Citadel Advisors LLC Buys 2,206 Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Citadel Advisors LLC lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,182 shares of the utilities provider’s stock after acquiring an additional 2,206 shares during the period. Citadel Advisors LLC owned 0.12% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $2,282,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EDN. SG Americas Securities LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $101,000. BNP Paribas Financial Markets grew its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1.7% in the 4th quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider’s stock valued at $1,793,000 after buying an additional 691 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $920,000. JPMorgan Chase & Co. grew its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock valued at $1,757,000 after buying an additional 2,610 shares during the last quarter. Finally, ABS Direct Equity Fund LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $731,000. 1.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Friday.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

EDN opened at $35.88 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 6.98 and a beta of 1.53. The stock’s 50 day moving average price is $31.51 and its two-hundred day moving average price is $36.11. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $13.78 and a 12-month high of $51.69.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 earnings per share for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. The company had revenue of $605.33 million for the quarter. On average, equities analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current year.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima 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.