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Gabelli Funds, Gamco increase stake in El Paso Electric to 7.7%
By Angela McDaniels
Tacoma, Wash., July 14 - El Paso Electric Co. investors led by Gabelli Funds, LLC and Gamco Asset Management Inc. reported beneficial ownership of 3,460,200 shares of the company's stock following a series of buy and sell transactions.
The transactions were made between June 5 and July 13 at prices from $13.73 to $14.44. In total, the investors purchased 146,600 shares and sold 1,000.
Gabelli Funds, Gamco and their affiliates beneficially own 7.7% of the El Paso-based utility company's common stock.
The investors reported beneficial ownership of a 6.69% stake on March 10.
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