Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Trading Down 4% - Here's What Happened

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) traded down 4% on Wednesday . The stock traded as low as $26.63 and last traded at $26.65. 24,634 shares changed hands during trading, a decline of 83% from the average session volume of 145,943 shares. The stock had previously closed at $27.76.

Analyst Upgrades and Downgrades

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 report on Friday, May 23rd.

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

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 4.42 and a beta of 1.44. 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 company's fifty day simple moving average is $30.65 and its two-hundred day simple moving average is $33.43.

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 net margin of 10.61% and a return on equity of 18.30%. The company had revenue of $605.33 million during the quarter. Equities research analysts predict that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings 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 during the period. Citadel Advisors LLC lifted 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 purchasing an additional 2,206 shares during the last quarter. Banco BTG Pactual S.A. lifted 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 purchasing an additional 3,200 shares during the last quarter. Advisors Preferred LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 1st quarter valued at about $103,000. Finally, Bank of America Corp DE lifted its position in 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 and hedge funds.

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.