Jefferies Reaffirms El Paso Electric Company (NYSE:EE) As a Hold; They Now Have a Price Target Of $56.0

September 17, 2017 - By Peter Erickson

 Jefferies Reaffirms El Paso Electric Company (NYSE:EE) As a Hold; They Now Have a Price Target Of $56.0

Investors sentiment increased to 1.47 in 2016 Q4. Its up 0.56, from 0.91 in 2016Q3. It improved, 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.

Gp Incorporated invested in 29,642 shares. Dimensional Fund Advsr Lp holds 964,699 shares or 0.02% of its portfolio. Blackrock holds 15,282 shares or 0% of its portfolio. Menta Capital Lc accumulated 23,353 shares. State Of Alaska Department Of Revenue has 0.02% invested in El Paso Electric Company (NYSE:EE). Los Angeles Cap Mgmt & Equity Rech has 7,155 shares for 0% of their portfolio. Fmr Limited Liability Company reported 0.01% in El Paso Electric Company (NYSE:EE). Stevens Cap Mngmt Limited Partnership invested 0.02% in El Paso Electric Company (NYSE:EE). Renaissance Tech Limited Co owns 468,300 shares. Vaughan Nelson Mngmt Limited Partnership stated it has 221,250 shares or 0.12% of all its holdings. Rhumbline Advisers holds 66,863 shares or 0.01% of its portfolio. Northern Tru has invested 0.02% in El Paso Electric Company (NYSE:EE). Nordea Invest invested in 0.01% or 93,364 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,063 shares in its portfolio. New York-based Millennium Mgmt Limited Liability has invested 0.08% in El Paso Electric Company (NYSE:EE).

El Paso Electric Company (NYSE:EE) Rating Reaffirmed

In a research note sent to investors and clients this morning, Jefferies kept their Hold rating on El Paso Electric Company (NYSE:EE) shares. The target price indicates a possible upside of 1.54 % from firm’s last stock close.

Investors sentiment increased to 1.47 in 2016 Q4. Its up 0.56, from 0.91 in 2016Q3. It improved, 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.

Gp Incorporated invested in 29,642 shares. Dimensional Fund Advsr Lp holds 964,699 shares or 0.02% of its portfolio. Blackrock holds 15,282 shares or 0% of its portfolio. Menta Capital Lc accumulated 23,353 shares. State Of Alaska Department Of Revenue has 0.02% invested in El Paso Electric Company (NYSE:EE). Los Angeles Cap Mgmt & Equity Rech has 7,155 shares for 0% of their portfolio. Fmr Limited Liability Company reported 0.01% in El Paso Electric Company (NYSE:EE). Stevens Cap Mngmt Limited Partnership invested 0.02% in El Paso Electric Company (NYSE:EE). Renaissance Tech Limited Co owns 468,300 shares. Vaughan Nelson Mngmt Limited Partnership stated it has 221,250 shares or 0.12% of all its holdings. Rhumbline Advisers holds 66,863 shares or 0.01% of its portfolio. Northern Tru has invested 0.02% in El Paso Electric Company (NYSE:EE). Nordea Invest invested in 0.01% or 93,364 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,063 shares in its portfolio. New York-based Millennium Mgmt Limited Liability has invested 0.08% in El Paso Electric Company (NYSE:EE).

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 firm has “Hold” rating given on Thursday, March 24 by Jefferies. Jefferies maintained it with “Hold” rating and $5200 target in Friday, July 21 report. The stock of El Paso Electric Company (NYSE:EE) earned “Underperform” rating by Jefferies on Friday, November 20. Jefferies downgraded the shares of EE in report on Tuesday, November 15 to “Hold” rating. The stock of El Paso Electric Company (NYSE:EE) earned “Buy” rating by Jefferies on Thursday, July 14. Jefferies maintained El Paso Electric Company (NYSE:EE) rating on Friday, August 11. Jefferies has “Hold” rating and $5600 target. Jefferies maintained the stock with “Hold” rating in Tuesday, September 12 report. Jefferies maintained it with “Hold” rating and $5200 target in Tuesday, June 13 report. Jefferies maintained El Paso Electric Company (NYSE:EE) on Thursday, August 3 with “Hold” rating. The stock of El Paso Electric Company (NYSE:EE) has “Hold” rating given on Wednesday, January 11 by Williams Capital Group.

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 earnings per share 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: “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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