Cubist Systematic Strategies LLC raised its holdings in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) by 141.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,031 shares of the utilities provider's stock after purchasing an additional 22,848 shares during the period. Cubist Systematic Strategies LLC owned 0.09% of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) worth $1,192,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position 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 acquiring an additional 691 shares during the period. Citadel Advisors LLC increased its position in shares of 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 acquiring an additional 2,206 shares during the period. Advisors Preferred LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 1st quarter valued at $103,000. Bank of America Corp DE increased its position 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 period. Finally, Jane Street Group LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at $207,000. 1.64% of the stock is owned by institutional investors and hedge funds.
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Performance
NYSE:EDN traded down $1.06 during mid-day trading on Friday, hitting $16.97. The company's stock had a trading volume of 153,156 shares, compared to its average volume of 154,052. Empresa Distribuidora Y Comercializadora Norte S.A. has a 1 year low of $16.56 and a 1 year high of $51.69. 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 stock has a market cap of $769.08 million, a price-to-earnings ratio of 2.71 and a beta of 1.60. The business's fifty day moving average is $24.86 and its two-hundred day moving average is $29.13.
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The utilities provider reported $1.85 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 for the quarter. Analysts anticipate that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 EPS for the current fiscal year.
Analysts Set New Price Targets
EDN has been the topic of several research reports. Morgan Stanley reissued an "equal weight" rating and issued 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 downgraded 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.00.
View Our Latest Stock Analysis on Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile
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Free Report)
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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