El Paso Electric Company (NYSE:EE): Jefferies Maintains “Hold” Rating Today, Has a Target of $56.0/Share

September 17, 2017 - By Adrian Mccoy

 El Paso Electric Company (NYSE:EE): Jefferies Maintains

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.

Comerica Bankshares accumulated 0.04% or 112,221 shares. California-based Los Angeles Cap Management And Equity has invested 0% in El Paso Electric Company (NYSE:EE). Pacad Inv Ltd invested 0.01% in El Paso Electric Company (NYSE:EE). Of Vermont stated it has 0% in El Paso Electric Company (NYSE:EE). Natixis has 0% invested in El Paso Electric Company (NYSE:EE) for 4,373 shares. Credit Suisse Ag reported 60,545 shares. Cibc Asset Management invested 0% of its portfolio in El Paso Electric Company (NYSE:EE). Pnc Financial Service Gru, Pennsylvania-based fund reported 9,070 shares. Stifel reported 6,524 shares. Paloma Ptnrs Mngmt invested in 29,718 shares or 0.01% of the stock. Dean Capital reported 56,389 shares or 2.08% of all its holdings. Susquehanna Int Llp stated it has 61,148 shares. Renaissance Techs Ltd owns 468,300 shares. Guggenheim Ltd invested 0% of its portfolio in El Paso Electric Company (NYSE:EE). 74,943 are owned by Deutsche Bancorp Ag.

El Paso Electric Company (NYSE:EE) Rating Reaffirmed

The company has just set a price target of $56.0 on El Paso Electric Company (NYSE:EE) shares. This is 1.54 % from the last close price. In a research note revealed to clients on 12 September, Jefferies reiterated their “Hold” rating on shares of 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.

Comerica Bankshares accumulated 0.04% or 112,221 shares. California-based Los Angeles Cap Management And Equity has invested 0% in El Paso Electric Company (NYSE:EE). Pacad Inv Ltd invested 0.01% in El Paso Electric Company (NYSE:EE). Of Vermont stated it has 0% in El Paso Electric Company (NYSE:EE). Natixis has 0% invested in El Paso Electric Company (NYSE:EE) for 4,373 shares. Credit Suisse Ag reported 60,545 shares. Cibc Asset Management invested 0% of its portfolio in El Paso Electric Company (NYSE:EE). Pnc Financial Service Gru, Pennsylvania-based fund reported 9,070 shares. Stifel reported 6,524 shares. Paloma Ptnrs Mngmt invested in 29,718 shares or 0.01% of the stock. Dean Capital reported 56,389 shares or 2.08% of all its holdings. Susquehanna Int Llp stated it has 61,148 shares. Renaissance Techs Ltd owns 468,300 shares. Guggenheim Ltd invested 0% of its portfolio in El Paso Electric Company (NYSE:EE). 74,943 are owned by Deutsche Bancorp Ag.

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. As per Tuesday, November 15, the company rating was downgraded by Jefferies. On Tuesday, June 13 the stock rating was maintained by Jefferies with “Hold”. Jefferies maintained El Paso Electric Company (NYSE:EE) rating on Friday, August 11. Jefferies has “Hold” rating and $5600 target. The firm earned “Hold” rating on Friday, July 21 by Jefferies. On Thursday, March 24 the stock rating was upgraded by Jefferies to “Hold”. As per Wednesday, January 11, the company rating was initiated by Williams Capital Group. The stock has “Underperform” rating by Jefferies on Friday, November 20. The stock of El Paso Electric Company (NYSE:EE) earned “Buy” rating by Jefferies on Thursday, July 14. The stock has “Hold” rating by Jefferies on Thursday, August 3. The stock of El Paso Electric Company (NYSE:EE) earned “Hold” rating by Jefferies on Tuesday, September 12.

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.

Analysts await El Paso Electric Company (NYSE:EE) to report earnings on November, 1. They expect $1.57 EPS, down 14.67 % or $0.27 from last year’s $1.84 per share. EE’s profit will be $63.77M for 8.78 P/E if the $1.57 EPS becomes a reality. After $0.89 actual EPS reported by El Paso Electric Company for the previous quarter, Wall Street now forecasts 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: “El Paso Electric Company (EE) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Northwestern, Chesapeake Utilities and El Paso Electric” and published on September 12, 2017 is yet another important article.

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