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El Paso Electric Company (EE) CEO David W Stevens buys 5,000 Shares

Dec 16, 2011 | About:
insider
insider
CEO of El Paso Electric Company (EE) David W Stevens buys 5,000 shares of EE on 12/16/2011 at an average price of $32.87 a share.

El Paso Electric Co. has a market cap of $1.34 billion; its shares were traded at around $32.86 with a P/E ratio of 13.1 and P/S ratio of 2.3. The dividend yield of El Paso Electric Co. stocks is 2.7%. El Paso Electric Co. had an annual average earning growth of 2.1% over the past 10 years.


This is the insider trade history vs. stock price of EE. For the complete insider trading history of EE, click here.




Directors and Officers Recent Trades:


  • Director James W Harris sold 3,500 shares of EE stock on 12/05/2011 at the average price of 33.65. James W Harris owns at least 42,632 shares after this. The price of the stock has decreased by 2.35% since.
  • Director Eric B Siegel sold 2,456 shares of EE stock on 08/31/2011 at the average price of 34.95. Eric B Siegel owns at least 47,949 shares after this. The price of the stock has decreased by 5.98% since.
  • Director Kenneth Heitz sold 15,314 shares of EE stock on 08/17/2011 at the average price of 35.21. Kenneth Heitz owns at least 20,657 shares after this. The price of the stock has decreased by 6.67% since.
  • VP-TREASURER Steven P Busser sold 15,000 shares of EE stock on 08/15/2011 at the average price of 34.25. Steven P Busser owns at least 13,446 shares after this. The price of the stock has decreased by 4.06% since.


For the complete insider trading history of EE, click here.

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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