Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) reached a new 52-week high 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.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd.
Check Out Our Latest Stock Analysis on EDN
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 0.2 %
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.46 earnings per share for the quarter, topping 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 business had revenue of $551.43 million during the quarter. During the same period in the prior year, the business earned ($0.48) earnings per share. As a group, sell-side analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -2.33 EPS for the current year.
Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
A number of large investors have recently bought and sold shares of EDN. Helikon Investments Ltd lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% in the second quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider’s stock worth $8,232,000 after buying an additional 157,042 shares during the last quarter. Ping Capital Management Inc. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter valued at about $941,000. Finally, BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 2,976 shares in the last quarter. 1.64% of the stock is currently owned by institutional investors.
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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