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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

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GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

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» EDE's 30-Y Financials

Financials (Next Earnings Date: 2017-10-27 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Guru Trades

Q2 2016

EDE Guru Trades in Q2 2016

Mario Gabelli 280,600 sh (+73.64%)
Jim Simons 1,114,617 sh (-13.40%)
Paul Tudor Jones 11,511 sh (-45.20%)
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Q3 2016

EDE Guru Trades in Q3 2016

Jim Simons 1,185,317 sh (+6.34%)
Mario Gabelli 286,800 sh (+2.21%)
Paul Tudor Jones Sold Out
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Q4 2016

EDE Guru Trades in Q4 2016

Paul Tudor Jones 20,243 sh (New)
Jim Simons 1,588,643 sh (+34.03%)
Mario Gabelli 359,800 sh (+25.45%)
» More
Q1 2017

EDE Guru Trades in Q1 2017

Mario Gabelli Sold Out
Jim Simons Sold Out
Paul Tudor Jones Sold Out
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» Details

Insider Trades

Latest Guru Trades with EDE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2016-12-31 Add 25.45%0.02%$34.03 - $34.46 $ 34.09-0%359,800
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Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric    NAICS: 221111    SIC: 4911
Compare:SZSE:000543, SHSE:600116, OTCPK:IKSGY, TSE:9509, WAR:ENG, XKLS:2194, SZSE:000875, BOM:532779, SZSE:002479, SHSE:600868, BSP:CELP3, ISX:POWR, SHSE:600744, LIM:LUSURC1, BSP:REDE3, BSP:GEPA3, SZSE:000958, BSP:ENMA3B, BUE:EDN, SHSE:600292 » details
Traded in other countries:EDE.Germany,
Headquarter Location:USA
Empire District Electric Co is engaged in the generation, purchase, transmission, distribution and sale of electricity in parts of Missouri, Kansas, Oklahoma and Arkansas. The Company's business segments are electric and gas.

Empire District Electric Co is a Kansas corporation organized in 1909. The Company is an operating public utility engaged in the generation, purchase, transmission, distribution and sale of electricity in parts of Missouri, Kansas, Oklahoma and Arkansas. The Company operates its businesses as three segments; Electric, Gas and Other. The Company also provides water service to three towns in Missouri. The Company, along with its subsidiary The Empire District Gas Company, is engaged in the distribution of natural gas in Missouri. The Other segment consists of fiber optics business. As of December 31, 2013 the Company's electric operations serve approximately 168,800 customers and gas operations serve approximately 44,000 customers. The territory served by electric operations embraces an area of about 10,000 square miles, located principally in southwestern Missouri, and also includes smaller areas in southeastern Kansas, northeastern Oklahoma and northwestern Arkansas. The Company supplies electric service at retail to 119 incorporated communities as of December 31, 2013, and to various unincorporated areas and at wholesale to four municipally owned distribution systems. The Company operates under franchises having original terms of twenty years or longer in the incorporated communities. The three largest classes of on-system customers are residential, commercial and industrial. The largest single on-system wholesale customer is the city of Monett, Missouri. The Company currently supplements its on-system generating capacity with purchases of capacity and energy from other sources in order to meet the demands of its customers and the capacity margins applicable under current pooling agreements and National Electric Reliability Council rules. The generating facilities consist of three coal-fired generating plants, two natural gas generating plants and one hydroelectric generating plant. The Company's gas operations serve customers in northwest, north central and west central Missouri. As of December 31, 2013, gas operations served approximately 44,000 customers. The Company provides natural gas distribution to 48 communities and 377 transportation customers as of December 31, 2013. At December 31, 2013 the principal gas utility properties of the Company consisted of approximately 87 miles of transmission mains and approximately 1,160 miles of distribution mains. The three pipelines that serve the Company's gas customers are Southern Star Central Gas Pipeline, Panhandle Eastern Pipe Line Company and ANR Pipeline Company. The Company is subject to the jurisdiction of the Missouri Public Service Commission (MPSC), the State Corporation Commission of the State of Kansas (KCC), the Corporation Commission of Oklahoma (OCC) and the Arkansas Public Service Commission (APSC) with respect to services and facilities, rates and charges, regulatory accounting, valuation of property, depreciation and various other matters.

Guru Investment Theses on Empire District Electric Co

Mario Gabelli Comments on The Empire District Electric Company - Jan 31, 2017

The Empire District Electric Company (1.5% of net assets as of December 31, 2016)(EDE –$34.09–NYSE) (NYSE:EDE) is a regulated utility company with operations in Missouri, Kansas, Oklahoma, and Arkansas. On February 9, 2016, EDE entered into an agreement to be acquired by Algonquin Power & Utilities Corp. for $34 cash per share. This transaction values EDE at $2.4 billion dollars, and is subject to regulatory and shareholder approvals. The merger closed on January 1, 2017.

