12,224 Shares in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) $EDN Purchased by Walleye Capital LLC

Key Points

• Walleye Capital LLC purchased 12,224 shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor), valued at approximately $373,000, during the first quarter of the year.
• Other institutional investors, such as GAMMA Investing LLC and Millennium Management LLC, significantly increased their stakes in the company, with GAMMA raising its position by 2,523.4%.
• Edenor stock recently traded down 2.7% to $20.90, with a market capitalization of $947.14 million and a P/E ratio of 3.34.

Walleye Capital LLC purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,224 shares of the utilities provider's stock, valued at approximately $373,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 2,523.4% during the 1st quarter. GAMMA Investing LLC now owns 41,870 shares of the utilities provider's stock worth $1,371,000 after buying an additional 40,274 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 4.3% in the fourth 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 in the last quarter. BNP Paribas Financial Markets grew its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 1.7% in the fourth quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider's stock valued at $1,793,000 after purchasing an additional 691 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the fourth quarter valued at approximately $519,000. Finally, Millennium Management LLC grew its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 177.7% in the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider's stock valued at $4,403,000 after purchasing an additional 65,666 shares in the last quarter. 1.64% of the stock is currently owned by hedge funds and other institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Trading Down 2.7%

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock opened at $20.90 on Wednesday. The business has a 50 day moving average price of $26.05 and a 200 day moving average price of $30.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.82. The company has a market capitalization of $947.14 million, a P/E ratio of 3.34 and a beta of 1.60. Empresa Distribuidora Y Comercializadora Norte S.A. has a 1 year low of $18.84 and a 1 year high of $51.69.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a net margin of 11.55% and a return on equity of 18.04%. The company had revenue of $543.69 million during the quarter. Sell-side analysts anticipate that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

EDN has been the subject of several analyst reports. Morgan Stanley reiterated an "equal weight" rating and issued a $36.00 price objective on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a research report on Wednesday, August 20th. Wall Street Zen cut Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $36.00.

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

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