Castleton Investment Management LLC maintained its stake in shares of El Paso Electric Company (NYSE:EE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,357 shares of the utilities provider’s stock at the end of the 2nd quarter. El Paso Electric comprises approximately 0.7% of Castleton Investment Management LLC’s portfolio, making the stock its 29th largest position. Castleton Investment Management LLC owned about 0.10% of El Paso Electric worth $2,086,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of El Paso Electric by 34,872.4% during the 1st quarter. BlackRock Inc. now owns 5,344,481 shares of the utilities provider’s stock worth $269,896,000 after purchasing an additional 5,329,199 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of El Paso Electric by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,883,762 shares of the utilities provider’s stock valued at $196,130,000 after buying an additional 170,235 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its position in El Paso Electric by 75.6% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 389,610 shares of the utilities provider’s stock worth $20,143,000 after acquiring an additional 167,682 shares during the last quarter. AHL Partners LLP boosted its position in El Paso Electric by 1,142.2% during the second quarter. AHL Partners LLP now owns 171,392 shares of the utilities provider’s stock worth $8,861,000 after acquiring an additional 157,594 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in El Paso Electric by 23.7% during the second quarter. Renaissance Technologies LLC now owns 709,337 shares of the utilities provider’s stock worth $36,673,000 after acquiring an additional 135,837 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Several research analysts have recently weighed in on EE shares. Mizuho reiterated a “hold” rating and set a $56.00 price objective on shares of El Paso Electric in a report on Wednesday. ValuEngine downgraded shares of El Paso Electric from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research lowered shares of El Paso Electric from a “hold” rating to a “strong sell” rating in a report on Friday, July 21st. BidaskClub upgraded shares of El Paso Electric from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $56.00 price objective (up from $55.00) on shares of El Paso Electric in a research note on Friday, August 11th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $55.25.

Shares of El Paso Electric Company (NYSE:EE) traded up 0.36% on Wednesday, hitting $56.35. The company’s stock had a trading volume of 53,377 shares. The stock’s 50 day moving average price is $55.08 and its 200 day moving average price is $52.74. The stock has a market capitalization of $2.29 billion, a P/E ratio of 20.36 and a beta of 0.47. El Paso Electric Company has a 52 week low of $42.49 and a 52 week high of $56.58.

El Paso Electric (NYSE:EE) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.14. El Paso Electric had a return on equity of 9.95% and a net margin of 11.45%. The firm had revenue of $251.84 million during the quarter. During the same period in the previous year, the company earned $0.55 EPS. On average, analysts forecast that El Paso Electric Company will post $2.58 earnings per share for the current fiscal year.

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About El Paso Electric

El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).

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

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