BW Gestao de Investimentos Ltda. Makes New $562,000 Investment in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) $EDN

Key Points

• BW Gestao de Investimentos Ltda. acquired 18,400 shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) for approximately $562,000 during the first quarter, indicating growing interest from institutional investors.
• Analyst ratings for the company have shifted, with Morgan Stanley maintaining an "equal weight" rating and a price target of $36.00, while Wall Street Zen downgraded the stock from "buy" to "hold."
• Shares of Edenor recently traded at $20.90, down 2.7%, with a market capitalization of approximately $947.14 million and a P/E ratio of 3.34.

BW Gestao de Investimentos Ltda. bought a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,400 shares of the utilities provider's stock, valued at approximately $562,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EDN. Advisors Preferred LLC purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 1st quarter valued at approximately $103,000. Jane Street Group LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at about $207,000. Voloridge Investment Management LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at about $258,000. Bank of America Corp DE lifted its holdings 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 acquiring an additional 4,303 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 1st quarter worth approximately $373,000. Institutional investors own 1.64% of the company's stock.

Wall Street Analysts Forecast Growth

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

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Trading Up 0.5%

EDN traded up $0.12 during trading hours on Friday, reaching $21.81. 137,665 shares of the company's stock traded hands, compared to its average volume of 127,745. The firm has a 50-day moving average price of $25.72 and a 200 day moving average price of $29.74. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52-week low of $19.93 and a 52-week high of $51.69. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $988.20 million, a PE ratio of 3.48 and a beta of 1.60.

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

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.