From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.

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Mario Gabelli Comments on Empire District Electric - Jun 09, 2016

Empire District Electric (0.7%) (NYSE:EDE) (EDE – $33.05 – NYSE) On February 9, EDE announced an agreement to be acquired for $34 per share in cash by Algonquin Power & Utilities Corp (AQN). The $34 per share purchase price represents a 21% premium to the previous day’s close and 50% premium to the unaffected share price prior to the December 10, 2015 announcement confirming that EDE was in the early stages of exploring strategic alternatives. The $2.4 billion enterprise value, including assumed debt, represents a 10.9x multiple of our 2017 EBITDA estimate and 21.9x our 2017 earnings estimate of $1.55 per share. The transaction is expected to close in the first quarter of 2017 pending approval of EDE shareholders, and the PUC’s of Arkansas, Kansas, Missouri and Oklahoma, the Federal Communications Commission (the FCC), the Committee on Foreign Investment in the United States and the Federal Energy Regulatory Commission (the FERC). Alogonquin Power & Utilities Corp. is a renewable energy and regulated utility company with an eclectic set of assets, including 35 clean energy facilities netting to 889 MWs of capacity in Canada and seven U.S. states and Liberty Utilities. Liberty is an electric, gas and water utility serving 485,000 customers in ten states. Algonquin will maintain EDE’s headquarters in Joplin, retain all Empire District Electric employees, and place the Empire management team to lead Liberty Utilities' Central U.S. Region.

From Mario Gabelli (Trades, Portfolio)'s Gabelli Utilities Fund first quarter 2016 commentary.

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Mario Gabelli Comments on The Empire District Electric Company - May 03, 2016

The Empire District Electric Company (0.1%) (NYSE:EDE)(EDE – $33.05 – NYSE) is a regulated utility company. The company is engaged in the generation, purchase, transmission, distribution and sale of electricity. It provides its services within Missouri, Kansas, Oklahoma and Arkansas. It operates its businesses in three segments: electric, gas and ‘other’. On February 2, 2016, EDE entered into an agreement to be acquired by Algonquin Power & Utilities Corp. for $34 cash per share. This transaction values EDE at $1.5 billion dollars, and is subject to regulatory approval and shareholder votes. It is currently expected to close in the first quarter of 2017.

From Mario Gabelli (Trades, Portfolio)'s first quarter 2016 ABC Fund shareholder commentary.

Check out Mario Gabelli latest stock trades

Top Ranked Articles about Empire District Electric Co

Mario Gabelli Comments on The Empire District Electric Company Guru stock highlight
The Empire District Electric Company (1.5% of net assets as of December 31, 2016)(EDE –$34.09–NYSE) (NYSE:EDE) is a regulated utility company with operations in Missouri, Kansas, Oklahoma, and Arkansas. On February 9, 2016, EDE entered into an agreement to be acquired by Algonquin Power & Utilities Corp. for $34 cash per share. This transaction values EDE at $2.4 billion dollars, and is subject to regulatory and shareholder approvals. The merger closed on January 1, 2017. Read more...

Ratios

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Dividend & Buy Back

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Dividend Yield % 3.05
EDE's Dividend Yield % is ranked lower than
54% of the 1061 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.29 vs. EDE: 3.05 )
Ranked among companies with meaningful Dividend Yield % only.
EDE' s Dividend Yield % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 3.05
Current: 3.05
0
3.05
Dividend Payout Ratio 0.76
EDE's Dividend Payout Ratio is ranked lower than
51% of the 608 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.75 vs. EDE: 0.76 )
Ranked among companies with meaningful Dividend Payout Ratio only.
EDE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0.76
Current: 0.76
0
0.76
Forward Dividend Yield % 3.05
EDE's Forward Dividend Yield % is ranked lower than
58% of the 1052 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.14 vs. EDE: 3.05 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 3.05
EDE's 5-Year Yield-on-Cost % is ranked lower than
74% of the 1059 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.06 vs. EDE: 3.05 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
EDE' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 3.05
Current: 3.05
0
3.05

Valuation & Return

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More Statistics

Revenue (TTM) (Mil) $602.75
EPS (TTM) $ 1.37
Short Percentage of Float2.69%
52-Week Range $26.20 - 34.49
Shares Outstanding (Mil)44.09

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 634 654 678
EPS ($) 1.33 1.42 1.56
EPS without NRI ($) 1.33 1.42 1.56
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 1.04 1.05 1.07

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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