Breaking: Jefferies Reaffirms $56.0 PT On El Paso Electric Company (NYSE:EE) Shares, Reaffirms Their Original “Hold” Rating

September 17, 2017 - By Marguerite Chambers

 Breaking: Jefferies Reaffirms $56.0 PT On El Paso Electric Company (NYSE:EE) Shares, Reaffirms Their Original

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

Fuller & Thaler Asset Management holds 1.40M shares or 0.98% of its portfolio. Kcg Inc holds 9,482 shares. Nationwide Fund Advsrs holds 0.01% or 74,650 shares. Great West Life Assurance Co Can holds 0.01% in El Paso Electric Company (NYSE:EE) or 52,894 shares. California Pub Employees Retirement holds 127,050 shares. Employees Retirement Of Texas invested in 0.01% or 22,000 shares. Trust Of Vermont stated it has 0% of its portfolio in El Paso Electric Company (NYSE:EE). Geode Capital Management Ltd Liability Co holds 306,509 shares. Credit Suisse Ag has 0% invested in El Paso Electric Company (NYSE:EE) for 60,545 shares. Envestnet Asset Mgmt Inc has invested 0% in El Paso Electric Company (NYSE:EE). 18,994 are owned by Amer Invest Service Inc. South Dakota Inv Council holds 8,600 shares. Qs Ltd accumulated 4,005 shares. Ftb holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 53 shares. Eulav Asset Mgmt invested 0.09% in El Paso Electric Company (NYSE:EE).

El Paso Electric Company (NYSE:EE) Rating Reaffirmed

El Paso Electric Company (NYSE:EE) just had their share rating of a ‘”Hold”‘ issued by research analysts at Jefferies, who now has a $56.0 PT on the $2.24B market cap company or a 1.54 % upside potential. This key information was revealed to clients and investors in a research note on Tuesday, 12 September.

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

Fuller & Thaler Asset Management holds 1.40M shares or 0.98% of its portfolio. Kcg Inc holds 9,482 shares. Nationwide Fund Advsrs holds 0.01% or 74,650 shares. Great West Life Assurance Co Can holds 0.01% in El Paso Electric Company (NYSE:EE) or 52,894 shares. California Pub Employees Retirement holds 127,050 shares. Employees Retirement Of Texas invested in 0.01% or 22,000 shares. Trust Of Vermont stated it has 0% of its portfolio in El Paso Electric Company (NYSE:EE). Geode Capital Management Ltd Liability Co holds 306,509 shares. Credit Suisse Ag has 0% invested in El Paso Electric Company (NYSE:EE) for 60,545 shares. Envestnet Asset Mgmt Inc has invested 0% in El Paso Electric Company (NYSE:EE). 18,994 are owned by Amer Invest Service Inc. South Dakota Inv Council holds 8,600 shares. Qs Ltd accumulated 4,005 shares. Ftb holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 53 shares. Eulav Asset Mgmt invested 0.09% 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 stock of El Paso Electric Company (NYSE:EE) has “Buy” rating given on Thursday, July 14 by Jefferies. The firm has “Hold” rating by Jefferies given on Thursday, March 24. The firm has “Hold” rating by Jefferies given on Tuesday, September 12. The stock has “Hold” rating by Jefferies on Thursday, August 3. Jefferies maintained El Paso Electric Company (NYSE:EE) on Friday, August 11 with “Hold” rating. The firm earned “Underperform” rating on Friday, November 20 by Jefferies. Jefferies maintained it with “Hold” rating and $5200 target in Tuesday, June 13 report. The rating was downgraded by Jefferies on Tuesday, November 15 to “Hold”. Jefferies maintained the stock with “Hold” rating in Friday, July 21 report. Williams Capital Group initiated it with “Hold” rating and $48 target in Wednesday, January 11 report.

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 earnings per share, 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 earnings per share 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: “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.

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