Brevan Howard Capital Management LP Acquires New Stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Brevan Howard Capital Management LP 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 Form 13F filing with the SEC. The institutional investor purchased 146,534 shares of the utilities provider's stock, valued at approximately $6,272,000. Brevan Howard Capital Management LP owned 0.32% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in 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 valued at $68,000 after purchasing an additional 677 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth $101,000. Jane Street Group LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at $207,000. NewEdge Advisors LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $257,000. Finally, Jump Financial LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth about $275,000. Institutional investors and hedge funds own 1.64% of the company's stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 7.2 %

Shares of EDN stock traded up $2.18 during trading on Friday, reaching $32.43. The company's stock had a trading volume of 143,027 shares, compared to its average volume of 143,010. 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's 50-day moving average price is $31.12 and its 200 day moving average price is $35.62. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.31 and a beta of 1.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter. The business had revenue of $605.33 million during 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, research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current year.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima 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.