GAMMA Investing LLC Has $1.37 Million Stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN)

GAMMA Investing LLC increased its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Free Report) by 2,523.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,870 shares of the utilities provider's stock after acquiring an additional 40,274 shares during the quarter. GAMMA Investing LLC owned 0.09% of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) worth $1,371,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EDN. Voloridge Investment Management LLC acquired a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at approximately $258,000. Two Sigma Investments LP acquired a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at approximately $386,000. Tidal Investments LLC acquired a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at approximately $519,000. Millennium Management LLC increased its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 177.7% in the 4th quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider's stock valued at $4,403,000 after buying an additional 65,666 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 111.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider's stock valued at $23,360,000 after buying an additional 286,989 shares during the period. Institutional investors and hedge funds own 1.64% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Up 0.2%

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock traded up $0.05 during trading hours on Wednesday, hitting $28.71. The company had a trading volume of 68,782 shares, compared to its average volume of 144,414. The firm has a market capitalization of $1.30 billion, a P/E ratio of 5.10 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.85 and a quick ratio of 0.71. The firm's fifty day moving average is $32.27 and its 200-day moving average is $35.67. Empresa Distribuidora Y Comercializadora Norte S.A. has a fifty-two week low of $13.78 and a fifty-two week high of $51.69.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 earnings per share for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a net margin of 10.61% and a return on equity of 18.30%. The firm had revenue of $605.33 million for the quarter. On average, research analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current year.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) 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.