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Williams Capital issued a report on El Paso Electric (NYSE:EE), raising its target price to $48.00 today

Showing a price of $46.10, El Paso Electric (NYSE:EE) traded 0.88% higher on the day. The last stock price is up 0.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time period. El Paso Electric has recorded a 50-day average of $46.46 and a two hundred day average of $46.05. Trade Volume was up over the average, with 241,132 shares of EE changing hands over the typical 223,608

El Paso Electric (NYSE:EE) had its target price raised to $48.00 by Williams Capital in a report released 01/11/2017. The upped price target implies a potential upside of 0.04% from the company's most recent stock price close.

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El Paso Electric (NYSE:EE)

El Paso Electric has a 52 week low of $37.19 and a 52 week high of $48.75 with a price-earnings ratio of 20.32 EE’s total market value is presently $0.

A total of 3 equity analysts have released a ratings update on EE. One equity analyst rating the company a strong buy, 0 firms rating the stock a buy, 2 firms rating the company a hold, zero brokerages rating the company a underperform, and finally 1 broker rating the stock a sell with a average stock price target of $40.42.

Brief Synopsis On El Paso Electric (NYSE:EE)

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. The Company owns or has ownership interests in several electrical generating facilities providing it with a generating capability of over 2,055 Megawatts. The Company's energy sources consists of approximately 47% nuclear fuel, 34% natural gas, 6% coal, 13% purchased power and 1% generated by Company-owned solar photovoltaic panels and wind turbines. The Company has power purchase agreements for over 107 Megawatts from solar photovoltaic generation facilities. The Company serves approximately 404,500 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. In addition, its wholesale sales include sales for resale to other electric utilities and power marketers.

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