Eagle Boston Investment Management Inc buys $9,288,575 stake in Empire District Electric Co (EDE)

Empire District Electric Co (EDE) : Eagle Boston Investment Management Inc scooped up 7,819 additional shares in Empire District Electric Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 274,404 shares of Empire District Electric Co which is valued at $9,288,575.Empire District Electric Co makes up approximately 1.21% of Eagle Boston Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in EDE during the most recent quarter. The investment firm sold 5,978 shares of EDE which is valued $202,355.Nisa Investment Advisors reduced its stake in EDE by selling 3,300 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 70,500 shares of EDE which is valued at $2,384,310. Empire District Electric Co makes up approx 0.03% of Nisa Investment Advisors’s portfolio. Eqis Capital Management sold out all of its stake in EDE during the most recent quarter. The investment firm sold 6,201 shares of EDE which is valued $209,718.

Empire District Electric Co opened for trading at $33.86 and hit $33.88 on the upside on Wednesday, eventually ending the session at $33.85, with a gain of 0.12% or 0.04 points. The heightened volatility saw the trading volume jump to 87,358 shares. Company has a market cap of $1,487 M.

Many Wall Street Analysts have commented on Empire District Electric Co. Empire District Electric Co was Downgraded by Ladenburg Thalmann to ” Neutral” on Apr 29, 2016.

The Empire District Electric Company is a regulated utility company. The Company is engaged in the generation purchase transmission distribution and sale of electricity. It provides its services with in Missouri Kansas Oklahoma and Arkansas. It operates its businesses in three segments: electric gas and other. The electric segment provides water service to around three towns in Missouri. The Company through its wholly owned subsidiary The Empire District Gas Company (EDG) is engaged in the distribution of natural gas in Missouri. Its other segment consists of fiber optics business. It supplies electric service at retail to around 119 incorporated communities and unincorporated areas and at wholesale to around four municipally owned distribution systems. It provides natural gas distribution to around 48 communities and 422 transportation customers. Its customers include residential commercial and industrial sectors.

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