MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) $EDN

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) by 9.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 596,866 shares of the utilities provider's stock after purchasing an additional 52,478 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.32% of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) worth $18,228,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EDN. Jane Street Group LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the fourth quarter worth $207,000. BNP Paribas Financial Markets increased its position 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 worth $1,793,000 after purchasing an additional 691 shares during the last quarter. Bank of America Corp DE increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 135.4% in the fourth 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 during the last quarter. Citadel Advisors LLC increased its position 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 worth $2,282,000 after purchasing an additional 2,206 shares during the last quarter. Finally, Millennium Management LLC increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 177.7% in the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider's stock worth $4,403,000 after purchasing an additional 65,666 shares during the last quarter. Institutional investors own 1.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EDN shares. Wall Street Zen cut 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 restated 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 report on Wednesday, August 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $36.00.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Trading Down 5.9%

EDN stock traded down $1.06 during mid-day trading on Friday, reaching $16.97. 153,156 shares of the stock traded hands, compared to its average volume of 154,052. The stock has a market capitalization of $769.08 million, a PE 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 company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.99. The business has a 50-day moving average price of $24.86 and a two-hundred day moving average price of $29.13.

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 (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 expect 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

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.