Raymond James Financial Inc. Purchases Shares of 20,694 Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Raymond James Financial Inc. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,694 shares of the utilities provider's stock, valued at approximately $888,000.

Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock worth $1,757,000 after buying an additional 2,610 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock worth $68,000 after buying an additional 677 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $101,000. Verde Servicos Internacionais S.A. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $920,000. Finally, ABS Direct Equity Fund LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $731,000. Institutional investors and hedge funds own 1.64% of the company's stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

NYSE EDN traded up $2.18 during trading hours on Friday, reaching $32.43. 143,027 shares of the company's stock were exchanged, compared to its average volume of 143,336. The stock has a market cap of $1.47 billion, a PE ratio of 6.31 and a beta of 1.53. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a one year low of $13.78 and a one year high of $51.69. The firm has a fifty day moving average of $31.12 and a 200-day moving average of $35.78. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. The business had revenue of $605.33 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. On average, equities research analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current fiscal year.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.