Media coverage about El Paso Electric (NYSE:EE) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. El Paso Electric earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.0915248197568 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- El Paso Electric Company Plans Quarterly Dividend of $0.34 (EE) (americanbankingnews.com)
- El Paso Electric : Announces Quarterly Dividend (4-traders.com)
- El Paso Electric Announces Quarterly Dividend (finance.yahoo.com)
- El Paso Electric Company (NYSE:EE) to Release Quarterly Earnings on Wednesday (americanbankingnews.com)
- El Paso Electric (NYSE:EE) Earns News Impact Rating of (techzolix.com)
Shares of El Paso Electric (NYSE:EE) traded down 0.58% during trading on Friday, hitting $51.65. The stock had a trading volume of 172,508 shares. The company has a market capitalization of $2.09 billion, a PE ratio of 21.26 and a beta of 0.48. The firm has a 50-day moving average price of $52.20 and a 200 day moving average price of $50.14. El Paso Electric has a 52 week low of $42.49 and a 52 week high of $55.45.
El Paso Electric (NYSE:EE) last released its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.05. The business had revenue of $171.34 million for the quarter. El Paso Electric had a net margin of 10.95% and a return on equity of 9.34%. During the same period last year, the firm earned ($0.14) earnings per share. Equities analysts anticipate that El Paso Electric will post $2.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 14th. El Paso Electric’s payout ratio is 55.14%.
EE has been the subject of several research reports. Zacks Investment Research downgraded El Paso Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC raised their price objective on El Paso Electric from $48.50 to $52.00 and gave the stock a “hold” rating in a research report on Thursday, May 4th. Finally, BidaskClub downgraded El Paso Electric from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $51.33.
In other El Paso Electric news, Director Charles Yamarone sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $52.47, for a total transaction of $183,645.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $524,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.33% of the company’s stock.
El Paso Electric Company Profile
El Paso Electric Company is a public utility company. 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. 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 (MW).
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