Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) was up 5.9% on Monday . The company traded as high as $19.78 and last traded at $19.78. Approximately 27,746 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 75,240 shares. The stock had previously closed at $18.68.
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 report on Monday, March 18th.
View Our Latest Stock Report on EDN
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 1.0 %
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last posted its quarterly earnings data on Monday, March 11th. The utilities provider reported ($0.25) EPS for the quarter. The company had revenue of $785.09 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 15.78% and a net margin of 8.22%. On average, analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current year.
Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Several institutional investors and hedge funds have recently added to or reduced their stakes in EDN. BNP Paribas Financial Markets raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock worth $56,000 after buying an additional 2,976 shares during the last quarter. Autonomy Capital Jersey L.P. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth approximately $78,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 valued at $894,000 after buying an additional 9,263 shares during the period. Citigroup Inc. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at about $1,179,000. Finally, Helikon Investments Ltd raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% in the third quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider’s stock worth $3,261,000 after acquiring an additional 155,145 shares during the period. Institutional investors own 1.64% of the company’s stock.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company 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.
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