About El Paso Electric Company (NYSE:EE)
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). The Company's energy sources consists of nuclear fuel, natural gas, coal, purchased power and generated by Company-owned solar photovoltaic panels. As of December 31, 2016, the Company had power purchase agreements for 107 MW from solar photovoltaic generation facilities. As of December 31, 2016, the Company served approximately 411,100 residential, commercial, industrial, public authority and wholesale customers. The Company distributes electricity to retail customers principally in El Paso, Texas and Las Cruces, New Mexico.
Industry, Sector and Symbol:
- Industry: Electric Utilities - NEC
- Sub-Industry: Electric Utilities
- Sector: Electric Utilities - NEC
- Symbol: NYSE:EE
- CUSIP: 28367785
- Web: www.epelectric.com
- Debt-to-Equity Ratio: 1.05%
- Current Ratio: 0.63%
- Quick Ratio: 0.47%
Sales & Book Value:
- Trailing P/E Ratio: 24.83
- Forward P/E Ratio: 23.61
- P/E Growth: 4.36
- Annual Sales: $886.94 million
- Price / Sales: 2.75
- Cash Flow: $6.04 per share
- Price / Cash: 9.97
- Book Value: $27.99 per share
- Price / Book: 2.15
- Annual Dividend: $1.34
- Dividend Yield: 2.2%
- Trailing EPS: $2.39
- Net Income: $96.76 million
- Net Margins: 10.13%
- Return on Equity: 8.44%
- Return on Assets: 2.67%
- Employees: 1,100
- Outstanding Shares: 40,590,000
Frequently Asked Questions for El Paso Electric Company (NYSE:EE)
What is El Paso Electric Company's stock symbol?
El Paso Electric Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "EE."
How often does El Paso Electric Company pay dividends? What is the dividend yield for El Paso Electric Company?
El Paso Electric Company announced a quarterly dividend on Thursday, October 26th. Investors of record on Friday, December 15th will be given a dividend of $0.335 per share on Friday, December 29th. This represents a $1.34 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, December 14th. View El Paso Electric Company's Dividend History.
How were El Paso Electric Company's earnings last quarter?
El Paso Electric Company (NYSE:EE) posted its quarterly earnings results on Wednesday, November, 1st. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $0.23. The utilities provider had revenue of $297.47 million for the quarter, compared to analysts' expectations of $310 million. El Paso Electric Company had a return on equity of 8.44% and a net margin of 10.13%. The company's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. View El Paso Electric Company's Earnings History.
When will El Paso Electric Company make its next earnings announcement?
Where is El Paso Electric Company's stock going? Where will El Paso Electric Company's stock price be in 2017?
4 equities research analysts have issued twelve-month price objectives for El Paso Electric Company's shares. Their predictions range from $48.00 to $62.00. On average, they expect El Paso Electric Company's stock price to reach $55.50 in the next twelve months. View Analyst Ratings for El Paso Electric Company.
What are Wall Street analysts saying about El Paso Electric Company stock?
Here are some recent quotes from research analysts about El Paso Electric Company stock:
- 1. According to Zacks Investment Research, "El Paso Electric Co is a public utility engaged in the generation, transmission & distribution of electricity in an area of west Texas & southern New Mexico. El Paso also serves wholesale customers in Texas, New Mexico, California & Mexico. El Paso owns or has significant ownership interests in five electrical generating facilities providing it with a total capacity of approximately 1,500 MW. El Paso serves residential, commercial, industrial & wholesale customers. El Paso distributes electricity to retail customers principally in El Paso, Texas & the City of Las Cruces, New Mexico " (9/21/2017)
- 2. Jefferies Group LLC analysts commented, "As expected, El Paso Electric filed for new rates in its Texas jurisdiction requesting a $42.5 million increase predicated on a 10.5% ROE, 48.35% equity ratio, and $2.18B rate base. We find it interesting that the utility is requesting a 28% increase for solar/DG customers, who last time delayed the rate proceeding several months, challenging their fixed monthly charge." (2/14/2017)
Who are some of El Paso Electric Company's key competitors?
