Congress Asset Management Co. MA Has $1.31 Million Holdings in El Paso Electric (EE)

Congress Asset Management Co. MA reduced its position in El Paso Electric (NYSE:EE) by 68.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,920 shares of the utilities provider’s stock after selling 49,100 shares during the period. Congress Asset Management Co. MA owned approximately 0.06% of El Paso Electric worth $1,311,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. First Trust Advisors LP boosted its position in El Paso Electric by 8.6% in the 3rd quarter. First Trust Advisors LP now owns 429,005 shares of the utilities provider’s stock valued at $24,539,000 after buying an additional 34,021 shares during the last quarter. Bank of Montreal Can boosted its position in El Paso Electric by 31.8% in the 3rd quarter. Bank of Montreal Can now owns 60,148 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 14,495 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in El Paso Electric by 6.8% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 469,611 shares of the utilities provider’s stock valued at $26,862,000 after buying an additional 29,985 shares during the last quarter. Northern Trust Corp boosted its position in El Paso Electric by 0.8% in the 2nd quarter. Northern Trust Corp now owns 1,305,183 shares of the utilities provider’s stock valued at $77,136,000 after buying an additional 10,528 shares during the last quarter. Finally, FMR LLC boosted its position in El Paso Electric by 11.8% in the 2nd quarter. FMR LLC now owns 2,005,343 shares of the utilities provider’s stock valued at $118,516,000 after buying an additional 211,071 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

EE has been the subject of a number of analyst reports. Zacks Investment Research cut shares of El Paso Electric from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. ValuEngine cut shares of El Paso Electric from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Mizuho reissued a “hold” rating and issued a $58.00 price objective on shares of El Paso Electric in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $56.00.



Shares of El Paso Electric stock opened at $57.50 on Wednesday. The stock has a market capitalization of $2.32 billion, a PE ratio of 25.34, a P/E/G ratio of 5.07 and a beta of 0.33. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 1.22. El Paso Electric has a 1 year low of $48.05 and a 1 year high of $64.35.

El Paso Electric (NYSE:EE) last issued its earnings results on Thursday, August 2nd. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.12). The company had revenue of $236.80 million during the quarter. El Paso Electric had a net margin of 10.21% and a return on equity of 8.12%. During the same quarter in the previous year, the business posted $0.89 EPS. Sell-side analysts forecast that El Paso Electric will post 2.43 earnings per share for the current year.

El Paso Electric Profile

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. It generates electricity through nuclear fuel, natural gas, and coal, as well as solar photovoltaic panels and wind turbines with a generating capability of approximately 2,082 megawatts.

Further Reading: Fundamental Analysis and Individual Investors

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

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