First Trust Advisors LP increased its stake in Empire District Electric Co. (NYSE:EDE) by 16.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 378,215 shares of the company’s stock after buying an additional 53,372 shares during the period. First Trust Advisors LP owned approximately 0.85% of Empire District Electric worth $12,912,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new stake in shares of Empire District Electric during the second quarter valued at $110,000. Teacher Retirement System of Texas increased its stake in shares of Empire District Electric by 9.0% in the second quarter. Teacher Retirement System of Texas now owns 5,861 shares of the company’s stock valued at $199,000 after buying an additional 486 shares during the period. Ancora Advisors LLC bought a new stake in shares of Empire District Electric during the second quarter valued at $201,000. Bank of Montreal Can bought a new stake in shares of Empire District Electric during the second quarter valued at $215,000. Finally, Commonwealth Equity Services Inc increased its stake in shares of Empire District Electric by 15.8% in the second quarter. Commonwealth Equity Services Inc now owns 7,469 shares of the company’s stock valued at $254,000 after buying an additional 1,018 shares during the period. Institutional investors own 66.02% of the company’s stock.

Institutional Ownership by Quarter for Empire District Electric (NYSE:EDE)

Empire District Electric Co. (NYSE:EDE) traded down 0.12% on Wednesday, hitting $34.04. The stock had a trading volume of 124,286 shares. The firm has a market cap of $1.50 billion, a PE ratio of 24.83 and a beta of 0.11. Empire District Electric Co. has a 12-month low of $22.18 and a 12-month high of $34.49. The company’s 50 day moving average is $34.28 and its 200 day moving average is $33.94.

Empire District Electric (NYSE:EDE) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. Empire District Electric had a return on equity of 8.13% and a net margin of 10.78%. On average, equities research analysts expect that Empire District Electric Co. will post $1.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Tuesday, November 29th. Empire District Electric’s dividend payout ratio is currently 75.36%.

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Several equities research analysts have weighed in on EDE shares. TD Securities restated a “hold” rating and set a $20.00 price target on shares of Empire District Electric in a report on Thursday, September 15th. BMO Capital Markets restated a “market perform” rating and set a $21.00 price target on shares of Empire District Electric in a report on Monday, September 19th. Dundee Securities restated a “neutral” rating and set a $20.00 price target on shares of Empire District Electric in a report on Friday, September 23rd. RBC Capital Markets restated a “sector perform” rating and set a $22.00 price target on shares of Empire District Electric in a report on Friday, September 16th. Finally, Scotiabank restated a “sector perform” rating and set a $23.00 price target on shares of Empire District Electric in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Empire District Electric currently has an average rating of “Hold” and a consensus target price of $24.13.

About Empire District Electric

The Empire District Electric Company is a regulated utility company. The Company is engaged in the generation, purchase, transmission, distribution and sale of electricity. It provides services with in Missouri, Kansas, Oklahoma and Arkansas. The Company operates its businesses in three segments: electric, gas and other.

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