Some companies that are related to El Paso Electric Company include Pampa Energia S.A. (PAM), Portland General Electric Company (POR), Hawaiian Electric Industries (HE), Allete (ALE), PNM Resources, Inc. (Holding Co.) (PNM), Cleco Corporate Holdings LLC (CNL), Ormat Technologies (ORA), NorthWestern Corporation (NWE), UIL Holdings Corporation (UIL), Atlantica Yield PLC (AY), MGE Energy (MGEE), Otter Tail Corporation (OTTR), Companhia Paranaense de Energia (COPEL) (ELP), Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN), Kenon Holdings (KEN), UNITIL Corporation (UTL), Spark Energy (SPKE) and Atlantic Power Corporation (AT).
Who are El Paso Electric Company's key executives?
El Paso Electric Company's management team includes the folowing people:
- Charles A. Yamarone, Independent Chairman of the Board (Age 58)
- Mary E. Kipp, President, Chief Executive Officer, Director (Age 49)
- Edward Escudero, Independent Vice Chairman of the Board (Age 46)
- Nathan T. Hirschi, Chief Financial Officer, Senior Vice President (Age 53)
- William A. Stiller, Chief Human Resource Officer, Senior Vice President - Public and Customer Affairs (Age 65)
- Rocky R. Miracle, Senior Vice President - Corporate Services, Chief Compliance Officer (Age 64)
- Steven T. Buraczyk, Senior Vice President - Operations (Age 49)
- Adrian J. Rodriguez, Vice President, General Counsel, Assistant Secretary (Age 39)
- Russell G. Gibson, Vice President, Controller (Age 64)
- Paul M. Barbas, Director (Age 60)
Who owns El Paso Electric Company stock?
El Paso Electric Company's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Fuller & Thaler Asset Management Inc. (4.76%), Gamco Investors INC. ET AL (3.84%), Jennison Associates LLC (3.74%), Macquarie Group Ltd. (2.83%), Dimensional Fund Advisors LP (2.44%) and JPMorgan Chase & Co. (1.90%). Company insiders that own El Paso Electric Company stock include Charles Yamarone and John Robert Brown. View Institutional Ownership Trends for El Paso Electric Company.
Who sold El Paso Electric Company stock? Who is selling El Paso Electric Company stock?
El Paso Electric Company's stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Russell Investments Group Ltd., JPMorgan Chase & Co., Wedge Capital Management L L P NC, Gamco Investors INC. ET AL, Bank of New York Mellon Corp, Peregrine Capital Management LLC and Keybank National Association OH. Company insiders that have sold El Paso Electric Company company stock in the last year include Charles Yamarone and John Robert Brown. View Insider Buying and Selling for El Paso Electric Company.
Who bought El Paso Electric Company stock? Who is buying El Paso Electric Company stock?
El Paso Electric Company's stock was bought by a variety of institutional investors in the last quarter, including Investment Counselors of Maryland LLC, Macquarie Group Ltd., Wells Fargo & Company MN, Prudential Financial Inc., APG Asset Management N.V., Ameriprise Financial Inc., Fuller & Thaler Asset Management Inc. and SG Americas Securities LLC. View Insider Buying and Selling for El Paso Electric Company.
How do I buy El Paso Electric Company stock?
Shares of El Paso Electric Company can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is El Paso Electric Company's stock price today?
One share of El Paso Electric Company stock can currently be purchased for approximately $60.20.
How big of a company is El Paso Electric Company?
El Paso Electric Company has a market capitalization of $2.43 billion and generates $886.94 million in revenue each year. The utilities provider earns $96.76 million in net income (profit) each year or $2.39 on an earnings per share basis. El Paso Electric Company employs 1,100 workers across the globe.
How can I contact El Paso Electric Company?
