Quaker Capital Investments Has Cut Holding in Verizon Communications (VZ) by $1.01 Million as Share Price Declined; Electron Capital Partners Stake in El Paso Elec Co (EE) Cut as Shares Rose

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Electron Capital Partners Llc decreased its stake in El Paso Elec Co (EE) by 11.46% based on its latest 2018Q4 regulatory filing with the SEC. Electron Capital Partners Llc sold 84,506 shares as the company’s stock rose 2.71% with the market. The hedge fund held 652,746 shares of the central company at the end of 2018Q4, valued at $32.72 million, down from 737,252 at the end of the previous reported quarter. Electron Capital Partners Llc who had been investing in El Paso Elec Co for a number of months, seems to be less bullish one the $2.35B market cap company. The stock decreased 0.74% or $0.43 during the last trading session, reaching $57.48. About 261,614 shares traded. El Paso Electric Company (NYSE:EE) has risen 18.74% since March 6, 2018 and is uptrending. It has outperformed by 14.37% the S&P500. Some Historical EE News: 24/04/2018 – El Paso Electric Short-Interest Ratio Rises 54% to 8 Days; 16/03/2018 – US Customs: Public Service Announcement Issued by El Paso Sector; 11/05/2018 – Moody’s Assigns Aa2 Und/Aaa Enh To El Paso Isd, Tx’s Goult; Outlook Stable; 17/05/2018 – EL PASO ELECTRIC CO EE.N : WILLIAMS CAPITAL GROUP RAISES TARGET PRICE TO $52 FROM $50; 17/04/2018 – Marcus® Hotels & Resorts Assumes Management of the DoubleTree by Hilton Hotel El Paso Downtown and Courtyard by Marriott El; 26/03/2018 – EL PASO ELECTRIC OUTLOOK TO NEGATIVE FROM STABLE BY MOODY’S; 30/05/2018 – EL PASO NATURAL GAS COMPANY SAYS RETURN TO SERVICE FOR LINE 2000 IS TENTATIVELY SET FOR GAS DAY JUNE 5; 03/05/2018 – EL PASO ELECTRIC CO SAYS REITERATING EARNINGS GUIDANCE FOR 2018 WITH A RANGE OF $2.30 TO $2.65 PER BASIC SHARE; 19/04/2018 – DJ El Paso Electric Company, Inst Holders, 1Q 2018 (EE); 03/05/2018 – EL PASO ELECTRIC QUARTERLY CONFERENCE CALL BEGINS

Quaker Capital Investments Llc decreased its stake in Verizon Communications Inc (VZ) by 76.77% based on its latest 2018Q4 regulatory filing with the SEC. Quaker Capital Investments Llc sold 18,000 shares as the company’s stock declined 6.36% while stock markets rallied. The institutional investor held 5,446 shares of the telecommunications equipment company at the end of 2018Q4, valued at $306,000, down from 23,446 at the end of the previous reported quarter. Quaker Capital Investments Llc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $230.07B market cap company. The stock decreased 0.71% or $0.4 during the last trading session, reaching $55.68. About 12.80M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 17.26% since March 6, 2018 and is uptrending. It has outperformed by 12.89% the S&P500. Some Historical VZ News: 24/04/2018 – VERIZON – EXPECTS SERVICE REVENUE GROWTH ON A GAAP REPORTED BASIS TO TURN POSITIVE BY END OF 2018; 28/03/2018 – Verizon partner program evolves to better serve organizations around the globe; 24/04/2018 – VERIZON 1Q ADJ EBITDA $11.78B, EST. $11.78B; 24/04/2018 – VERIZON – EXPECTED SAVINGS FROM TAX REFORM WILL GENERATE A NET $3.5 BLN TO $4 BLN UPLIFT TO CASH FLOW FROM OPERATIONS IN 2018; 20/04/2018 – Channel NewsAsia: DOJ said to investigate AT&T, Verizon over wireless collusion claim; 12/04/2018 – Verizon Virtual Network Services Bundles Make Move to Virtualization Fast, Easy and Cost Effective; 11/05/2018 – VERIZON TO BUY BACK $2.5B FLOATING RATE NOTES DUE FEB. 21, 2025; 24/04/2018 – Tech Today: Verizon Inflects, Alphabet Spends, Apple Sinks Chips — Barron’s Blog; 13/04/2018 – VERIZON’S OATH UNIT GAINED MOVIEPASS STAKE IN MOVIEFONE DEAL; 14/05/2018 – Verizon announces ThingSpace Ready, a program to help get cellular IoT solutions to market quickly, reliably and cost effective

