Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

El Paso Electric Co (EE): Billionaire Mario Gabelli’s GAMCO Investors Reports 8.94% Stake

Page 1 of 16

A new 13D filing showed that Billionaire Mario Gabelli’s GAMCO Investors and its affiliates own a total of 3,62 million shares of El Paso Electric Company (NYSE:EE), which account for 8.94% of the total amount of shares. Out of the aggregate amount, GAMCO Investors solely owns 1.72 million shares of El Paso Electric Company, which represent 4.26% of the company’s outstanding stock. There has been a slight decrease in the number of shares owned by GAMCO, as its last 13F filing (for the end of 2015) reported holding 1.76 million shares.

Follow El Paso Electric Co (NYSE:EE)
Trade (NYSE:EE) Now!

El Paso Electric Company offers a variety of electric-related services such as generation and distribution of electricity in the southern New Mexico and over the west Texas. The company’s shares have increased by 22.3% over the last 12 months. For the first quarter, El Paso Electric Company reported a net loss per share of $0.14, compared to a profit of $0.09 posted a year earlier, while the revenue slid to $113.80 million from $163.75 million. Analysts were expecting a loss of $0.07 per share on revenue of $114.80 million.

Insider Monkey’s database has shown an increase of interest towards El Paso Electric Company (NYSE:EE) from a number of hedge funds recently, as 11 investors were bullish on this stock at the end of 2015, versus 9 funds a quarter earlier. Mario Gabelli’s GAMCO Investors disclosed the biggest position worth around $67.6 million, followed by Israel Englander’s Millennium Management, which reported a position valued at $32.6 million. Other investors that were similarly bullish on El Paso Electric Company (NYSE:EE) encompass  D. E. Shaw’s D E Shaw, Jim Simons’s Renaissance Technologies, Ken Griffin’s Citadel Investment Group, Paul Tudor Jones’ Tudor Investment Corp, Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital,  David Costen Haley’s HBK Investments, Matthew Tewksbury’s Stevens Capital Management, and Thomas Bailard’s Bailard Inc.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gabelli Funds 1,888,000 1,888,000 1,888,000 4.66%
GAMCO Asset Management Inc. I.D. No. 13-40445 1,551,321 1,723,821 1,723,821 4.26%
MJG-IV Limited Partnership I.D. No. 13-31918 3,000 3,000 3,000 0.01%
GGCP, Inc. I.D. No. 13-3056041 0.00%
GAMCO Investors, Inc. I.D. No. 13-400786 0.00%
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) 0.00%
Mario J. Gabelli 6,000 6,000 6,000 0.01%

Mario Gabelli
Mario Gabelli
GAMCO Investors

Page 1 of 16 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 6)
El Paso Electric Company
(Name of Issuer)
Common Stock
(Title of Class of Securities)
                                                                                                      ________283677854_________
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________ May 3, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

Follow El Paso Electric Co (NYSE:EE)
Trade (NYSE:EE) Now!
Page 1 of 16

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!