Metropolitan Life Insurance Co. NY Continues to Hold Stake in El Paso Electric Company (EE)

Metropolitan Life Insurance Co. NY continued to hold its position in El Paso Electric Company (NYSE:EE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,451 shares of the company’s stock at the end of the fourth quarter. Metropolitan Life Insurance Co. NY owned 0.07% of El Paso Electric Company worth $1,276,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in El Paso Electric Company during the fourth quarter valued at about $13,487,000. BlackRock Fund Advisors boosted its position in El Paso Electric Company by 8.0% in the third quarter. BlackRock Fund Advisors now owns 2,953,336 shares of the company’s stock valued at $138,128,000 after buying an additional 219,596 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in El Paso Electric Company during the third quarter valued at about $9,429,000. Renaissance Technologies LLC boosted its position in El Paso Electric Company by 44.9% in the fourth quarter. Renaissance Technologies LLC now owns 468,300 shares of the company’s stock valued at $21,776,000 after buying an additional 145,200 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new position in El Paso Electric Company during the third quarter valued at about $6,036,000. Institutional investors own 94.96% of the company’s stock.

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

El Paso Electric Company (NYSE:EE) opened at 49.55 on Friday. The firm’s 50-day moving average price is $47.88 and its 200 day moving average price is $46.26. The firm has a market cap of $2.01 billion, a PE ratio of 20.73 and a beta of 0.42. El Paso Electric Company has a 52-week low of $42.42 and a 52-week high of $49.90.

El Paso Electric Company (NYSE:EE) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.07 by $0.07. El Paso Electric Company had a net margin of 10.48% and a return on equity of 8.95%. The business had revenue of $188 million for the quarter. During the same period in the previous year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that El Paso Electric Company will post $2.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.50%. El Paso Electric Company’s payout ratio is 54.63%.

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Several equities analysts have issued reports on EE shares. Zacks Investment Research upgraded El Paso Electric Company from a “sell” rating to a “hold” rating in a research report on Wednesday, December 14th. Williams Capital started coverage on El Paso Electric Company in a research report on Wednesday, January 11th. They set a “hold” rating and a $48.00 target price on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $46.50 target price on shares of El Paso Electric Company in a research report on Tuesday, February 14th.

El Paso Electric Company Company Profile

El Paso Electric Company is engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. The Company owns or has ownership interests in several electrical generating facilities providing it with a generating capability of over 2,055 Megawatts.

5 Day Chart for NYSE:EE

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