El Paso Electric Company's mailing address is 100 N Stanton St, EL PASO, TX 79901-1463, United States. The utilities provider can be reached via phone at +1-915-5435711 or via email at [email protected]
MarketBeat Community Rating for El Paso Electric Company (NYSE EE)MarketBeat's community ratings are surveys of what our community members think about El Paso Electric Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for El Paso Electric Company (NYSE:EE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 2 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$55.50 (7.81% downside)|
Consensus Price Target History for El Paso Electric Company (NYSE:EE)
Analysts' Ratings History for El Paso Electric Company (NYSE:EE)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/24/2017||Bank of America Corporation||Initiated Coverage||Buy||$62.00||N/A|
|10/16/2017||Jefferies Group LLC||Downgrade||Hold -> Underperform||N/A|
|1/11/2017||Williams Capital||Initiated Coverage||Hold||$48.00||N/A|
Earnings History and Estimates Chart for El Paso Electric Company (NYSE:EE)
Earnings History by Quarter for El Paso Electric Company (NYSE EE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/22/2018|| || || || || || || || |
|11/1/2017||Q3 2017||$1.70||$1.47||$310.00 million||$297.47 million||View||N/A|
|8/2/2017||Q2 2017||$0.75||$0.89||$251.84 million||View||Listen|
|5/3/2017||Q1 2017||($0.05)||($0.10)||$171.34 million||View||Listen|
|11/2/2016||Q316||$1.90||$1.84||$289.71 million||$323.23 million||View||N/A|
|8/3/2016||Q216||$0.44||$0.55||$219.50 million||$217.87 million||View||N/A|
|5/4/2016||Q116||($0.07)||($0.14)||$114.80 million||$113.80 million||View||N/A|
|2/24/2016||Q415||$0.02||$126.65 million||$125.73 million||View||Listen|
|8/5/2015||Q215||$0.60||$0.52||$164.00 million||$157.95 million||View||Listen|
|5/6/2015||Q115||$0.10||$0.09||$116.00 million||$163.75 million||View||Listen|
|2/25/2015||Q414||$0.10||$0.10||$190.31 million||$126.65 million||View||N/A|
|11/5/2014||Q314||$1.25||$1.30||$299.30 million||$195.10 million||View||N/A|
|8/6/2014||Q214||$0.65||$0.75||$244.80 million||$255.21 million||View||N/A|
|5/7/2014||Q114||$0.11||$0.11||$173.17 million||$116.00 million||View||N/A|
|2/24/2014||Q413||$0.12||$0.03||$125.90 million||$122.50 million||View||N/A|
|11/6/2013||Q313||$1.29||$1.26||$273.76 million||$196.00 million||View||N/A|
|8/6/2013||Q2 2013||$0.74||$0.73||$248.10 million||View||Listen|
|5/1/2013||Q1 2013||$0.10||$0.19||$116.59 million||$120.01 million||View||Listen|
|2/19/2013||Q4 2012||$0.15||$0.12||$191.74 million||$125.91 million||View||Listen|
Earnings Estimates for El Paso Electric Company (NYSE:EE)
2017 EPS Consensus Estimate: $2.33
2018 EPS Consensus Estimate: $2.50
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for El Paso Electric Company (NYSE:EE)
|Dividend Growth:||5.40% (3 Year Average)|
|Payout Ratio:||56.07% (Trailing 12 Months of Earnings) |
52.55% (Based on This Year's Estimates)
50.00% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for El Paso Electric Company (NYSE EE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for El Paso Electric Company (NYSE EE)
Insider Ownership Percentage: 1.33%
Institutional Ownership Percentage: 97.90%
Insider Trades by Quarter for El Paso Electric Company (NYSE EE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/22/2017||Charles Yamarone||Director||Sell||3,500||$52.47||$183,645.00|| |
|12/13/2016||John Robert Brown||Director||Sell||10,500||$47.74||$501,270.00|| |
