NEW YORK (

TheStreet

) --

El Paso Electric Company

(NYSE:

EE

) hit a new 52-week high Thursday as it traded at $29.49 compared with its previous 52-Week high of $29.09. El Paso Electric is changing hands at $29.43 with 29,338 shares traded as of 9:32 a.m. ET. Average volume has been 206,100 shares over the past 30 days.

El Paso Electric has a market cap of $1.2 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 5.2% year to date as of the close of trading on Wednesday.

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity primarily in west Texas and southern New Mexico. It principally operates nuclear, natural gas, and coal power plants, as well as purchases power. The company has a P/E ratio of 14, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.

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TheStreet Ratings rates El Paso Electric as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

El Paso Electric Ratings Report

.

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