Fuller & Thaler Asset Management Inc. Has $120.61 Million Position in El Paso Electric (EE)

Fuller & Thaler Asset Management Inc. lessened its position in shares of El Paso Electric (NYSE:EE) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,040,761 shares of the utilities provider’s stock after selling 32,919 shares during the period. El Paso Electric makes up about 1.3% of Fuller & Thaler Asset Management Inc.’s holdings, making the stock its 14th biggest position. Fuller & Thaler Asset Management Inc. owned 5.02% of El Paso Electric worth $120,609,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of El Paso Electric by 1.3% in the 1st quarter. BlackRock Inc. now owns 5,499,054 shares of the utilities provider’s stock worth $280,452,000 after buying an additional 72,205 shares during the last quarter. Millennium Management LLC increased its holdings in shares of El Paso Electric by 45.8% in the 1st quarter. Millennium Management LLC now owns 1,016,531 shares of the utilities provider’s stock worth $51,843,000 after buying an additional 319,407 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of El Paso Electric by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 996,952 shares of the utilities provider’s stock worth $50,845,000 after buying an additional 7,435 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of El Paso Electric by 11.8% in the 1st quarter. Nuveen Asset Management LLC now owns 477,659 shares of the utilities provider’s stock worth $24,361,000 after buying an additional 50,559 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its holdings in shares of El Paso Electric by 1.8% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 439,626 shares of the utilities provider’s stock worth $25,982,000 after buying an additional 7,951 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on EE. Mizuho reissued a “hold” rating and issued a $58.00 price target on shares of El Paso Electric in a report on Friday, July 20th. Zacks Investment Research lowered shares of El Paso Electric from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Williams Capital lowered shares of El Paso Electric from a “hold” rating to a “sell” rating and decreased their price target for the stock from $52.00 to $49.00 in a report on Monday, June 11th. Bank of America reissued a “neutral” rating and issued a $51.00 price target on shares of El Paso Electric in a report on Friday, May 4th. Finally, ValuEngine raised shares of El Paso Electric from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.20.

Shares of El Paso Electric stock opened at $62.60 on Thursday. El Paso Electric has a 52-week low of $48.05 and a 52-week high of $64.35. The firm has a market capitalization of $2.58 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 5.58 and a beta of 0.40. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.61.

El Paso Electric (NYSE:EE) last announced its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.12). El Paso Electric had a net margin of 10.21% and a return on equity of 8.12%. The business had revenue of $236.80 million during the quarter. During the same period last year, the business earned $0.89 earnings per share. equities research analysts forecast that El Paso Electric will post 2.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.30%. El Paso Electric’s dividend payout ratio (DPR) is 59.50%.

El Paso Electric Company Profile

El Paso Electric Company, a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. It generates electricity through nuclear fuel, natural gas, and coal, as well as solar photovoltaic panels and wind turbines with a generating capability of approximately 2,082 megawatts.

Further Reading: Book Value Per Share – BVPS

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

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