Empire District Electric Co (EDE) is Downgraded by Ladenburg Thalmann to Neutral

Empire District Electric Co (EDE) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on Empire District Electric Co. Empire District Electric Co was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Feb 22, 2016.

Empire District Electric Co opened for trading at $33.47 and hit $33.65 on the upside on Wednesday, eventually ending the session at $33.64, with a gain of 0.33% or 0.11 points. The heightened volatility saw the trading volume jump to 2,41,393 shares. Company has a market cap of $1,475 M.

In a different news, on Feb 27, 2015, William L Gipson (director) sold 2,698 shares at $25.84 per share price.

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 its services with in Missouri Kansas Oklahoma and Arkansas. It operates its businesses in three segments: electric gas and other. The electric segment provides water service to around three towns in Missouri. The Company through its wholly owned subsidiary The Empire District Gas Company (EDG) is engaged in the distribution of natural gas in Missouri. Its other segment consists of fiber optics business. It supplies electric service at retail to around 119 incorporated communities and unincorporated areas and at wholesale to around four municipally owned distribution systems. It provides natural gas distribution to around 48 communities and 422 transportation customers. Its customers include residential commercial and industrial sectors.

Empire District Electric Co

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