Electron Capital Partners LLC grew its holdings in El Paso Electric (NYSE:EE) by 47.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 962,905 shares of the utilities provider’s stock after acquiring an additional 310,159 shares during the period. El Paso Electric comprises approximately 7.2% of Electron Capital Partners LLC’s portfolio, making the stock its 6th largest position. Electron Capital Partners LLC’s holdings in El Paso Electric were worth $56,638,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Sageworth Trust Co grew 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 worth $46,000 after purchasing an additional 185 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in shares of El Paso Electric during the first quarter worth $60,000. NumerixS Investment Technologies Inc acquired a new position in shares of El Paso Electric during the fourth quarter worth $65,000. Quadrant Capital Group LLC grew 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 worth $69,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Strs Ohio grew 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 worth $90,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

A number of brokerages recently weighed in on EE. Zacks Investment Research raised shares of El Paso Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. TheStreet cut shares of El Paso Electric from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th. Bank of America reissued a “neutral” rating and issued a $55.00 price target (up from $49.00) on shares of El Paso Electric in a research report on Friday, March 1st. Williams Capital raised shares of El Paso Electric from a “sell” rating to a “hold” rating and boosted their price target for the company from $49.00 to $53.00 in a research report on Monday, March 4th. Finally, Mizuho boosted their price target on shares of El Paso Electric from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, March 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. El Paso Electric currently has a consensus rating of “Hold” and a consensus target price of $58.00.

Shares of EE opened at $65.17 on Friday. El Paso Electric has a 1-year low of $47.99 and a 1-year high of $66.83. The firm has a market capitalization of $2.65 billion, a P/E ratio of 26.54, a P/E/G ratio of 4.51 and a beta of 0.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.52 and a quick ratio of 0.37.

El Paso Electric (NYSE:EE) last announced its quarterly earnings results on Wednesday, May 8th. The utilities provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.29). El Paso Electric had a net margin of 10.79% and a return on equity of 8.61%. The company had revenue of $174.36 million during the quarter. As a group, sell-side analysts predict that El Paso Electric will post 2.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.385 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from El Paso Electric’s previous quarterly dividend of $0.36. This represents a $1.54 dividend on an annualized basis and a yield of 2.36%. El Paso Electric’s payout ratio is 66.09%.

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El Paso Electric Company Profile

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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