfolio in El Paso Electric Company (NYSE:EE) for 177,504 shares. Ny State Teachers Retirement Systems has 0.02% invested in El Paso Electric Company (NYSE:EE) for 142,300 shares. Morgan Stanley reported 139,236 shares. Pnc Fin Service Grp Inc Inc has 9,070 shares for 0% of their portfolio. New York State Common Retirement Fund holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 48,208 shares. Vaughan Nelson Mngmt Lp reported 0.12% of its portfolio in El Paso Electric Company (NYSE:EE). Thompson Siegel Walmsley Limited Liability Co has 0.33% invested in El Paso Electric Company (NYSE:EE) for 541,306 shares.

El Paso Electric Company (NYSE:EE) Ratings Coverage

Among 3 analysts covering El Paso Electric Company (NYSE:EE), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. El Paso Electric Company has $5600 highest and $48 lowest target. $53’s average target is -3.90% below currents $55.15 stock price. El Paso Electric Company had 12 analyst reports since November 20, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Friday, July 21. As per Friday, November 20, the company rating was downgraded by Jefferies. The company was upgraded on Thursday, March 24 by Jefferies. The firm has “Hold” rating given on Tuesday, September 12 by Jefferies. Jefferies maintained El Paso Electric Company (NYSE:EE) on Tuesday, June 13 with “Hold” rating. On Tuesday, November 15 the stock rating was downgraded by Jefferies to “Hold”. Jefferies maintained the shares of EE in report on Thursday, August 3 with “Hold” rating. The firm has “Buy” rating given on Thursday, July 14 by Jefferies. The rating was initiated by Williams Capital Group on Wednesday, January 11 with “Hold”. Jefferies maintained El Paso Electric Company (NYSE:EE) rating on Friday, August 11. Jefferies has “Hold” rating and $5600 target.

It closed at $55.15 lastly. It is up 21.05% since September 17, 2016 and is uptrending. It has outperformed by 4.35% the S&P500.

Wall Street await El Paso Electric Company (NYSE:EE) to release earnings on November, 1. Analysts forecast EPS of $1.57, down exactly $0.27 or 14.67 % from 2014’s $1.84 EPS. The expected EE’s profit could reach $63.77M giving the stock 8.78 P/E in the case that $1.57 earnings per share is reported. After posting $0.89 EPS for the previous quarter, El Paso Electric Company’s analysts now forecast 76.40 % EPS growth.

El Paso Electric Company is a public utility company. The company has market cap of $2.24 billion. As of December 31, 2016, the Company was 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. It has a 19.93 P/E ratio. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts .

More news for El Paso Electric Company (NYSE:EE) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: Northwestern, Chesapeake Utilities and El Paso Electric” on September 12, 2017. Nasdaq.com‘s article titled: “El Paso Electric Company (EE) Ex-Dividend Date Scheduled for September 14, 2017” and published on September 13, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: