Shares of El Paso Electric Company (EE) Sees Large Inflow of Net Money Flow

El Paso Electric Company (EE) : On Wednesday, The money flowed into the El Paso Electric Company (EE) stock with an uptick to downtick ratio was recorded at 4.82. Transactions worth $1.4 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.29 million. The total money flow into the stock was $1.11 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.78 million of block transactions on upticks. The total money flow in block trades was $0.78 million. In terms of price action, El Paso Electric Company (EE) traded down $0.11 during the session at $47.63. Compared to the previous days closing, the stock was down only by -0.23%. For the week, the stock is -1.65%, over previous weeks closing.

El

El Paso Electric Co. has dropped 0.85% in the last five trading days, however, the shares have posted positive gains of 4.98% in the last 4 weeks. El Paso Electric Co. is up 3.44% in the last 3-month period. Year-to-Date the stock performance stands at 26.12%.

El Paso Electric Company (EE) : 3 analysts are covering El Paso Electric Company (EE) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

El Paso Electric Company (NYSE:EE): stock was range-bound between the intraday low of $47.24 and the intraday high of $47.92 after having opened at $47.59 on Wednesdays session. The stock finally closed in the red at $47.59, a loss of -0.36%. The stock remained in the red for the whole trading day. The total traded volume was 185,664 shares. The stock failed to cross $47.92 in Wednesdays trading. The stocks closing price on Thursday was $47.74.

El Paso Electric Company is engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 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 1,879 Megawatts. The Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.