El Paso Electric (NYSE:EE) announced a quarterly dividend on Wednesday, August 7th, ARN reports. Shareholders of record on Friday, September 13th will be paid a dividend of $0.265 per share on Monday, September 30th. This represents a $1.06 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, September 11th.
EE has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of El Paso Electric from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 2nd. They now have a $41.10 price target on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of El Paso Electric in a research note to investors on Thursday, June 27th.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. El Paso Electric has a consensus rating of “Hold” and an average price target of $38.59.
El Paso Electric (NYSE:EE) opened at 37.96 on Thursday. El Paso Electric has a 1-year low of $30.15 and a 1-year high of $39.12. The stock’s 50-day moving average is currently $37.16. The company has a market cap of $1.526 billion and a price-to-earnings ratio of 16.02.
El Paso Electric (NYSE:EE) last announced its earnings results on Tuesday, August 6th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.01. During the same quarter last year, the company posted $0.77 earnings per share. Analysts expect that El Paso Electric will post $2.42 EPS for the current fiscal year.
El Paso Electric Company is 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.
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