El Paso Electric Co (NYSE:EE) Institutional Investor Positioning Change

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Sentiment for El Paso Electric Co (NYSE:EE)

El Paso Electric Co (NYSE:EE) institutional sentiment increased to 1.07 in Q3 2018. Its up 0.10, from 0.97 in 2018Q2. The ratio has increased, as 72 hedge funds increased and opened new stock positions, while 67 cut down and sold their equity positions in El Paso Electric Co. The hedge funds in our partner’s database reported: 38.38 million shares, down from 39.63 million shares in 2018Q2. Also, the number of hedge funds holding El Paso Electric Co in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 10 Reduced: 57 Increased: 48 New Position: 24.

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 $2.02 billion. It generates electricity through nuclear fuel, natural gas, and coal facilities, as well as solar photovoltaic panels and wind turbines. It has a 19.1 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 0.86% or $0.43 during the last trading session, reaching $49.67. About 161,555 shares traded. El Paso Electric Company (NYSE:EE) has declined 7.55% since January 12, 2018 and is downtrending. It has underperformed by 7.55% the S&P500.

Analysts await El Paso Electric Company (NYSE:EE) to report earnings on February, 26. They expect $-0.11 earnings per share, down 168.75 % or $0.27 from last year’s $0.16 per share. After $1.79 actual earnings per share reported by El Paso Electric Company for the previous quarter, Wall Street now forecasts -106.15 % negative EPS growth.

Electron Capital Partners Llc holds 6.07% of its portfolio in El Paso Electric Company for 737,252 shares. Dalton Greiner Hartman Maher & Co owns 469,611 shares or 1.34% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 1.18% invested in the company for 1.99 million shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 0.71% in the stock. Gabelli Funds Llc, a New York-based fund reported 1.90 million shares.

More notable recent El Paso Electric Company (NYSE:EE) news were published by: Seekingalpha.com which released: “El Paso Electric Co. (EE) CEO Mary Kipp on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 05, 2018, also Fool.com with their article: “These 3 Reliable Utility Stocks Are Cheap Today – The Motley Fool” published on November 04, 2018, Seekingalpha.com published: “New Residential: Why This 13.8% Yielder Fell 20%, And What Comes Next – Seeking Alpha” on December 31, 2018. More interesting news about El Paso Electric Company (NYSE:EE) were released by: Seekingalpha.com and their article: “Amazon Go seen generating huge sales – Seeking Alpha” published on January 04, 2019 as well as Seekingalpha.com‘s news article titled: “El Paso Electric’s (EE) CEO Mary Kipp on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: May 05, 2018.

El Paso Electric Company (NYSE:EE) Institutional Positions Chart

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