The stock of Empire District Electric Co (NYSE:EDE) reached all time high today, Sep, 30 and still has $57.80 target or 69.00% above today’s $34.20 share price. This indicates more upside for the $1.51B company. This technical setup was reported by Barchart.com. If the $57.80 PT is reached, the company will be worth $1.04B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 90,015 shares traded hands. Empire District Electric Co (NYSE:EDE) has risen 4.18% since February 26, 2016 and is uptrending. It has underperformed by 6.24% the S&P500.
Analysts await Empire District Electric Co (NYSE:EDE) to report earnings on November, 3.
Empire District Electric Co (NYSE:EDE) Ratings Coverage
Out of 2 analysts covering Empire District Elec (NYSE:EDE), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Empire District Elec has been the topic of 3 analyst reports since October 14, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann downgraded the shares of EDE in a report on Friday, April 29 to “Neutral” rating. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, December 8. Ladenburg Thalmann upgraded the stock to “Buy” rating in Wednesday, October 14 report.
According to Zacks Investment Research, “The Empire District Electric Company is an operating public utility engaged in the generation, purchase, transmission, distribution and sale of electricity in parts of Missouri, Kansas, Oklahoma and Arkansas. The Company also provides water service to several towns in Missouri.”
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.14, from 0.84 in 2016Q1. The ratio increased, as 16 funds sold all Empire District Electric Co shares owned while 44 reduced positions. 12 funds bought stakes while 47 increased positions. They now own 26.24 million shares or 0.99% more from 25.98 million shares in 2016Q1.
Dupont Cap Management Corp has 9,200 shares for 0.01% of their US portfolio. Morgan Stanley accumulated 801,135 shares or 0.01% of the stock. Bancorp Of America Corp De accumulated 17,048 shares or 0% of the stock. Ig Invest Management Limited accumulated 0.01% or 50,750 shares. Principal Fincl Grp last reported 0% of its portfolio in the stock. California Pub Employees Retirement Sys holds 120,100 shares or 0.01% of its portfolio. Great West Life Assurance Can holds 0% of its portfolio in Empire District Electric Co (NYSE:EDE) for 5,983 shares. Swiss Bancorp last reported 0% of its portfolio in the stock. Millennium Lc last reported 0% of its portfolio in the stock. Sphinx Trading Ltd Partnership holds 0.14% or 2,000 shares in its portfolio. Moreover, Voya Limited Liability Company has 0% invested in Empire District Electric Co (NYSE:EDE) for 21,011 shares. Community Financial Bank Of Raymore last reported 3.02% of its portfolio in the stock. Old Republic has 467,500 shares for 0.71% of their US portfolio. Rhumbline Advisers last reported 67,565 shares in the company. Teachers Advsrs has 0% invested in the company for 76,686 shares.
More notable recent Empire District Electric Co (NYSE:EDE) news were published by: Marketwatch.com which released: “Empire District Electric Co.” on May 31, 2010, also Fool.com with their article: “Merger Agreement Sends Empire District Electric Co’s Stock Soaring” published on February 10, 2016, Finance.Yahoo.com published: “Algonquin Power & Utilities Corp. and The Empire District Electric Company …” on September 08, 2016. More interesting news about Empire District Electric Co (NYSE:EDE) were released by: Businesswire.com and their article: “The Empire District Electric Company Exploring Strategic Alternatives” published on December 14, 2015 as well as Businesswire.com‘s news article titled: “Algonquin Power & Utilities Corp. to Acquire The Empire District Electric …” with publication date: February 09, 2016.
EDE Company Profile
The Empire District Electric Company, incorporated on October 16, 1909, is a regulated utility company. The Firm is engaged in the generation, purchase, transmission, distribution and sale of electricity. The Firm provides its services with in Missouri, Kansas, Oklahoma and Arkansas. The Firm operates its businesses in three divisions: electric, gas and other. As part of its electric segment, the Company provides water service to over three towns in Missouri. The Firm through its subsidiary, The Empire District Gas Company (EDG), is engaged in the distribution of natural gas in Missouri. The Company’s other segment consists of fiber optics business. It supplies electric service at retail to approximately 120 incorporated communities and to various unincorporated areas, and at wholesale to over four municipally owned distribution systems. The Company’s gas activities serve clients in northwest, north central and west central Missouri. The Firm sells electricity and gas, and provides distribution and transmission services to a group of customers, including residential, commercial and industrial customers.
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