El Paso Electric Company (EE) : Copper Rock Capital Partners reduced its stake in El Paso Electric Company by 0.59% during the most recent quarter end. The investment management company now holds a total of 777,688 shares of El Paso Electric Company which is valued at $35 Million after selling 4,624 shares in El Paso Electric Company according to a report filed by the company on Apr 5, 2016 with the SEC.El Paso Electric Company makes up approximately 3.07% of Copper Rock Capital Partners’s portfolio.
On the company’s financial health, El Paso Electric Company reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.00.During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on El Paso Electric Company. El Paso Electric Company was Upgraded by Jefferies to ” Hold” on Mar 24, 2016.
El Paso Electric Company opened for trading at $45.1 and hit $45.53 on the upside on Monday, eventually ending the session at $45.05, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 1,35,653 shares. Company has a market cap of $1,824 M.
El Paso Electric Company is engaged in the generation transmission and distribution of electricity in an area of approximately 10000 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 approximately 1879 Megawatts. The Company’s energy sources consist of approximately 47% nuclear fuel 35% natural gas 5% coal 13% purchased power and less than 1% generated by Company-owned solar photovoltaic panels and wind turbines. It has power purchase agreements for around 107 Megawatts from solar photovoltaic generation facilities. It serves residential commercial industrial public authority and wholesale customers. The Company distributes electricity to retail customers principally in El Paso Texas and Las Cruces New Mexico. In addition its wholesale sales include sales for resale to other electric utilities and power marketers.