BW Gestao de Investimentos Ltda. Takes $562,000 Position 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. purchased a new stake 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 Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,400 shares of the utilities provider's stock, valued at approximately $562,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at $888,000. Jane Street Group LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth approximately $207,000. BNP Paribas Financial Markets grew its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 1.7% during the 4th quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider's stock worth $1,793,000 after purchasing an additional 691 shares in the last quarter. Bank of America Corp DE grew its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 135.4% during the 4th quarter. Bank of America Corp DE now owns 7,481 shares of the utilities provider's stock worth $321,000 after purchasing an additional 4,303 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 4.3% during the 4th quarter. Citadel Advisors LLC now owns 53,182 shares of the utilities provider's stock worth $2,282,000 after purchasing an additional 2,206 shares in the last quarter. Institutional investors and hedge funds own 1.64% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EDN shares. Morgan Stanley restated an "equal weight" rating and set a $36.00 target price on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $36.00.

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

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock traded down $3.94 during mid-day trading on Monday, reaching $17.91. The company had a trading volume of 236,911 shares, compared to its average volume of 150,808. Empresa Distribuidora Y Comercializadora Norte S.A. has a fifty-two week low of $17.29 and a fifty-two week high of $51.69. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market cap of $811.55 million, a P/E ratio of 2.81 and a beta of 1.61. The business has a fifty day simple moving average of $25.72 and a 200 day simple moving average of $29.68.

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 net margin of 11.55% and a return on equity of 18.04%. The firm had revenue of $543.69 million for the quarter. On average, equities research analysts predict that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current 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.