More notable recent El Paso Electric Company (NYSE:EE) news were published by: Nasdaq.com which released: “Research Report Identifies Norfolk Southern, DENTSPLY SIRONA, Healthcare Realty Trust, PTC, Intellia Therapeutics, and El Paso Electric with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – Nasdaq” on February 06, 2019, also Fool.com with their article: “Why Logitech International, Shopify, and El Paso Electric Jumped Today – The Motley Fool” published on May 03, 2018, Fool.com published: “These 3 Reliable Utility Stocks Are Cheap Today – The Motley Fool” on November 04, 2018. More interesting news about El Paso Electric Company (NYSE:EE) were released by: Businesswire.com and their article: “El Paso Electric Announces Results of Competitive Bid for New Generation – Business Wire” published on December 26, 2018 as well as Businesswire.com‘s news article titled: “El Paso Electric Announces Fourth Quarter and Annual 2018 Financial Results – Business Wire” with publication date: February 27, 2019.

Electron Capital Partners Llc, which manages about $359.29M and $764.97M US Long portfolio, upped its stake in Waste Connections Inc by 51,557 shares to 307,168 shares, valued at $22.81M in 2018Q4, according to the filing. It also increased its holding in Enphase Energy Inc (NASDAQ:ENPH) by 2.93M shares in the quarter, for a total of 4.94M shares, and has risen its stake in Forterra Inc.

Investors sentiment increased to 1.28 in 2018 Q4. Its up 0.21, from 1.07 in 2018Q3. It improved, as 18 investors sold EE shares while 53 reduced holdings. 37 funds opened positions while 54 raised stakes. 38.61 million shares or 0.58% more from 38.38 million shares in 2018Q3 were reported. Rhumbline Advisers has invested 0.01% in El Paso Electric Company (NYSE:EE). Menta Cap Limited Liability stated it has 0.19% of its portfolio in El Paso Electric Company (NYSE:EE). Blackrock invested in 0.02% or 6.18M shares. New York State Common Retirement Fund has invested 0% in El Paso Electric Company (NYSE:EE). California Pub Employees Retirement Systems invested 0% of its portfolio in El Paso Electric Company (NYSE:EE). First Advsr Limited Partnership stated it has 493,635 shares. California State Teachers Retirement Sys holds 63,402 shares. Toronto Dominion Bancorp owns 23 shares or 0% of their US portfolio. Acadian Asset Mngmt Ltd owns 529 shares. Parkside Bankshares And holds 26 shares. Gamco Investors Et Al accumulated 1.41 million shares or 0.6% of the stock. Prelude reported 2,930 shares or 0.01% of all its holdings. Quantitative Systematic Strategies Limited Liability Corp holds 0.1% of its portfolio in El Paso Electric Company (NYSE:EE) for 9,309 shares. Strs Ohio holds 0% in El Paso Electric Company (NYSE:EE) or 1,800 shares. Eulav Asset Management holds 0.09% of its portfolio in El Paso Electric Company (NYSE:EE) for 37,800 shares.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 23. They expect $1.17 earnings per share, 0.00% or $0.00 from last year’s $1.17 per share. VZ’s profit will be $4.83B for 11.90 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

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