67.81 +0.02 (0.03%)
After hours: 4:26PM EST
|Bid||67.81 x 800|
|Ask||67.82 x 800|
|Day's Range||67.78 - 67.93|
|52 Week Range||47.99 - 74.44|
|Beta (3Y Monthly)||0.54|
|PE Ratio (TTM)||29.12|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||1.54 (2.27%)|
|1y Target Est||60.83|
El Paso Electric Company (EPE) (EE) and the Infrastructure Investments Fund (IIF) today announced that they have reached an agreement in principle with the Public Utility Commission of Texas (PUCT) staff and most intervenors regarding IIF’s proposed acquisition of EPE. In response to this development, the PUCT issued an order delaying the hearing on the merits in order to assist in reaching a unanimous settlement. This agreement in principle is an important milestone toward completing IIF’s acquisition of EPE and demonstrates our shared belief that this transaction creates meaningful benefits for EPE and EPE’s communities, customers, and employees.
El Paso Electric Company (the “Company) (EE) will release its financial results for the three months and nine months ended September 30, 2019 on Wednesday, November 6, 2019. In light of the previously announced Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which the Company will be purchased by an affiliate of the Infrastructure Investments Fund (“IIF”), a private investment vehicle advised by J.P. Morgan Investment Management Inc., the Company plans to no longer hold quarterly earnings conference calls to review quarterly financial results and will no longer provide earnings guidance nor will it affirm past earnings guidance.
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 […]
The Board of Directors of El Paso Electric Company (EE) has declared a regular quarterly cash dividend on its common stock of $0.385 per share. The dividend was declared on October 17, 2019 and is payable on December 27, 2019 to shareholders of record as of the close of business on December 13, 2019. El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 430,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico.
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
NEW YORK, July 31, 2019 -- Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: MidSouth Bancorp, Inc..
NEW YORK, NY / ACCESSWIRE / July 25, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
NEW YORK, NY / ACCESSWIRE / July 24, 2019 / Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Shutterfly, Inc. (NASDAQ: SFLY) The ...
WILMINGTON, Del., July 24, 2019 -- Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District.
NEW YORK, July 24, 2019 -- Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Shutterfly, Inc. (NASDAQ:.