Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Position Increased by Millennium Management LLC

Millennium Management LLC lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) by 177.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,615 shares of the utilities provider's stock after purchasing an additional 65,666 shares during the period. Millennium Management LLC owned approximately 0.23% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $4,403,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider's stock worth $23,360,000 after purchasing an additional 286,989 shares during the last quarter. Bosun Asset Management LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $1,359,000. Brevan Howard Capital Management LP acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth $6,272,000. Citadel Advisors LLC boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4.3% during the fourth quarter. Citadel Advisors LLC now owns 53,182 shares of the utilities provider's stock worth $2,282,000 after buying an additional 2,206 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 135.4% during the fourth quarter. Bank of America Corp DE now owns 7,481 shares of the utilities provider's stock worth $321,000 after buying an additional 4,303 shares in the last quarter. Institutional investors and hedge funds own 1.64% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 0.1%

NYSE EDN traded up $0.03 during trading hours on Tuesday, hitting $32.34. 45,368 shares of the company's stock were exchanged, compared to its average volume of 143,589. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $13.78 and a 12-month high of $51.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The business's 50 day moving average is $31.79 and its 200-day moving average is $36.22. The firm has a market capitalization of $1.47 billion, a P/E ratio of 6.29 and a beta of 1.53.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. The company had revenue of $605.33 million for the quarter. As a group, analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current fiscal year.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima 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.