TD Asset Management Inc. reduced its position in El Paso Electric (NYSE:EE) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,400 shares of the utilities provider’s stock after selling 1,300 shares during the quarter. TD Asset Management Inc.’s holdings in El Paso Electric were worth $2,023,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sageworth Trust Co boosted its stake in shares of El Paso Electric by 30.8% during the first quarter. Sageworth Trust Co now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 185 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of El Paso Electric by 1,552.8% during the first quarter. Quadrant Capital Group LLC now owns 1,190 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 1,118 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of El Paso Electric during the fourth quarter valued at approximately $65,000. Strs Ohio boosted its stake in shares of El Paso Electric by 260.0% during the fourth quarter. Strs Ohio now owns 1,800 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of El Paso Electric by 36.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,994 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 800 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on EE. Zacks Investment Research downgraded shares of El Paso Electric from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. ValuEngine upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Mizuho increased their price objective on shares of El Paso Electric from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, March 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.00.

Shares of NYSE EE traded down $0.31 during midday trading on Tuesday, reaching $65.77. 8,193 shares of the company’s stock traded hands, compared to its average volume of 406,958. The company has a market cap of $2.37 billion, a PE ratio of 28.26, a P/E/G ratio of 4.66 and a beta of 0.53. El Paso Electric has a one year low of $47.99 and a one year high of $66.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.37 and a current ratio of 0.52.

El Paso Electric (NYSE:EE) last announced its earnings results on Wednesday, May 8th. The utilities provider reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.29). The firm had revenue of $174.36 million during the quarter. El Paso Electric had a net margin of 10.79% and a return on equity of 8.61%. On average, analysts forecast that El Paso Electric will post 2.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 2.34%. This is an increase from El Paso Electric’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, June 13th. El Paso Electric’s dividend payout ratio (DPR) is 61.80%.

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

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