Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sets New 1-Year High at $25.19

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) hit a new 52-week high during trading on Monday . The stock traded as high as $25.19 and last traded at $25.05, with a volume of 15200 shares. The stock had previously closed at $24.56.

Analyst Upgrades and Downgrades

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The stock has a fifty day simple moving average of $18.11 and a 200-day simple moving average of $17.54. The stock has a market cap of $1.12 billion, a P/E ratio of 3.90 and a beta of 1.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.63 and a current ratio of 0.76.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last released its earnings results on Wednesday, August 7th. The utilities provider reported $1.46 EPS for the quarter, beating the consensus estimate of ($0.05) by $1.51. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 31.06% and a net margin of 17.06%. The firm had revenue of $551.43 million for the quarter. During the same quarter in the previous year, the firm posted ($0.48) EPS. On average, equities analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -2.33 earnings per share 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. Helikon Investments Ltd grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% in the 2nd quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider’s stock valued at $8,232,000 after acquiring an additional 157,042 shares during the period. Ping Capital Management Inc. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at about $941,000. Finally, BNP Paribas Financial Markets lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 2,976 shares during the last quarter. 1.64% of the stock is currently owned by institutional investors and hedge funds.

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.