Capital Fund Management S.A. purchased a new stake in El Paso Electric (NYSE:EE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,200 shares of the utilities provider’s stock, valued at approximately $240,000.

A number of other institutional investors have also bought and sold shares of EE. Millennium Management LLC raised its stake in El Paso Electric by 61.8% in the second quarter. Millennium Management LLC now owns 1,644,321 shares of the utilities provider’s stock valued at $97,179,000 after buying an additional 627,790 shares in the last quarter. BlackRock Inc. raised its stake in El Paso Electric by 5.6% in the second quarter. BlackRock Inc. now owns 5,809,331 shares of the utilities provider’s stock valued at $343,332,000 after buying an additional 310,277 shares in the last quarter. FMR LLC raised its stake in El Paso Electric by 11.8% in the second quarter. FMR LLC now owns 2,005,343 shares of the utilities provider’s stock valued at $118,516,000 after buying an additional 211,071 shares in the last quarter. Covalis Capital LLP acquired a new stake in El Paso Electric in the second quarter valued at $8,128,000. Finally, Assenagon Asset Management S.A. acquired a new stake in El Paso Electric in the third quarter valued at $6,855,000. Institutional investors own 97.61% of the company’s stock.

EE opened at $53.35 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.72 and a current ratio of 0.98. El Paso Electric has a one year low of $48.05 and a one year high of $64.35. The stock has a market cap of $2.26 billion, a PE ratio of 21.44, a PEG ratio of 4.89 and a beta of 0.28.

El Paso Electric (NYSE:EE) last posted its earnings results on Thursday, November 1st. The utilities provider reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. El Paso Electric had a return on equity of 9.19% and a net margin of 11.67%. The business had revenue of $300.27 million for the quarter. As a group, equities research analysts anticipate that El Paso Electric will post 2.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, December 13th. El Paso Electric’s dividend payout ratio is currently 59.50%.

A number of analysts have recently commented on the company. ValuEngine upgraded El Paso Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded El Paso Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $56.00.

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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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Institutional Ownership by Quarter for El Paso Electric (NYSE:EE)

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