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Empire District Electric Co

**Company Name:** Empire District Electric Co

**Ticker Symbol:** EDE

**Exchange:** New York Stock Exchange (NYSE)

**Industry:** Electric Utilities

**Sector:** Utilities

**Headquarters:** Joplin, Missouri, USA

**Website:** https://www.empiredistrict.com/

**Key Financial Data (as of August 2023):**

* Market Cap: $1.2 billion

* Revenue: $398.9 million

* Net Income: $64.3 million

* EPS: $2.60

* P/E Ratio: 16.5

* Dividend Yield: 3.5%

**Business Overview:**

Empire District Electric Co is an electric utility company that provides electricity to approximately 140,000 customers in southwest Missouri, southeast Kansas, and northeast Oklahoma. The company generates electricity from a mix of coal, natural gas, and renewable sources.

**Recent Developments:**

* In 2022, the company announced plans to invest $1.5 billion in infrastructure upgrades over the next five years.

* The company has been expanding its renewable energy portfolio, with plans to add 300 MW of solar and wind capacity by 2025.

* Empire District Electric Co has been recognized for its environmental stewardship and received the Edison Electric Institute's Environmental Excellence Award in 2022.

**Competitors:**

* Evergy

* Kansas City Power & Light

* Westar Energy

**Investment Considerations:**

* Empire District Electric Co is a well-established utility company with a strong track record of financial performance.

* The company's focus on renewable energy and infrastructure upgrades positions it well for future growth.

* The dividend yield is attractive compared to other utilities.

* However, the company faces competition from larger utilities and the potential for regulatory changes in the energy industry.