Century Capital Management LLC Decreases Stake in El Paso Electric Company (EE)

Century Capital Management LLC reduced its stake in El Paso Electric Company (NYSE:EE) by 18.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 78,785 shares of the utilities provider’s stock after selling 17,903 shares during the period. Century Capital Management LLC owned about 0.19% of El Paso Electric Company worth $3,979,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Neuburgh Advisers LLC boosted its stake in shares of El Paso Electric Company by 1.1% in the first quarter. Neuburgh Advisers LLC now owns 2,068 shares of the utilities provider’s stock valued at $104,000 after buying an additional 22 shares during the period. Tyers Asset Management LLC acquired a new stake in shares of El Paso Electric Company during the fourth quarter valued at approximately $121,000. Flinton Capital Management LLC acquired a new stake in shares of El Paso Electric Company during the fourth quarter valued at approximately $147,000. State of Alaska Department of Revenue boosted its stake in shares of El Paso Electric Company by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,480 shares of the utilities provider’s stock valued at $226,000 after buying an additional 90 shares during the period. Finally, Teza Capital Management LLC acquired a new stake in shares of El Paso Electric Company during the first quarter valued at approximately $301,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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

El Paso Electric Company (NYSE:EE) traded up 0.48% during mid-day trading on Friday, reaching $52.05. The company’s stock had a trading volume of 129,188 shares. The stock’s 50 day moving average is $51.31 and its 200 day moving average is $47.93. El Paso Electric Company has a 12 month low of $42.49 and a 12 month high of $52.50. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 21.43 and a beta of 0.42.

El Paso Electric Company (NYSE:EE) last released its earnings results on Wednesday, May 3rd. The utilities provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.05. El Paso Electric Company had a net margin of 10.48% and a return on equity of 8.95%. The company had revenue of $171.34 million during the quarter. During the same quarter last year, the firm earned ($0.14) earnings per share. Equities research analysts predict that El Paso Electric Company will post $2.51 EPS for the current year.

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Several analysts have issued reports on the company. Zacks Investment Research upgraded El Paso Electric Company from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, March 14th. Jefferies Group LLC boosted their price objective on El Paso Electric Company from $48.50 to $52.00 and gave the stock a “hold” rating in a report on Thursday, May 4th.

About El Paso Electric Company

El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was 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. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).

12 Month Chart for NYSE:EE

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