Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report)’s share price was down 3.2% during trading on Tuesday . The company traded as low as $16.73 and last traded at $16.85. Approximately 33,525 shares were traded during trading, a decline of 57% from the average daily volume of 77,226 shares. The stock had previously closed at $17.40.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Monday, March 18th.
Read Our Latest Research Report on Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The utilities provider reported ($0.25) EPS for the quarter. The firm had revenue of $785.09 million 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%. Equities research analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.
Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Institutional investors have recently added to or reduced their stakes in the company. Autonomy Capital Jersey L.P. purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $78,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 14.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,529 shares of the utilities provider’s stock worth $894,000 after purchasing an additional 9,263 shares during the period. Citigroup Inc. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $1,179,000. Finally, Helikon Investments Ltd lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% during the 3rd quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider’s stock worth $3,261,000 after acquiring an additional 155,145 shares during the last quarter. Hedge funds and other institutional investors own 1.64% of the company’s stock.
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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