Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.22 and traded as high as $18.58. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $17.51, with a volume of 60,443 shares traded.
Analyst Ratings Changes
Separately, StockNews.com lowered 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 Analysis on EDN
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 5.0 %
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last released its quarterly earnings results on Monday, March 11th. The utilities provider reported ($0.25) earnings per share for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 8.22% and a return on equity of 15.78%. The firm had revenue of $785.09 million for the quarter. On average, research 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. UBS Group AG bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter valued at approximately $26,000. Autonomy Capital Jersey L.P. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth $78,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 14.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,529 shares of the utilities provider’s stock worth $894,000 after acquiring an additional 9,263 shares in the last quarter. Helikon Investments Ltd boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% in the fourth quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock worth $5,798,000 after acquiring an additional 27,578 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 99.1% in the first quarter. Renaissance Technologies LLC now owns 107,655 shares of the utilities provider’s stock worth $868,000 after acquiring an additional 53,583 shares in the last quarter. 1.64% of the stock is currently owned by institutional investors.
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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