Cubist Systematic Strategies LLC raised its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) by 141.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,031 shares of the utilities provider's stock after purchasing an additional 22,848 shares during the quarter. 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 also recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 1st quarter valued at $103,000. Jane Street Group LLC acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter valued at $207,000. Voloridge Investment Management LLC acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter valued at $258,000. Bank of America Corp DE raised its stake in 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 valued at $321,000 after purchasing an additional 4,303 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter valued at $386,000. 1.64% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on EDN shares. Wall Street Zen downgraded shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $36.00 price target on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.00.
View Our Latest Analysis on Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Down 5.9%
NYSE:EDN traded down $1.06 during trading hours on Friday, reaching $16.97. The company's stock had a trading volume of 153,156 shares, compared to its average volume of 154,052. The company has a market cap of $769.08 million, a price-to-earnings ratio of 2.71 and a beta of 1.60. Empresa Distribuidora Y Comercializadora Norte S.A. has a one year low of $16.56 and a one year high of $51.69. The business's 50-day moving average is $24.86 and its 200-day moving average is $29.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.82.
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter. The firm had revenue of $543.69 million during 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%. Equities research analysts predict that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 EPS for the current year.
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile
(
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.
Featured Stories
Before you consider Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) wasn't on the list.
While Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
