Is El Paso Electric Co (NYSE:EE) Going to Burn These Institutional Investors?

January 18, 2018 - By Adrian Mccoy

 Is El Paso Electric Co (NYSE:EE) Going to Burn These Institutional Investors?

Sentiment for El Paso Electric Co (NYSE:EE)

El Paso Electric Co (NYSE:EE) institutional sentiment decreased to 1.3 in 2017 Q3. Its down -0.19, from 1.49 in 2017Q2. The ratio is negative, as 86 institutional investors increased or opened new equity positions, while 66 sold and reduced their equity positions in El Paso Electric Co. The institutional investors in our partner’s database now hold: 39.38 million shares, up from 39.15 million shares in 2017Q2. Also, the number of institutional investors holding El Paso Electric Co in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 21 Reduced: 45 Increased: 64 New Position: 22.

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. The company has market cap of $2.09 billion. It generates electricity through nuclear fuel, natural gas, and coal facilities, as well as solar photovoltaic panels and wind turbines. It has a 21.41 P/E ratio. The firm owns or has ownership interests in various electrical generating facilities with a net dependable generating capability of approximately 2,080 megawatts; four 345 kilovolt transmission lines in New Mexico and Arizona; and three 500 kV lines in Arizona.

The stock decreased 0.96% or $0.5 during the last trading session, reaching $51.4. About 67,178 shares traded. El Paso Electric Company (NYSE:EE) has risen 21.05% since January 18, 2017 and is uptrending. It has outperformed by 4.35% the S&P500.

Analysts await El Paso Electric Company (NYSE:EE) to report earnings on February, 22. They expect $0.22 earnings per share, up 57.14 % or $0.08 from last year’s $0.14 per share. EE’s profit will be $8.93M for 58.41 P/E if the $0.22 EPS becomes a reality. After $1.47 actual earnings per share reported by El Paso Electric Company for the previous quarter, Wall Street now forecasts -85.03 % negative EPS growth.

Fuller & Thaler Asset Management Inc. holds 1.31% of its portfolio in El Paso Electric Company for 1.93 million shares. Dalton Greiner Hartman Maher & Co owns 393,946 shares or 1.22% of their US portfolio. Moreover, Piermont Capital Management Inc. has 0.83% invested in the company for 45,460 shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 0.68% in the stock. Gabelli Funds Llc, a New York-based fund reported 1.88 million shares.#img1#

El Paso Electric Company (NYSE:EE) Ratings Coverage

Ratings analysis reveals 0 of El Paso Electric Company’s analysts are positive. Out of 4 Wall Street analysts rating El Paso Electric Company, 0 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $48 while the high is $62.0. The stock’s average target of $55.25 is 7.49% above today’s ($51.4) share price. EE was included in 18 notes of analysts from November 20, 2015. The stock has “Hold” rating by Jefferies on Thursday, August 3. Jefferies maintained El Paso Electric Company (NYSE:EE) rating on Tuesday, June 13. Jefferies has “Hold” rating and $5200 target. Williams Capital Group initiated El Paso Electric Company (NYSE:EE) on Wednesday, January 11 with “Hold” rating. Jefferies downgraded the shares of EE in report on Tuesday, November 15 to “Hold” rating. Jefferies downgraded the stock to “Underperform” rating in Friday, November 20 report. The firm has “Hold” rating by Mizuho given on Tuesday, October 3. The stock of El Paso Electric Company (NYSE:EE) earned “Hold” rating by Jefferies on Friday, July 21. Mizuho maintained it with “Hold” rating and $54.0 target in Wednesday, January 10 report. Mizuho maintained the shares of EE in report on Thursday, October 26 with “Hold” rating. Jefferies upgraded the stock to “Buy” rating in Thursday, July 14 report.

Another recent and important El Paso Electric Company (NYSE:EE) news was published by Nasdaq.com which published an article titled: “El Paso Electric Company (EE) Ex-Dividend Date Scheduled for December 14, 2017” on December 13, 2017.

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