El Paso Electric Company (EE) : Copper Rock Capital Partners scooped up 12,283 additional shares in El Paso Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 789,971 shares of El Paso Electric Company which is valued at $37,168,136.El Paso Electric Company makes up approximately 2.71% of Copper Rock Capital Partners’s portfolio.
Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co reduced its stake in EE by selling 1,667 shares or 14.78% in the most recent quarter. The Hedge Fund company now holds 9,612 shares of EE which is valued at $450,130. El Paso Electric Company makes up approx 0.03% of Dalton Greiner Hartman Maher Co’s portfolio.Capstone Asset Management Co boosted its stake in EE in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 12,193 shares of El Paso Electric Company which is valued at $570,998. El Paso Electric Company makes up approx 0.02% of Capstone Asset Management Co’s portfolio.American Investment Services reduced its stake in EE by selling 331 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 18,994 shares of EE which is valued at $889,489. El Paso Electric Company makes up approx 0.38% of American Investment Services’s portfolio.
El Paso Electric Company opened for trading at $46.97 and hit $47.24 on the upside on Wednesday, eventually ending the session at $47.05, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 1,30,735 shares. Company has a market cap of $1,905 M.
On the company’s financial health, El Paso Electric Company reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.07.During the same quarter in the previous year, the company posted $0.09 EPS.
Many Wall Street Analysts have commented on El Paso Electric Company. El Paso Electric Company was Upgraded by Jefferies to ” Buy” on Jul 14, 2016.
El Paso Electric Company is engaged in the generation transmission and distribution of electricity in an area of approximately 10000 square miles in west Texas and southern New Mexico. The Company owns or has ownership interests in several electrical generating facilities providing it with a generating capability of approximately 1879 Megawatts. The Company’s energy sources consist of approximately 47% nuclear fuel 35% natural gas 5% coal 13% purchased power and less than 1% generated by Company-owned solar photovoltaic panels and wind turbines. It has power purchase agreements for around 107 Megawatts from solar photovoltaic generation facilities. It serves residential commercial industrial public authority and wholesale customers. The Company distributes electricity to retail customers principally in El Paso Texas and Las Cruces New Mexico. In addition its wholesale sales include sales for resale to other electric utilities and power marketers.