Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report)’s share price dropped 6.9% on Monday . The stock traded as low as $14.82 and last traded at $15.26. Approximately 49,393 shares were traded during trading, a decline of 39% from the average daily volume of 81,258 shares. The stock had previously closed at $16.39.
Wall Street Analyst Weigh In
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.
Get Our Latest Stock Analysis on Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 7.9 %
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last announced its quarterly earnings results on Friday, May 10th. The utilities provider reported $1.39 earnings per share (EPS) for the quarter. The firm had revenue of $331.11 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 14.11% and a return on equity of 25.90%. On average, sell-side analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current fiscal year.
Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Several hedge funds have recently modified their holdings of the stock. Autonomy Capital Jersey L.P. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at about $78,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock valued at $2,093,000 after purchasing an additional 33,510 shares during the last quarter. Helikon Investments Ltd grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% during the 4th quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock worth $5,798,000 after buying an additional 27,578 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after buying an additional 2,976 shares during the period. 1.64% of the stock is 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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