Mizuho Securities Reconfirmed El Paso Electric Company (NYSE:EE) As a Hold; They Now Have a TP Of $55.0

January 14, 2018 - By Dolores Ford

 Mizuho Securities Reconfirmed El Paso Electric Company (NYSE:EE) As a Hold; They Now Have a TP Of $55.0

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.19, from 1.49 in 2017Q2. It turned negative, as 21 investors sold El Paso Electric Company shares while 45 reduced holdings. 22 funds opened positions while 64 raised stakes. 39.38 million shares or 0.60% more from 39.15 million shares in 2017Q2 were reported.

Td Asset Mngmt has 34,700 shares for 0% of their portfolio. Hbk L P reported 3,999 shares. Citadel Advsr Lc reported 11,310 shares stake. Pub Employees Retirement Of Ohio holds 0% or 12,927 shares. The Pennsylvania-based Ajo Ltd Partnership has invested 0.03% in El Paso Electric Company (NYSE:EE). Paradigm Asset Company Ltd Liability reported 8,200 shares. Pinebridge Invs Lp reported 53,996 shares stake. Tower Cap Limited Liability (Trc) reported 2,978 shares or 0.01% of all its holdings. Fuller And Thaler Asset Mngmt invested 1.31% in El Paso Electric Company (NYSE:EE). Boston Prtn holds 0% in El Paso Electric Company (NYSE:EE) or 70,200 shares. Ubs Asset Americas stated it has 0% of its portfolio in El Paso Electric Company (NYSE:EE). Sei Investments holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 418 shares. Millennium Mngmt Lc owns 791,332 shares. 26 were accumulated by Parkside Savings Bank And Trust. Gabelli Funds Ltd, a New York-based fund reported 1.88M shares.

El Paso Electric Company (NYSE:EE) Rating Reaffirmed

They currently have a $55.0 TP on El Paso Electric Company (NYSE:EE). The target price by Mizuho Securities would suggest a potential upside of 7.74 % from the company’s current price. This has been revealed to investors in a research note on 26 October.

Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.19, from 1.49 in 2017Q2. It turned negative, as 21 investors sold El Paso Electric Company shares while 45 reduced holdings. 22 funds opened positions while 64 raised stakes. 39.38 million shares or 0.60% more from 39.15 million shares in 2017Q2 were reported.

Td Asset Mngmt has 34,700 shares for 0% of their portfolio. Hbk L P reported 3,999 shares. Citadel Advsr Lc reported 11,310 shares stake. Pub Employees Retirement Of Ohio holds 0% or 12,927 shares. The Pennsylvania-based Ajo Ltd Partnership has invested 0.03% in El Paso Electric Company (NYSE:EE). Paradigm Asset Company Ltd Liability reported 8,200 shares. Pinebridge Invs Lp reported 53,996 shares stake. Tower Cap Limited Liability (Trc) reported 2,978 shares or 0.01% of all its holdings. Fuller And Thaler Asset Mngmt invested 1.31% in El Paso Electric Company (NYSE:EE). Boston Prtn holds 0% in El Paso Electric Company (NYSE:EE) or 70,200 shares. Ubs Asset Americas stated it has 0% of its portfolio in El Paso Electric Company (NYSE:EE). Sei Investments holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 418 shares. Millennium Mngmt Lc owns 791,332 shares. 26 were accumulated by Parkside Savings Bank And Trust. Gabelli Funds Ltd, a New York-based fund reported 1.88M shares.

El Paso Electric Company (NYSE:EE) Ratings Coverage

Among 4 analysts covering El Paso Electric Company (NYSE:EE), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. El Paso Electric Company has $62.0 highest and $48 lowest target. $55.25’s average target is 8.23% above currents $51.05 stock price. El Paso Electric Company had 18 analyst reports since November 20, 2015 according to SRatingsIntel. The stock of El Paso Electric Company (NYSE:EE) earned “Hold” rating by Mizuho on Thursday, October 26. Jefferies maintained the stock with “Hold” rating in Friday, October 6 report. Bank of America downgraded it to “Hold” rating and $62.0 target in Wednesday, November 22 report. The stock of El Paso Electric Company (NYSE:EE) earned “Hold” rating by Jefferies on Tuesday, November 15. On Wednesday, January 11 the stock rating was initiated by Williams Capital Group with “Hold”. The firm earned “Buy” rating on Thursday, July 14 by Jefferies. Mizuho maintained the stock with “Hold” rating in Wednesday, January 10 report. The firm earned “Hold” rating on Tuesday, September 12 by Jefferies. Jefferies upgraded the shares of EE in report on Thursday, March 24 to “Hold” rating. The firm has “Hold” rating by Jefferies given on Friday, July 21.

The stock decreased 0.78% or $0.4 during the last trading session, reaching $51.05. About 205,985 shares traded. El Paso Electric Company (NYSE:EE) has risen 21.05% since January 14, 2017 and is uptrending. It has outperformed by 4.35% the S&P500.

Analysts await El Paso Electric Company (NYSE:EE) to report earnings on February, 22. They expect $0.22 EPS, up 57.14 % or $0.08 from last year’s $0.14 per share. EE’s profit will be $8.93 million for 58.01 P/E if the $0.22 EPS becomes a reality. After $1.47 actual EPS reported by El Paso Electric Company for the previous quarter, Wall Street now forecasts -85.03 % negative EPS growth.

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 $2.07 billion. It generates electricity through nuclear fuel, natural gas, and coal facilities, as well as solar photovoltaic panels and wind turbines. It has a 21.26 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.

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 December 14, 2017” on December 13, 2017. Businesswire.com‘s article titled: “El Paso Electric Files Unopposed Settlement in Texas Rate Case Docket No. 46831” and published on November 02, 2017 is yet another important article.

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