Morgens Waterfall Vintiadis Co Inc Exits Position in El Paso Electric Company (EE)

El Paso Electric Company (EE) : Morgens Waterfall Vintiadis Co Inc has sold out all of its stake in El Paso Electric Company during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 7,500 shares of El Paso Electric Company which is valued at $319,275.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in EE in the latest quarter, The investment management firm added 39,397 additional shares and now holds a total of 149,361 shares of El Paso Electric Company which is valued at $6,358,298. El Paso Electric Company makes up approx 0.01% of Legal General Group Plc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EE by selling 9,284 shares or 53.49% in the most recent quarter. The Hedge Fund company now holds 8,072 shares of EE which is valued at $357,347. Washington Trust Bank added EE to its portfolio by purchasing 42 company shares during the most recent quarter which is valued at $1,859.

El Paso Electric Company closed down -1.03 points or -2.36% at $42.57 with 2,86,918 shares getting traded on Tuesday. Post opening the session at $43.46, the shares hit an intraday low of $42.49 and an intraday high of $43.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, El Paso Electric Company reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.44.During the same quarter in the previous year, the company posted $0.52 EPS.

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.

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