|5/11/2016||Charles Yamarone||Director||Sell||5,500||$45.16||$248,380.00|| |
|11/13/2014||John Robert Brown||Director||Sell||6,000||$38.14||$228,840.00|| |
|8/13/2014||Charles Yamarone||Director||Sell||5,000||$36.62||$183,100.00|| |
|8/11/2014||James W Harris||Director||Sell||2,000||$36.66||$73,320.00|| |
|6/27/2014||David G Carpenter||EVP||Sell||15,000||$39.05||$585,750.00|| |
|5/12/2014||Hector Puente||EVP||Sell||1,950||$37.00||$72,150.00|| |
|5/23/2013||James W Harris||Director||Sell||2,000||$36.30||$72,600.00|| |
|5/6/2013||Woody L Hunt||Director||Buy||3,000||$38.39||$115,170.00|| |
|11/19/2012||David G Carpenter||CFO||Buy||2,000||$30.80||$61,600.00|| |
Headline Trends for El Paso Electric Company (NYSE:EE)
Latest Headlines for El Paso Electric Company (NYSE EE)
|El Paso Electric Company (EE) Raised to "Buy" at ValuEngine|
www.americanbankingnews.com - November 11 at 7:00 PM
|El Paso Electric Co. 2017 Q3 - Results - Earnings Call Slides|
seekingalpha.com - November 10 at 7:10 PM
|One of the state’s largest utilities teams up with German co. to power nearly 2,000 homes|
finance.yahoo.com - November 10 at 7:10 PM
|Construction Begins on New Utility-Scale Solar Facility at Holloman Air Force Base|
finance.yahoo.com - November 9 at 1:27 AM
|El Paso Electric (EE) Presents At EEI Financial Conference - Slideshow|
seekingalpha.com - November 7 at 12:43 AM
|El Paso Electric Co. – Value Analysis (NYSE:EE) : November 6, 2017|
finance.yahoo.com - November 6 at 7:42 PM
|El Paso Electric Reaches Analyst Target Price|
www.thestreet.com - November 3 at 1:21 PM
|El Paso Electric Co. breached its 50 day moving average in a Bullish Manner : EE-US : November 3, 2017|
finance.yahoo.com - November 3 at 1:21 PM
|El Paso Electric Files Unopposed Settlement in Texas Rate Case Docket No. 46831|
finance.yahoo.com - November 2 at 7:14 PM
|El Paso Electric (EE) Misses Q3 EPS by 7c, Miss on Revenues; Offers FY17 EPS Outlook Below Consensus|
www.streetinsider.com - November 2 at 12:15 AM
|El Paso Electric Co Bottom Line Retreats 20% In Q3|
www.rttnews.com - November 2 at 12:15 AM
|El Paso Electric's (EE) CEO Mary Kipp on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - November 2 at 12:15 AM
|Edited Transcript of EE earnings conference call or presentation 1-Nov-17 3:30pm GMT|
finance.yahoo.com - November 2 at 12:15 AM
|El Paso Electric Announces Third Quarter 2017 Financial Results|
finance.yahoo.com - November 1 at 7:13 PM
|El Paso Electric Company (EE) Announces Quarterly Earnings Results|
www.americanbankingnews.com - November 1 at 11:54 AM
|What's in Store for Consolidated Edison (ED) in Q3 Earnings?|
www.nasdaq.com - October 31 at 7:23 PM
|Can Favorable Weather Drive PG&E Corp (PCG) Q3 Earnings?|
finance.yahoo.com - October 31 at 7:23 PM
|El Paso Electric Company (EE) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - October 31 at 1:34 AM
|Head-To-Head Comparison: El Paso Electric (EE) and Its Competitors|
www.americanbankingnews.com - October 30 at 7:40 PM
|El Paso Electric Company (EE) Given "Hold" Rating at Mizuho|
www.americanbankingnews.com - October 28 at 10:52 PM
|El Paso Electric Company declares $0.335 dividend|
seekingalpha.com - October 27 at 4:41 AM
|El Paso Electric Company Plans Quarterly Dividend of $0.34 (EE)|
www.americanbankingnews.com - October 26 at 3:58 PM
|El Paso Electric Company (EE) Scheduled to Post Quarterly Earnings on Wednesday|
www.americanbankingnews.com - October 25 at 3:26 AM
