Keeley Teton Advisors LLC cut its position in shares of El Paso Electric (NYSE:EE) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,920 shares of the utilities provider’s stock after selling 2,200 shares during the quarter. Keeley Teton Advisors LLC owned 0.06% of El Paso Electric worth $1,379,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EE. BlackRock Inc. increased its position in El Paso Electric by 1.6% in the fourth quarter. BlackRock Inc. now owns 5,426,849 shares of the utilities provider’s stock worth $300,374,000 after buying an additional 85,047 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in El Paso Electric by 1.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,931,148 shares of the utilities provider’s stock worth $106,696,000 after buying an additional 22,836 shares during the period. Gabelli Funds LLC increased its position in El Paso Electric by 1.4% in the fourth quarter. Gabelli Funds LLC now owns 1,905,500 shares of the utilities provider’s stock worth $105,469,000 after buying an additional 26,500 shares during the period. Jennison Associates LLC increased its position in El Paso Electric by 13.6% in the fourth quarter. Jennison Associates LLC now owns 1,723,501 shares of the utilities provider’s stock worth $95,396,000 after buying an additional 205,703 shares during the period. Finally, Macquarie Group Ltd. increased its position in El Paso Electric by 7.4% in the third quarter. Macquarie Group Ltd. now owns 1,147,801 shares of the utilities provider’s stock worth $63,416,000 after buying an additional 79,556 shares during the period. Hedge funds and other institutional investors own 97.41% of the company’s stock.
Several equities research analysts have weighed in on EE shares. Zacks Investment Research raised El Paso Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. ValuEngine lowered El Paso Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Mizuho reaffirmed a “hold” rating and issued a $54.00 target price on shares of El Paso Electric in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.50.
Shares of EE traded down $1.00 during trading hours on Monday, reaching $50.00. 289,942 shares of the company’s stock traded hands, compared to its average volume of 285,152. The firm has a market capitalization of $2,073.71, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 3.88 and a beta of 0.38. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.50. El Paso Electric has a twelve month low of $48.05 and a twelve month high of $61.15.
El Paso Electric (NYSE:EE) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The business had revenue of $196.10 million for the quarter, compared to analyst estimates of $234.32 million. El Paso Electric had a net margin of 10.13% and a return on equity of 8.39%. El Paso Electric’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. analysts forecast that El Paso Electric will post 2.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, March 15th. El Paso Electric’s dividend payout ratio (DPR) is 55.37%.
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El Paso Electric Profile
El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. It generates electricity through nuclear fuel, natural gas, and coal, as well as solar photovoltaic panels and wind turbines with a generating capability of approximately 2,082 megawatts.
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