Two Sigma Investments LP Makes New Investment in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Two Sigma Investments LP acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,000 shares of the utilities provider's stock, valued at approximately $386,000.

A number of other institutional investors also recently made changes to their positions in EDN. BNP Paribas Financial Markets grew its holdings in shares of 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 period. Citadel Advisors LLC grew its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4.3% during the 4th 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 last quarter. SG Americas Securities LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at $101,000. Banco BTG Pactual S.A. boosted its stake 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 valued at $4,145,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Bank of America Corp DE grew its position 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 worth $321,000 after buying an additional 4,303 shares during the last quarter. 1.64% of the stock is owned by institutional investors and hedge funds.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

NYSE EDN traded down $2.20 during midday trading on Friday, hitting $29.12. The company had a trading volume of 177,459 shares, compared to its average volume of 144,417. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 5.67 and a beta of 1.54. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a fifty-two week low of $13.78 and a fifty-two week high of $51.69. The firm has a fifty day simple moving average of $32.13 and a two-hundred day simple moving average of $35.86. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.78 earnings per share 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 firm had revenue of $605.33 million during the quarter. Equities analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima 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.