News articles about El Paso Electric (NYSE:EE) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. El Paso Electric earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.442494507274 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of El Paso Electric (NYSE EE) opened at $49.80 on Friday. The stock has a market capitalization of $2,039.74, a P/E ratio of 20.75, a P/E/G ratio of 3.70 and a beta of 0.37. El Paso Electric has a 12-month low of $47.35 and a 12-month high of $61.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.47 and a current ratio of 0.63.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, March 15th. El Paso Electric’s dividend payout ratio is presently 55.83%.
A number of equities research analysts recently issued reports on the company. Mizuho reissued a “hold” rating and set a $55.00 price target on shares of El Paso Electric in a research report on Friday, October 27th. Bank of America downgraded El Paso Electric from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Wednesday, November 22nd. Zacks Investment Research raised El Paso Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, ValuEngine downgraded El Paso Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $58.50.
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About El Paso Electric
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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