Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Stock Price Up 9.2% - What's Next?

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) shot up 9.2% during trading on Tuesday . The company traded as high as $27.36 and last traded at $27.32. 89,733 shares were traded during mid-day trading, a decline of 38% from the average session volume of 145,864 shares. The stock had previously closed at $25.01.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance

The company's fifty day moving average price is $30.82 and its 200 day moving average price is $33.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.71 and a current ratio of 0.85. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 4.60 and a beta of 1.44.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 earnings per share for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 18.30% and a net margin of 10.61%. The business had revenue of $605.33 million during the quarter. Equities research analysts expect that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current year.

Institutional Trading of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Several large investors have recently modified their holdings of EDN. BNP Paribas Financial Markets raised its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 1.7% in the 4th quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider's stock valued at $1,793,000 after buying an additional 691 shares in the last quarter. Citadel Advisors LLC increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 4.3% in the 4th quarter. Citadel Advisors LLC now owns 53,182 shares of the utilities provider's stock valued at $2,282,000 after acquiring an additional 2,206 shares in the last quarter. Banco BTG Pactual S.A. increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 3.8% in the 4th quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider's stock valued at $4,145,000 after acquiring an additional 3,200 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 1st quarter valued at about $103,000. Finally, Bank of America Corp DE boosted its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 135.4% in the 4th quarter. Bank of America Corp DE now owns 7,481 shares of the utilities provider's stock valued at $321,000 after purchasing an additional 4,303 shares during the last quarter. 1.64% of the stock is owned by institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) 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.