Vmbook Online ordering
Companhia Paranaense De Energia
Sure, I'd be happy to help you with that!
ELP is the stock ticker symbol for El Paso Electric Company, a public utility company that provides electricity and energy services to approximately 430,000 customers in West Texas and southern New Mexico.
Here are some key things to know about El Paso Electric:
1. Financial Performance: For the full year 2021, El Paso Electric reported net income of $137.5 million, or $2.33 per share, compared to $122.2 million, or $2.08 per share, in 2020. The company's revenue for 2021 was $1.3 billion, up from $1.2 billion in 2020.
2. Dividends: El Paso Electric has a strong history of paying dividends to its shareholders. As of February 2023, the company's annual dividend rate is $1.32 per share, which represents a yield of approximately 3.2% based on the stock's current price.
3. Growth: El Paso Electric has been investing in its infrastructure and expanding its operations to support growth in its service territory. The company has several major capital projects underway, including the construction of a new transmission line and substation in west Texas.
4. Regulatory Environment: As a regulated utility, El Paso Electric operates in a highly regulated environment. The company's rates and returns are subject to approval by state regulatory commissions in Texas and New Mexico.
5. ESG Performance: El Paso Electric has a strong commitment to environmental, social, and governance (ESG) performance. The company has set ambitious goals to reduce its carbon emissions and has implemented programs to promote energy efficiency and renewable energy.
Overall, El Paso Electric is a well-established public utility company with a strong financial performance, a history of paying dividends, and a commitment to growth and ESG performance. However, as with any investment, it's important to do your own research and consider your own investment objectives and risk tolerance before making a decision.