El Paso Electric Company shares are currently trading up about 2.4% on the day.

FORBES: EE Makes Bullish Cross Above Critical Moving Average

El Paso Electric Company shares are currently trading down about 0.3% on the day.

FORBES: EE Makes Bullish Cross Above Critical Moving Average

Other competitors in the utilities sector include: Entergy (ETR), El Paso Electric Company (EE), and Constellation Energy (CEG).

FORBES: Earnings Preview: Exelon

The report also cited the strong quarterly dividend history at El Paso Electric Company, and favorable long-term multi-year growth rates in key fundamental data points.

FORBES: EE Added as Top 10 Utility Dividend Stock With 3.01% Yield