El Paso Electric (NYSE:EE) Director Stephen Wertheimer sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $66.40, for a total transaction of $1,660,000.00. Following the sale, the director now owns 27,376 shares of the company’s stock, valued at $1,817,766.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
EE stock opened at $66.41 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.46 and a current ratio of 0.64. The stock has a market cap of $2.71 billion, a P/E ratio of 28.50, a P/E/G ratio of 4.61 and a beta of 0.57. The firm has a 50 day simple moving average of $66.17 and a 200 day simple moving average of $60.83. El Paso Electric has a 52 week low of $47.99 and a 52 week high of $66.83.
El Paso Electric (NYSE:EE) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.14). The company had revenue of $203.08 million for the quarter. El Paso Electric had a return on equity of 7.79% and a net margin of 10.39%. Sell-side analysts predict that El Paso Electric will post 2.62 EPS for the current year.
Several analysts recently commented on EE shares. TheStreet upgraded shares of El Paso Electric from a “c+” rating to a “b-” rating in a report on Wednesday, April 24th. ValuEngine upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. Finally, Zacks Investment Research cut shares of El Paso Electric from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $60.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cowen Inc. bought a new position in El Paso Electric during the second quarter worth $6,884,000. Susquehanna International Group LLP bought a new stake in El Paso Electric in the 2nd quarter valued at $1,464,000. UBS Asset Management Americas Inc. increased its holdings in El Paso Electric by 5.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 49,224 shares of the utilities provider’s stock valued at $3,219,000 after buying an additional 2,504 shares during the period. Cubist Systematic Strategies LLC increased its holdings in El Paso Electric by 109.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,914 shares of the utilities provider’s stock valued at $1,237,000 after buying an additional 9,884 shares during the period. Finally, Morgan Stanley increased its holdings in El Paso Electric by 157.4% in the 2nd quarter. Morgan Stanley now owns 181,132 shares of the utilities provider’s stock valued at $11,846,000 after buying an additional 110,767 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.
About El Paso Electric
El Paso Electric Co engages in the generation, transmission, and distribution of electricity in West Texas and southern New Mexico. Its energy sources consist of nuclear fuel, natural gas, coal, wind turbines, and purchased power. The company’s electrical generating facilities include Palo Verde Station, Newman Power Station, Rio Grande Power Station, Four Corners Station, Copper Power Station, and Wind Ranch.
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