About El Paso Electric (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
Trailing P/E Ratio21.25
Forward P/E Ratio20.32
Sales & Book Value
Annual Sales$886.94 million
Price / Sales2.33
Cash Flow$5.97 per share
Price / Cash8.54
Book Value$26.51 per share
Price / Book1.92
Net Income$96.76 million
Return on Equity8.44%
Return on Assets2.67%
El Paso Electric (NYSE:EE) Frequently Asked Questions
What is El Paso Electric's stock symbol?
El Paso Electric trades on the New York Stock Exchange (NYSE) under the ticker symbol "EE."
How often does El Paso Electric pay dividends? What is the dividend yield for El Paso Electric?
El Paso Electric declared 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 yield of 2.63%. The ex-dividend date is Thursday, December 14th. View El Paso Electric's Dividend History.
How were El Paso Electric's earnings last quarter?
El Paso Electric (NYSE:EE) issued its quarterly earnings data on Wednesday, November, 1st. The utilities provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.70 by $0.23. The utilities provider earned $297.47 million during the quarter, compared to analysts' expectations of $310 million. El Paso Electric had a net margin of 10.13% and a return on equity of 8.44%. The business's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 earnings per share. View El Paso Electric's Earnings History.
When will El Paso Electric make its next earnings announcement?
Where is El Paso Electric's stock going? Where will El Paso Electric's stock price be in 2018?
3 brokerages have issued 1-year price targets for El Paso Electric's shares. Their forecasts range from $54.00 to $62.00. On average, they expect El Paso Electric's stock price to reach $57.67 in the next twelve months. View Analyst Ratings for El Paso Electric.
What are Wall Street analysts saying about El Paso Electric stock?
Here are some recent quotes from research analysts about El Paso Electric 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 " (12/25/2017)
- 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's key competitors?
Some companies that are related to El Paso Electric include Portland General Electric (POR), ALLETE (ALE), Hawaiian Electric Industries (HE), NRG Yield, Inc. Class C (NYLD), Cleco Corporate (CNL), Ormat Technologies (ORA), UIL (UIL), PNM Resources (PNM), NorthWestern (NWE), Capital Power (CPX), Empresa Distribuidora y Cmrz Nrt (EDN), Atlantica Yield (AY), MGE Energy (MGEE), Companhia Paranaense de Energia (ELP), Dynegy (DYN), Otter Tail (OTTR), Kenon (KEN) and UNITIL (UTL).
Who are El Paso Electric's key executives?
El Paso Electric'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 stock?
El Paso Electric's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (1.00%), Bank of Montreal Can (0.17%) and Louisiana State Employees Retirement System (0.04%). Company insiders that own El Paso Electric stock include Charles Yamarone and John Robert Brown. View Institutional Ownership Trends for El Paso Electric.
Who bought El Paso Electric stock? Who is buying El Paso Electric stock?
El Paso Electric's stock was purchased by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Bank of Montreal Can and Louisiana State Employees Retirement System. View Insider Buying and Selling for El Paso Electric.
How do I buy El Paso Electric stock?
Shares of El Paso Electric 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's stock price today?
One share of El Paso Electric stock can currently be purchased for approximately $51.00.
How big of a company is El Paso Electric?
El Paso Electric has a market capitalization of $2.07 billion and generates $886.94 million in revenue each year. The utilities provider earns $96.76 million in net income (profit) each year or $2.40 on an earnings per share basis. El Paso Electric employs 1,100 workers across the globe.
How can I contact El Paso Electric?
El Paso Electric's mailing address is STANTON TOWER 100 NORTH STANTON, EL PASO TX, 79901. The utilities provider can be reached via phone at 915-543-5711 or via email at [email protected]
MarketBeat Community Rating for El Paso Electric (EE)MarketBeat's community ratings are surveys of what our community members think about El Paso Electric 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.
El Paso Electric (NYSE:EE) Earnings History and Estimates Chart
El Paso Electric (NYSE EE) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
El Paso Electric (NYSE:EE) Earnings Estimates
2018 EPS Consensus Estimate: $2.50
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
El Paso Electric (NYSE:EE) Dividend Information
|Most Recent Dividend:||12/29/2017|
|Dividend Growth:||6.00% (3 Year Average)|
|Payout Ratio:||55.83% (Trailing 12 Months of Earnings) |
53.39% (Based on This Year's Estimates)
50.38% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
El Paso Electric (NYSE:EE) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
El Paso Electric (NYSE EE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.29%
Institutional Ownership Percentage: 98.66%
El Paso Electric (NYSE EE) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|6/22/2017||Charles Yamarone||Director||Sell||3,500||$52.47||$183,645.00||10,000|| |
|12/13/2016||John Robert Brown||Director||Sell||10,500||$47.74||$501,270.00||35,000|| |
|5/11/2016||Charles Yamarone||Director||Sell||5,500||$45.16||$248,380.00||6,500|| |
|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||19,838|| |
|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|| |
El Paso Electric (NYSE EE) News Headlines
El Paso Electric (NYSE:EE) SEC Filings
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El Paso Electric (NYSE:EE) Income Statement, Balance Sheet and Cash Flow Statement
El Paso Electric (NYSE EE) Stock Chart for Wednesday, January, 17, 2018