Banco BTG Pactual S.A. Increases Stock Position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Banco BTG Pactual S.A. increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,200 shares of the utilities provider’s stock after buying an additional 3,200 shares during the period. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima comprises 1.0% of Banco BTG Pactual S.A.’s portfolio, making the stock its 26th largest holding. Banco BTG Pactual S.A.’s holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima were worth $4,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 677 shares in the last quarter. SG Americas Securities LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $101,000. JPMorgan Chase & Co. raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock worth $1,757,000 after purchasing an additional 2,610 shares during the period. Walleye Capital LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $237,000. Finally, Quadrature Capital Ltd bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth about $260,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

EDN stock opened at $34.41 on Wednesday. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a fifty-two week low of $13.78 and a fifty-two week high of $51.69. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.56 billion, a P/E ratio of 6.69 and a beta of 1.38. The company has a 50-day simple moving average of $35.94 and a 200 day simple moving average of $34.15.

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.