MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 286,989 Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) by 111.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 544,388 shares of the utilities provider's stock after acquiring an additional 286,989 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.20% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $23,360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $101,000. Jane Street Group LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $207,000. NewEdge Advisors LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $257,000. Jump Financial LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $275,000. Finally, Bank of America Corp DE lifted its holdings in shares of 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 purchasing an additional 4,303 shares during the period. Institutional investors own 1.64% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 4.8%

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock traded up $1.71 during midday trading on Tuesday, reaching $37.67. The company had a trading volume of 51,441 shares, compared to its average volume of 180,454. The stock has a fifty day moving average price of $31.29 and a 200 day moving average price of $36.08. 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 market cap of $1.71 billion, a PE ratio of 7.33 and a beta of 1.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

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 (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 firm had revenue of $605.33 million during the quarter. On average, equities analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share 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.