Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) dropped 3.2% during trading on Tuesday . The stock traded as low as $16.73 and last traded at $16.85. Approximately 33,525 shares were traded during trading, a decline of 57% from the average daily volume of 77,226 shares. The stock had previously closed at $17.40.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Monday, March 18th.
View Our Latest Stock Analysis on EDN
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 0.2 %
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The utilities provider reported ($0.25) EPS for the quarter. The firm had revenue of $785.09 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 8.22% and a return on equity of 15.78%. As a group, sell-side analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.
Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Several hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 14.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,529 shares of the utilities provider’s stock worth $894,000 after buying an additional 9,263 shares in the last quarter. Helikon Investments Ltd lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% in the 3rd quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider’s stock worth $3,261,000 after buying an additional 155,145 shares in the last quarter. Citigroup Inc. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $1,179,000. Finally, Autonomy Capital Jersey L.P. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.
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.
See Also
- Five stocks we like better than Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
- How to Invest in Small Cap Stocks
- Hasbro’s Management Made All the Right Calls This Quarter
- What is the Dogs of the Dow Strategy? Overview and Examples
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Earnings Per Share Calculator: How to Calculate EPS
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima and related companies with MarketBeat.com's FREE daily email newsletter.