|Bid||68.08 x 900|
|Ask||68.31 x 800|
|Day's Range||68.26 - 68.47|
|52 Week Range||52.83 - 74.44|
|Beta (5Y Monthly)||0.61|
|PE Ratio (TTM)||29.35|
|Earnings Date||Feb 25, 2020|
|Forward Dividend & Yield||1.54 (2.25%)|
|Ex-Dividend Date||Dec 11, 2019|
|1y Target Est||60.25|
City of El Paso Approves Assignment of Franchise Application in Proposed Acquisition of El Paso Electric by The Infrastructure Investments Fund
El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) today announced that the Public Utility Commission of Texas (PUCT) approved IIF’s proposed acquisition of EPE as being in the public interest. A Final Order from the PUCT is expected to be issued within the next few weeks.
On January 3, 2020, El Paso Electric Company (EPE) (NYSE: EE) and the Infrastructure Investments Fund (IIF) filed an unopposed stipulation (the "Unopposed Stipulation") with the New Mexico Public Regulation Commission (NMPRC) regarding IIF’s proposed acquisition of EPE. A hearing of the NMPRC to discuss the Unopposed Stipulation is scheduled for January 16, 2020.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of El Paso Electric Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Moody's Investors Service ("Moody's") downgraded El Paso Electric Company's (EE) Issuer and senior unsecured ratings to Baa2 from Baa1. "We expect El Paso Electric's credit metrics to be sustained at lower levels going forward, with a ratio of cash flow from operations before working capital changes (CFO pre-WC) to debt of around 16%, more in line with slightly lower rated vertically integrated utility peers" stated Nana Hamilton, Assistant Vice President.
NEW YORK, Aug. 30, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
NEW YORK, Aug. 16, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
A class action lawsuit has been filed on behalf of holders of Del Frisco’s common stock in connection with the proposed sale of Del Frisco’s to L Catterton. The lawsuit seeks damages and/or equitable relief on behalf of Del Frisco’s shareholders. The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Del Frisco’s shareholders vote in favor of the proposed sale of Del Frisco’s to L Catterton.
NEW YORK, Aug. 13, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
NEW YORK, NY / ACCESSWIRE / August 2, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
The Zacks Analyst Blog Highlights: Unitil, El Paso Electric, Crown Castle International, Alexandria Real Estate Equities and Essex Property Trust