El Paso Electric Company(NYSE:EE) Declares Dividend of $0.3100.

El Paso Electric Company (NYSE:EE) had declared a cash dividend of $0.3100 on Jul 22, 2016. The shares will quote ex-dividend on Sep 12, 2016 and the record date has been fixed for Sep 14, 2016. On Jul 22, 2016 share price, the yield comes out to be 2.6271%. The dividend payable date has been fixed on Sep 30, 2016.

In a different note, On Jul 14, 2016, Jefferies said it Upgrades its rating on El Paso Electric Company. The shares have been rated ‘Buy’ by the firm.

El Paso Electric Company (EE) made into the market gainers list on Thursdays trading session with the shares advancing 0.08% or 0.04 points. Due to strong positive momentum, the stock ended at $47.23, which is also near the day’s high of $47.47. The stock began the session at $47.07 and the volume stood at 1,50,870 shares. The 52-week high of the shares is $48.38 and the 52 week low is $33.9. The company has a current market capitalization of $1,912 M and it has 4,04,84,320 shares in outstanding.

El Paso Electric Company(EE) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Charles Yamarone (director) sold 5,500 shares at $45.16 per share price.

El Paso Electric Company is engaged in the generation transmission and distribution of electricity in an area of approximately 10000 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 approximately 1879 Megawatts. The Company’s energy sources consist of approximately 47% nuclear fuel 35% natural gas 5% coal 13% purchased power and less than 1% generated by Company-owned solar photovoltaic panels and wind turbines. It has power purchase agreements for around 107 Megawatts from solar photovoltaic generation facilities. It serves 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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