Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Expected to Post Earnings on Monday

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) is expected to release its results before the market opens on Monday, August 10th. Analysts expect the company to announce earnings of ($0.1727) per share and revenue of $217.7940 million for the quarter.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock opened at $26.50 on Monday. The firm has a fifty day moving average price of $25.99 and a two-hundred day moving average price of $26.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.19 and a quick ratio of 1.00. The company has a market cap of $1.20 billion, a PE ratio of 4.91 and a beta of 1.46. Empresa Distribuidora Y Comercializadora Norte S.A. has a fifty-two week low of $14.38 and a fifty-two week high of $36.70.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Jump Financial LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 2nd quarter valued at about $320,000. Jane Street Group LLC bought a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth approximately $468,000. BNP Paribas Financial Markets raised its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 634.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 277,104 shares of the utilities provider’s stock worth $7,340,000 after purchasing an additional 239,379 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 51.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 80,414 shares of the utilities provider’s stock worth $2,409,000 after buying an additional 27,486 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 28.9% during the second quarter. Tidal Investments LLC now owns 18,496 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 4,152 shares in the last quarter. Institutional investors own 1.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EDN. Weiss Ratings reissued a “hold (c-)” rating on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a report on Wednesday, June 24th. Zacks Research raised shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) to a “hold” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) presently has an average rating of “Hold” and an average price target of $36.00.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte SA (Edenor) is Argentina’s largest electricity distribution company by customer base and network extension. Established in 1992 as part of the country’s energy sector privatization, Edenor holds the exclusive concession to distribute and sell electricity in the northern and northwestern areas of Greater Buenos Aires. The company’s shares are listed on the New York Stock Exchange under the ticker symbol EDN, reflecting its role as a key participant in Argentina’s regulated power market.

Edenor’s primary business activity is the purchase of high-voltage electricity from generators and its subsequent transformation, distribution and retail sale to end users.