It’s been a crucial week for El Paso Electric Company (NYSE:EE); here’s what analysts have to say.

April 19, 2018 - By Kurt Siggers

El Paso Electric Company (NYSE:EE) LogoInvestors sentiment decreased to 1.26 in Q4 2017. Its down 0.04, from 1.3 in 2017Q3. It worsened, as 19 investors sold El Paso Electric Company shares while 50 reduced holdings. 25 funds opened positions while 62 raised stakes. 38.29 million shares or 2.76% less from 39.38 million shares in 2017Q3 were reported.
Moreover, Loomis Sayles & Communication Lp has 0% invested in El Paso Electric Company (NYSE:EE) for 620 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,952 shares for 0% of their portfolio. Us Comml Bank De reported 0% stake. Ny State Common Retirement Fund holds 49,847 shares or 0% of its portfolio. Alliancebernstein Limited Partnership accumulated 58,943 shares or 0% of the stock. The Illinois-based Northern has invested 0.02% in El Paso Electric Company (NYSE:EE). Pacad Inv has 0.02% invested in El Paso Electric Company (NYSE:EE) for 1,300 shares. Vanguard Gru Incorporated holds 0.01% or 4.04M shares in its portfolio. The Netherlands-based Apg Asset Management Nv has invested 0.01% in El Paso Electric Company (NYSE:EE). Legal & General Grp Public Ltd Company holds 222,396 shares or 0.01% of its portfolio. Hancock stated it has 0.39% of its portfolio in El Paso Electric Company (NYSE:EE). 16,905 were reported by Sg Americas Limited Liability Corporation. Credit Suisse Ag stated it has 0% in El Paso Electric Company (NYSE:EE). Deutsche Bancorporation Ag holds 109,765 shares. Koch Indus Incorporated, a Kansas-based fund reported 6,380 shares.

El Paso Electric Company (NYSE:EE) Ratings Coverage

Among 2 analysts covering El Paso Electric Company (NYSE:EE), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. El Paso Electric Company had 3 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was downgraded by Bank of America on Wednesday, November 22 to “Hold”. The stock has “Hold” rating by Mizuho on Wednesday, January 10. The firm has “Hold” rating by Mizuho given on Thursday, October 26. Below is a list of El Paso Electric Company (NYSE:EE) latest ratings and price target changes.

10/01/2018 Broker: Mizuho Rating: Hold New Target: $54.0 Maintain
22/11/2017 Broker: Bank of America Rating: Hold New Target: $62.0 Downgrade
26/10/2017 Broker: Mizuho Rating: Hold New Target: $55.0 Maintain

The stock decreased 0.50% or $0.25 during the last trading session, reaching $49.5. About 95,785 shares traded. El Paso Electric Company (NYSE:EE) has risen 0.91% since April 19, 2017 and is uptrending. It has underperformed by 10.64% the S&P500.

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 $2.02 billion. It generates electricity through nuclear fuel, natural gas, and coal facilities, as well as solar photovoltaic panels and wind turbines. It has a 20.45 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.

El Paso Electric Company (NYSE:EE) Institutional Positions Chart

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