Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) traded down 6.9% during mid-day trading on Monday . The stock traded as low as $14.82 and last traded at $15.26. 49,393 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 81,258 shares. The stock had previously closed at $16.39.
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 note on Wednesday, May 22nd.
View Our Latest Stock Analysis on EDN
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last posted its quarterly earnings results on Friday, May 10th. The utilities provider reported $1.39 earnings per share (EPS) for the quarter. The business had revenue of $331.11 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 25.90% and a net margin of 14.11%. Equities research analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current fiscal year.
Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Several hedge funds have recently made changes to their positions in EDN. BNP Paribas Financial Markets grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 2,976 shares during the period. Autonomy Capital Jersey L.P. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at about $78,000. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 valued at $2,093,000 after buying an additional 33,510 shares during the last quarter. Finally, Helikon Investments Ltd boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% during 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 during the period. Hedge funds and other institutional investors own 1.64% of the company’s stock.
About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
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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