Last $28.97 USD
Change Today -0.06 / -0.21%
Volume 327.6K
EDE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

empire district electric co (EDE) Snapshot

Open
$29.04
Previous Close
$29.03
Day High
$29.29
Day Low
$28.79
52 Week High
12/19/14 - $29.29
52 Week Low
01/6/14 - $22.04
Market Cap
1.3B
Average Volume 10 Days
192.1K
EPS TTM
$1.64
Shares Outstanding
43.4M
EX-Date
11/26/14
P/E TM
17.7x
Dividend
$1.04
Dividend Yield
3.54%
Current Stock Chart for EMPIRE DISTRICT ELECTRIC CO (EDE)

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empire district electric co (EDE) Details

The Empire District Electric Company, together with its subsidiaries, is engaged in the generation, purchase, transmission, distribution, and sale of electricity in Missouri, Kansas, Oklahoma, and Arkansas. It operates in three segments: Electric, Gas, and Other. The Electric segment generates electricity from coal, natural gas, and hydro plants; and provides water service to 3 towns in Missouri. As of December 31, 2012, this segment served approximately 168,800 customers, which comprise residential, commercial, industrial, wholesale on-system, and wholesale off-system, as well as public authorities. It owned generating facilities with an aggregate generating capacity of 1,377 megawatts; transmission system consisting of approximately 22 miles of 345 kV lines, 441 miles of 161 kV lines, 745 miles of 69 kV lines, and 81 miles of 34.5 kV lines; and distribution system comprising approximately 6,882 miles of lines. This segment also owns and operates water pumping facilities and distribution systems consisting of a total of approximately 89 miles of water mains in 3 communities in Missouri. The Gas segment distributes natural gas to 48 communities and 377 transportation customers in northwest, north central, and west central Missouri. This segment serves approximately 44,000 customers. As of December 31, 2012, its principal gas utility properties consisted of approximately 87 miles of transmission mains and approximately 1,160 miles of distribution mains. The Other segment is involved in leasing fiber optics cable and equipment. The Empire District Electric Company was founded in 1909 and is based in Joplin, Missouri.

751 Employees
Last Reported Date: 02/21/14
Founded in 1909

empire district electric co (EDE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $459.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $261.0K
Chief Operating Officer of Electric and Vice ...
Total Annual Compensation: $266.0K
Chief Operating Officer of Gas and Vice Presi...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

empire district electric co (EDE) Key Developments

The Empire District Electric Company Issues $60,000,000 of First Mortgage Bonds

The Empire District Electric Company announced the settlement related to the bond purchase agreement dated as of October 15, 2014, for a private placement of $60,000,000 aggregate principal amount of its 4.27% series first mortgage bonds due 2044. The first mortgage bonds will mature on December 1, 2044. Interest is payable semi-annually on the bonds on each June 1 and December 1, commencing June 1, 2015. The company expects to use the proceeds from the sale of the bonds to refinance existing short-term indebtedness and for general corporate purposes.

Empire District Electric Co. Promotes Kyle Slagle to Director of Water System Operations

Empire District Electric Co. reported Nov. 17 that it promoted Kyle Slagle to director of water system operations. Slagle is now responsible for all aspects related to staffing, operation and maintenance of the Ozark Beach hydro plant as well as the municipal water systems in Aurora, Marionville and Verona, Mo. He joined Empire District in 2008 and has served as a structural design engineer, project manager for various projects within the engineering department and manager of water operations.

The Empire District Electric Company Announces Executive Changes

The Empire District Electric Company announced changes to the company's senior management team. Effective March 1, 2015, Mr. Blake Mertens, who currently serves as vice president- Energy Supply, will become vice president - Energy Supply and Delivery Operations. Mr. Brent Baker will assume the role of vice president - Customer Service, Transmission, and Engineering effective March 1, 2015, replacing Mr. Martin Penning who will retire on February 28, 2015. Blake Mertens, as vice president - Energy Supply and Delivery Operations, Mr. Mertens will have responsibility for the electricity generation function and operations and maintenance of the line, substation and water systems. He will assure the continued cost-effective availability of electrical energy through the overall guidance of operation and maintenance of all existing Company power plants, development of new generation options, coal and rail service procurement, gas procurement, gas hedging, and bulk power marketing and unit commitment. Mr. Mertens joined the Company in 2001 as staff engineer in Energy Supply. Prior to his employment with Empire.

 

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Industry Analysis

EDE

Industry Average

Valuation EDE Industry Range
Price/Earnings 17.6x
Price/Sales 1.9x
Price/Book 1.6x
Price/Cash Flow 8.8x
TEV/Sales 0.7x
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