Millennium Management LLC Acquires 65,666 Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Millennium Management LLC increased its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) by 177.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,615 shares of the utilities provider's stock after buying an additional 65,666 shares during the quarter. Millennium Management LLC owned 0.23% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $4,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1.7% during the 4th 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. Citadel Advisors LLC increased its position in shares of 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 during the period. SG Americas Securities LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth $101,000. Banco BTG Pactual S.A. lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider's stock valued at $4,145,000 after buying an additional 3,200 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 135.4% in the fourth quarter. Bank of America Corp DE now owns 7,481 shares of the utilities provider's stock valued at $321,000 after buying an additional 4,303 shares during the period. Institutional investors own 1.64% of the company's stock.

Analyst Ratings Changes

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 0.4%

EDN stock traded up $0.13 during mid-day trading on Tuesday, reaching $32.44. The company's stock had a trading volume of 10,266 shares, compared to its average volume of 143,107. 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 current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The business's 50 day moving average price is $31.78 and its 200 day moving average price is $36.25. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 6.31 and a beta of 1.53.

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

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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.