Raymond James Financial Inc. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,694 shares of the utilities provider's stock, valued at approximately $888,000.
A number of other institutional investors have also modified their holdings of EDN. SG Americas Securities LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $101,000. Verde Servicos Internacionais S.A. purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $920,000. GAMMA Investing LLC lifted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 677 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock worth $1,757,000 after purchasing an additional 2,610 shares during the period. Finally, ABS Direct Equity Fund LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $731,000. Hedge funds and other institutional investors own 1.64% of the company's stock.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 7.2 %
Shares of EDN traded up $2.18 during midday trading on Friday, reaching $32.43. 143,027 shares of the company were exchanged, compared to its average volume of 142,856. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1-year low of $13.78 and a 1-year high of $51.69. The stock has a 50-day moving average price of $31.12 and a 200-day moving average price of $35.62. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 6.31 and a beta of 1.53.
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. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. Research analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current year.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Profile
(
Free Report)
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.
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