Key Professional Analysts at Jefferies Reiterate their ‘Hold’ rating for El Paso Electric Company (NYSE:EE) Shares Today. Their PT is $56.0

September 17, 2017 - By Louis Casey

 Key Professional Analysts at Jefferies Reiterate their ‘Hold’ rating for El Paso Electric Company (NYSE:EE) Shares Today. Their PT is $56.0

Investors sentiment increased to 1.47 in Q4 2016. 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.

First Manhattan invested in 6 shares. Fifth Third National Bank holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 6 shares. Qs Ltd owns 4,005 shares. Comerica Natl Bank invested 0.04% of its portfolio in El Paso Electric Company (NYSE:EE). Irving Magee Investment accumulated 1.65% or 91,199 shares. 295 were accumulated by Van Eck Assocs. Renaissance Ltd Com invested in 468,300 shares or 0.03% of the stock. Matarin Mngmt Ltd reported 59,755 shares. California State Teachers Retirement Systems has invested 0.01% in El Paso Electric Company (NYSE:EE). Louisiana State Employees Retirement System accumulated 16,300 shares or 0.04% of the stock. Gabelli Funds Ltd Liability Corp owns 1.88 million shares. Hsbc Public Limited holds 8,012 shares or 0% of its portfolio. Tower Capital Ltd Company (Trc) stated it has 0% of its portfolio in El Paso Electric Company (NYSE:EE). Nomura Asset Mgmt Com Limited reported 420 shares. 208 are held by Gemmer Asset Management Limited Company.

El Paso Electric Company (NYSE:EE) Rating Reaffirmed

Professional analysts at Jefferies now has a $56.0 target on El Paso Electric Company (NYSE:EE). Jefferies and their recent target indicates a potential upside of 1.54 % from the company’s last stock price. The rating has been disclosed to clients in analysts report on Tuesday, 12 September.

Investors sentiment increased to 1.47 in Q4 2016. 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.

First Manhattan invested in 6 shares. Fifth Third National Bank holds 0% of its portfolio in El Paso Electric Company (NYSE:EE) for 6 shares. Qs Ltd owns 4,005 shares. Comerica Natl Bank invested 0.04% of its portfolio in El Paso Electric Company (NYSE:EE). Irving Magee Investment accumulated 1.65% or 91,199 shares. 295 were accumulated by Van Eck Assocs. Renaissance Ltd Com invested in 468,300 shares or 0.03% of the stock. Matarin Mngmt Ltd reported 59,755 shares. California State Teachers Retirement Systems has invested 0.01% in El Paso Electric Company (NYSE:EE). Louisiana State Employees Retirement System accumulated 16,300 shares or 0.04% of the stock. Gabelli Funds Ltd Liability Corp owns 1.88 million shares. Hsbc Public Limited holds 8,012 shares or 0% of its portfolio. Tower Capital Ltd Company (Trc) stated it has 0% of its portfolio in El Paso Electric Company (NYSE:EE). Nomura Asset Mgmt Com Limited reported 420 shares. 208 are held by Gemmer Asset Management Limited Company.

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. 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 “Hold” rating by Jefferies on Thursday, March 24. The rating was maintained by Jefferies with “Hold” on Friday, July 21. The stock of El Paso Electric Company (NYSE:EE) earned “Underperform” rating by Jefferies on Friday, November 20. Jefferies maintained it with “Hold” rating and $56.0 target in Tuesday, September 12 report. The stock of El Paso Electric Company (NYSE:EE) has “Hold” rating given on Tuesday, June 13 by Jefferies. Williams Capital Group initiated El Paso Electric Company (NYSE:EE) on Wednesday, January 11 with “Hold” rating. On Thursday, July 14 the stock rating was upgraded by Jefferies to “Buy”. As per Thursday, August 3, the company rating was maintained by Jefferies. Jefferies maintained El Paso Electric Company (NYSE:EE) on Friday, August 11 with “Hold” rating.

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 expect El Paso Electric Company (NYSE:EE) to report $1.57 EPS on November, 1.They anticipate $0.27 EPS change or 14.67 % from last quarter’s $1.84 EPS. EE’s profit would be $63.77 million giving it 8.78 P/E if the $1.57 EPS is correct. After having $0.89 EPS previously, El Paso Electric Company’s analysts see 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.