UBS Group AG decreased its holdings in El Paso Electric (NYSE:EE) by 36.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,908 shares of the utilities provider’s stock after selling 38,232 shares during the quarter. UBS Group AG owned 0.16% of El Paso Electric worth $4,548,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Huntington National Bank purchased a new stake in shares of El Paso Electric during the 4th quarter valued at about $56,000. PNC Financial Services Group Inc. increased its position in shares of El Paso Electric by 24.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,073 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 606 shares during the last quarter. Dean Capital Investments Management LLC purchased a new stake in shares of El Paso Electric during the 4th quarter valued at about $224,000. Redpoint Investment Management Pty Ltd purchased a new stake in shares of El Paso Electric during the 4th quarter valued at about $319,000. Finally, Aigen Investment Management LP purchased a new stake in shares of El Paso Electric during the 4th quarter valued at about $348,000. 87.17% of the stock is owned by institutional investors and hedge funds.

El Paso Electric stock opened at $68.00 on Friday. The firm has a 50 day moving average of $68.06 and a 200 day moving average of $67.76. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 34.00 and a beta of 0.39. El Paso Electric has a 12-month low of $57.07 and a 12-month high of $69.96. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 1.15.

El Paso Electric (NYSE:EE) last released its earnings results on Friday, May 8th. The utilities provider reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.08). The firm had revenue of $158.56 million during the quarter. El Paso Electric had a return on equity of 7.55% and a net margin of 9.66%.

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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