El Paso Electric Co /tx/ (EE): Charles Yamarone , director of El Paso Electric Co /tx/ sold 5,500 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $45.16 per share for a total value of $248,380.00 , the company said in a SEC Form 4 Filing.
Shares of El Paso Electric Company (EE) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.36 points or -0.78% at $45.54 with 1,27,152 shares getting traded. Post opening the session at $45.97, the shares hit an intraday low of $45.51 and an intraday high of $46.02 and the price vacillated in this range throughout the day. The company has a market cap of $1,844 M and the number of outstanding shares has been calculated to be 4,04,84,320 shares. The 52-week high of El Paso Electric Company is $46.79 and the 52-week low is $33.77.
Company has been under the radar of several Street Analysts.El Paso Electric Company is Upgraded by Jefferies to Hold. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Mar 24, 2016.
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.