BNP Paribas Financial Markets Increases Stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

BNP Paribas Financial Markets boosted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,796 shares of the utilities provider’s stock after acquiring an additional 691 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $1,793,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EDN. SG Americas Securities LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $101,000. Jane Street Group LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $207,000. NewEdge Advisors LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $257,000. Jump Financial LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $275,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $637,000. 1.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Thursday.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 3.6%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock opened at $34.29 on Friday. The stock has a market capitalization of $1.55 billion, a PE ratio of 6.67 and a beta of 1.53. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12 month low of $13.78 and a 12 month high of $51.69. The business has a 50 day simple moving average of $31.24 and a 200-day simple moving average of $36.00. 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) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. The business had revenue of $605.33 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. On average, analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current fiscal year.

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.