El Paso Electric Company

Goldman Sachs has upgraded El Paso Electric Company (NYSE: EE) from Neutral to Buy and has downgraded Portland General Electric Company from Buy to Neutral.

Jefferies is out with its report today on El Paso Electric Company (NYSE: EE), raising its PT from $33 to $34. In a note to clients, Jefferies writes, "Taking our 2013 EPS estimate of $2.65 in conjunction with a 12.9 P/E multiple, we arrive at a price target of $34.00 (up from $33.00). Based on...

Jefferies & Company has raised the price target on El Paso Electric Company (NYSE: EE) from $33 to $34 and maintains its Buy rating.

According to Gabelli, El Paso Electric Company (NYSE: EE) announced that on 3/21 its Board of Directors approved the reinstatement of a dividend as well as an additional 2.5 mm share repurchase program. Gabelli reported that management believes that the payment of dividends will allow it trade...

According to Jefferies, El Paso Electric Company (NYSE: EE) is upgraded to Buy. Jefferies reported that El Paso Electric initiated a dividend policy, which should eliminate the P/E discount at which the stock has been trading. “We are upgrading El Paso Electric to Buy from Hold due to stronger...

Jefferies & Company has upgraded El Paso Electric Company (NYSE: EE) from Hold to Buy and has raised the price target from $30.50 to $33.

Goldman Sachs has reported on El Paso Electric Company's (NYSE: EE) updated capical allocation plans. According to Goldman Sachs, "EE announced a repurchase authorization of up to 2.5 million shares of the company's stock in addition to its outstanding buyback program, where 0.7 million shares...

Jefferies is out with its report today on El Paso Electric Company (NYSE: EE), raising its price target from $30 to $30.50. In a note to clients, Jefferies writes, "Taking our 2012 EPS estimate of $2.30 in conjunction with a 13.2x P/E multiple, we arrive at a price target of $30.50 (up from $30)....

Jefferies is increasing its 4Q and full year 2010 EPS estimates on shares of El Paso Electric Company (NYSE: EE) by $0.05 to $0.15 and $2.15, respectively. “The primary reason for our revision is the absence of a 4Q09 61 day outage at the Palo Verde nuclear plant Unit 2,” Jefferies writes. “Our...

Following a downgrade of El Paso Electric Company (NYSE: EE) – from Buy to Hold – Jefferies said that it is maintaining its 2011 EPS estimate of $2.10 and 2011 EPS estimate of $2.25. “Our 2011 estimate assumes the Palo Verde nuclear plant Unit 3 operates at an 88% capacity utilization rate,”...

Jefferies is downgrading El Paso Electric Company (NYSE: EE) From Buy to Hold.

El Paso Electric Company (NYSE: EE) reported 2Q earnings of $0.49 vs. Jefferies' estimate of $0.40, and EE saw improved earnings due to increased retail volume inspired by an improving economy and strong customer growth. Jefferies is increasing its 2010 EPS estimate to $1.85, up $0.10, and...