MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 596,866 shares of the utilities provider's stock after buying an additional 52,478 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.32% of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) worth $18,228,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 2,523.4% during the first quarter. GAMMA Investing LLC now owns 41,870 shares of the utilities provider's stock worth $1,371,000 after purchasing an additional 40,274 shares in the last quarter. Citadel Advisors LLC increased its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 4.3% in the fourth quarter. Citadel Advisors LLC now owns 53,182 shares of the utilities provider's stock valued at $2,282,000 after purchasing an additional 2,206 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 1.7% in the fourth quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider's stock valued at $1,793,000 after purchasing an additional 691 shares during the last quarter. Walleye Capital LLC purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the first quarter valued at approximately $373,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 141.2% during the first quarter. Cubist Systematic Strategies LLC now owns 39,031 shares of the utilities provider's stock worth $1,192,000 after acquiring an additional 22,848 shares during the last quarter. Institutional investors and hedge funds own 1.64% of the company's stock.
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock traded down $1.06 during midday trading on Friday, reaching $16.97. 153,156 shares of the company were exchanged, compared to its average volume of 154,052. The company has a market capitalization of $769.08 million, a price-to-earnings ratio of 2.71 and a beta of 1.60. The firm's 50-day simple moving average is $24.86 and its 200-day simple moving average is $29.08. 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 quick ratio of 0.82 and a current ratio of 0.99.
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. The company had revenue of $543.69 million during 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%. On average, analysts anticipate that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on EDN shares. 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. 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 report on Wednesday, August 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) currently has an average rating of "Hold" and an average target price of $36.00.
Read Our Latest Research Report on Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) 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.
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