Banco BTG Pactual S.A. Sells 59,306 Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) $EDN

Key Points

• Banco BTG Pactual S.A. sold 59,306 shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor), reducing its stake by 67.2%, and now holds approximately 28,894 shares valued at $882,000.
• Several institutional investors, including Advisors Preferred LLC and Voloridge Investment Management LLC, have recently initiated new positions in Edenor, reflecting growing interest from the investment community.
• On August 11th, Edenor reported a quarterly earnings per share of $1.85 and has seen its stock price drop 7.2%, with a current trading price of $26.00.

Banco BTG Pactual S.A. trimmed its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) by 67.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,894 shares of the utilities provider's stock after selling 59,306 shares during the quarter. Banco BTG Pactual S.A. owned approximately 0.06% of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EDN. Advisors Preferred LLC purchased a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at approximately $103,000. Jane Street Group LLC purchased a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter valued at approximately $207,000. NewEdge Advisors LLC purchased a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter valued at approximately $257,000. Voloridge Investment Management LLC purchased a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter valued at approximately $258,000. Finally, Jump Financial LLC purchased a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter valued at approximately $275,000. 1.64% of the stock is currently owned by institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Trading Down 7.2%

NYSE EDN opened at $26.00 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. Empresa Distribuidora Y Comercializadora Norte S.A. has a twelve month low of $17.36 and a twelve month high of $51.69. The firm has a market capitalization of $1.18 billion, a PE ratio of 4.15 and a beta of 1.49. The stock's 50 day moving average is $27.35 and its 200 day moving average is $31.27.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last released its quarterly 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 company had revenue of $543.69 million for the quarter. Research analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, 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.

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.

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