Tidal Investments LLC Takes $519,000 Position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Tidal Investments LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,095 shares of the utilities provider's stock, valued at approximately $519,000.

A number of other hedge funds have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the 4th 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 period. Brevan Howard Capital Management LP acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $6,272,000. William Blair Investment Management LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $5,012,000. Millennium Management LLC lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% during the 4th quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider's stock worth $4,403,000 after buying an additional 65,666 shares in the last quarter. Finally, Banco BTG Pactual S.A. lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% during the 4th quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider's stock worth $4,145,000 after buying an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 1.64% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of 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 Stock Down 1.6%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock traded down $0.52 during mid-day trading on Monday, reaching $32.52. 68,389 shares of the company's stock were exchanged, compared to its average volume of 143,633. The company has a market cap of $1.47 billion, a P/E ratio of 6.33 and a beta of 1.53. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a twelve month low of $13.78 and a twelve month high of $51.69. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $31.78 and a 200-day moving average of $36.25.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its earnings results on Friday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter. The company had revenue of $605.33 million 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%. Sell-side analysts expect 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.