Economy

El Paso Electric Company (EE) Hits New 52-Week High

El Paso Electric Company (EE) Hits New 52-Week High”

127,988 shares of the company's stock traded hands.

Tower Bridge Advisors, which manages about $1.11 billion and $824.94 million US Long portfolio, decreased its stake in Raytheon Co New (NYSE:RTN) by 2,700 shares to 3,349 shares, valued at $475,000 in 2016Q4, according to the filing. The stock decreased 0.83% or $0.2 on September 8, reaching $23.82. Portland General Electric Company (NYSE:POR) has risen 12.10% since September 10, 2016 and is uptrending. It has underperformed by 21.16% the S&P500.

Analysts expect Acuity Brands, Inc. This represents a $0.96 annualized dividend and a yield of 4.03%. AYI's profit would be $96.86M giving it 19.54 P/E if the $2.30 EPS is correct. The stock increased 0.31% or $0.55 on September 8, reaching $179.75. The shares were bought at an average cost of $25.54 per share, with a total value of $47,121.30. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since September 10, 2016 and is downtrending.

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.38, from 1.18 in 2016Q3. 63 funds opened positions while 140 raised stakes. Rockland Trust has invested 1.04% of its portfolio in General Electric Company (NYSE:GE). The company had a trading volume of 44,604,454 shares. Raymond James & Assoc reported 0.51% in General Electric Company (NYSE:GE). Systematic Mngmt Ltd Partnership holds 0.03% in Portland General Electric Company (NYSE:POR) or 39,440 shares.

Investors are more bearish of late as inferred by the uptick in short interest. Inv House Ltd Liability Corporation reported 103,457 shares. Finally, Meridian Investment Counsel Inc. raised its stake in shares of General Electric by 0.3% in the 1st quarter. The Connecticut-based Conning has invested 1.23% in General Electric Company (NYSE:GE). Feltz Wealth PLAN Inc. purchased a new position in shares of General Electric during the 1st quarter worth about $114,000. Pro Incorporated invested in 0.12% or 7,301 shares. Clinton Incorporated holds 122,927 shares. Hoertkorn Richard Charles accumulated 294,877 shares.

Since May 15, 2017, it had 3 buys, and 0 selling transactions for $3.37 million activity.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Therefore 48% are positive. General Electric Company has a 12 month low of $23.58 and a 12 month high of $32.38. The stock's average target of $26.33 is 18.71% above today's ($22.18) share price. The firm earned "Equal-Weight" rating on Monday, July 17 by Morgan Stanley. Goldman Sachs downgraded Portland General Electric Company (NYSE:POR) rating on Monday, June 6. Argus Research has "Buy" rating and $36.0 target. Stifel Nicolaus maintained the shares of GE in report on Friday, July 7 with "Buy" rating. The firm has "Sell" rating by Zacks given on Wednesday, August 5.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: "General Electric - Bottom is near, are you buying?" on September 09, 2017, also Fool.com with their article: "What Siemens Earnings Mean to General Electric Company Investors" published on August 28, 2017, Seekingalpha.com published: "General Electric Is A Mess" on August 31, 2017. On Monday, August 7 the stock rating was maintained by Cowen & Co with "Hold". First Midwest Bank Trust Division now owns 7,121 shares of the utilities provider's stock valued at $325,000 after purchasing an additional 168 shares during the last quarter. The firm owned 379,342 shares of the conglomerate's stock after purchasing an additional 97,835 shares during the period. It also reduced its holding in J P Morgan Chase & Co (NYSE:JPM) by 9,983 shares in the quarter, leaving it with 77,729 shares, and cut its stake in 3M Co. Pricelinegrp Inc (NASDAQ:PCLN) was raised too.

Acuity Brands, Inc.is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other global markets. The stock has a market cap of $206.23 billion, a PE ratio of 29.01 and a beta of 1.22. The Firm operates through North American segment.

Among 16 analysts covering Prosperity Bancshares (NYSE:PB), 3 have Buy rating, 4 Sell and 9 Hold. Therefore 61% are positive. Packaging Corporation of America had 42 analyst reports since July 23, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, September 16 by Credit Suisse. Bernstein downgraded it to "Market Perform" rating and $34 target in Monday, April 4 report. Jefferies maintained Abbott Laboratories (NYSE:ABT) rating on Tuesday, March 15. The stock of Prosperity Bancshares, Inc. (NYSE:AYI) has "Neutral" rating given on Tuesday, April 11 by Guggenheim. Williams Capital Group downgraded the stock to "Sell" rating in Monday, July 24 report. The stock has "Underperform" rating by Wedbush on Thursday, November 17. The rating was maintained by Deutsche Bank with "Buy" on Friday, July 21. On Friday, September 1 the stock rating was maintained by Cowen & Co with "Buy". William Blair upgraded the stock to "Outperform" rating in Tuesday, October 13 report.

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