|Comparing El Paso Electric (EE) & The Competition|
www.americanbankingnews.com - October 23 at 2:12 PM
|Head to Head Contrast: El Paso Electric (EE) and Its Competitors|
www.americanbankingnews.com - October 19 at 11:19 AM
|Jefferies Group Equities Analysts Reduce Earnings Estimates for El Paso Electric Company (EE)|
www.americanbankingnews.com - October 19 at 9:42 AM
|El Paso Electric Company to Post FY2018 Earnings of $2.41 Per Share, Jefferies Group Forecasts (EE)|
www.americanbankingnews.com - October 18 at 1:32 PM
|El Paso Electric Third Quarter Earnings Release Date and Conference Call Notification|
finance.yahoo.com - October 16 at 4:17 PM
|El Paso Electric (EE) and Its Competitors Critical Survey|
www.americanbankingnews.com - October 13 at 6:52 PM
|Head-To-Head Comparison: El Paso Electric (EE) & Its Peers|
www.americanbankingnews.com - October 10 at 9:07 AM
|Jefferies Group Weighs in on El Paso Electric Company's Q3 2017 Earnings (EE)|
www.americanbankingnews.com - October 9 at 2:14 AM
|El Paso Electric's (EE) "Hold" Rating Reaffirmed at Mizuho|
www.americanbankingnews.com - October 8 at 8:34 PM
|Jefferies Group LLC Reiterates "Hold" Rating for El Paso Electric Company (EE)|
www.americanbankingnews.com - October 6 at 4:18 PM
|El Paso Electric Company (EE) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - October 6 at 2:32 AM
|El Paso Electric Co. : EE-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 4, 2017|
finance.yahoo.com - October 4 at 10:29 AM
|ETFs with exposure to El Paso Electric Co. : September 26, 2017|
finance.yahoo.com - October 3 at 10:43 AM
|Comparing El Paso Electric (EE) & Its Peers|
www.americanbankingnews.com - October 2 at 10:06 PM
|EE Crosses Above Average Analyst Target|
www.nasdaq.com - September 28 at 5:48 PM
|Q3 2017 Earnings Forecast for El Paso Electric Company (EE) Issued By Williams Capital|
www.americanbankingnews.com - September 22 at 6:56 AM
|Q3 2018 EPS Estimates for El Paso Electric Company Cut by Williams Capital (EE)|
www.americanbankingnews.com - September 21 at 12:52 PM
|El Paso Electric and City of El Paso Agree in Principle on Terms of Settlement for Texas Rate Case Docket No. 46831|
finance.yahoo.com - September 19 at 11:15 PM
|El Paso Electric (EE) and Ormat Technologies (ORA) Critical Analysis|
www.americanbankingnews.com - September 17 at 6:12 PM
|$1.57 Earnings Per Share Expected for El Paso Electric Company (EE) This Quarter|
www.americanbankingnews.com - September 12 at 6:24 PM
|El Paso Electric Company (EE) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - September 11 at 2:22 AM
|El Paso Electric Co. :EE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 28, 2017|
finance.yahoo.com - August 28 at 5:56 PM
|Critical Review: El Paso Electric (EE) & Otter Tail Corporation (OTTR)|
www.americanbankingnews.com - August 28 at 4:20 PM
|Administrative Law Judges Issue Order To Abate Hearing In El Paso Electric Company's Texas Rate Case|
www.thestreet.com - August 26 at 5:45 AM
|Administrative Law Judges Issue Order to Abate Hearing in El Paso Electric Company’s Texas Rate Case|
finance.yahoo.com - August 24 at 7:09 PM
|El Paso Electric Company (EE) Receives New Coverage from Analysts at Mizuho|
www.americanbankingnews.com - August 17 at 7:46 AM
|Brokers Set Expectations for El Paso Electric Company's FY2018 Earnings (EE)|
www.americanbankingnews.com - August 14 at 8:52 AM
El Paso Electric Company (NYSE EE) Chart for Saturday, November, 18, 2017