Insider Selling: Charles Yamarone Unloads 5,000 Shares of El Paso Electric Company Stock (EE)
El Paso Electric Company (NYSE:EE) Director Charles Yamarone sold 5,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $36.62, for a total value of $183,100.00. Following the transaction, the director now directly owns 8,500 shares of the company’s stock, valued at approximately $311,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
El Paso Electric Company (NYSE:EE) traded down 0.03% on Wednesday, hitting $36.59. The stock had a trading volume of 135,643 shares. El Paso Electric Company has a 52 week low of $32.26 and a 52 week high of $40.43. The stock’s 50-day moving average is $38.40 and its 200-day moving average is $36.80. The company has a market cap of $1.476 billion and a price-to-earnings ratio of 17.10.
El Paso Electric Company (NYSE:EE) last released its earnings data on Wednesday, August 6th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.03. The company had revenue of $255.21 million for the quarter, compared to the consensus estimate of $244.80 million. During the same quarter last year, the company posted $0.73 earnings per share. Analysts expect that El Paso Electric Company will post $2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 11th.
A number of research firms have recently commented on EE. Analysts at Jefferies Group cut their price target on shares of El Paso Electric Company from $39.00 to $37.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock.
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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