Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Up 3.8%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Free Report)’s share price traded up 3.8% on Friday . The stock traded as high as $16.64 and last traded at $16.38. 30,327 shares traded hands during trading, a decline of 64% from the average session volume of 84,226 shares. The stock had previously closed at $15.78.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd.

Read Our Latest Stock Analysis on EDN

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 3.6 %

The company has a current ratio of 0.79, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $17.82 and its 200 day moving average price is $17.96. The stock has a market cap of $740.98 million, a P/E ratio of 2.58 and a beta of 1.51.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Free Report) last announced its quarterly earnings data on Friday, May 10th. The utilities provider reported $1.39 earnings per share for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 14.11% and a return on equity of 25.90%. The business had revenue of $331.11 million for the quarter. Equities research analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock worth $56,000 after acquiring 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 during the 3rd quarter valued at about $78,000. Citigroup Inc. purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth about $1,179,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock worth $2,093,000 after buying an additional 33,510 shares in the last quarter. Finally, Helikon Investments Ltd lifted its stake in shares of 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 buying an additional 27,578 shares in the last quarter. Institutional investors own 1.64% of the company’s stock.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

(Get Free Report)

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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