Insider Selling: Hector R. Puente Sells 1,950 Shares of El Paso Electric Company Stock (EE)
El Paso Electric Company (NYSE:EE) EVP Hector R. Puente sold 1,950 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $37.00, for a total transaction of $72,150.00. Following the transaction, the executive vice president now directly owns 19,838 shares of the company’s stock, valued at approximately $734,006. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of El Paso Electric Company (NYSE:EE) traded down 0.57% on Wednesday, hitting $36.54. The stock had a trading volume of 131,020 shares. El Paso Electric Company has a 1-year low of $32.26 and a 1-year high of $39.12. The stock’s 50-day moving average is $36.33 and its 200-day moving average is $35.48. The company has a market cap of $1.473 billion and a P/E ratio of 17.34.
El Paso Electric Company (NYSE:EE) last released its earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.11. The company had revenue of $116.00 million for the quarter, compared to the consensus estimate of $173.17 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts predict that El Paso Electric Company will post $2.33 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of El Paso Electric Company from $41.50 to $42.50 in a research note on Friday, May 9th. Finally, analysts at TheStreet upgraded shares of El Paso Electric Company from a “hold” rating to a “buy” rating in a research note on Friday, April 11th.
El Paso Electric Company is 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.
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