Ping Capital Management Inc. Makes New $941,000 Investment in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Ping Capital Management Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 57,400 shares of the utilities provider’s stock, valued at approximately $941,000. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima comprises approximately 0.3% of Ping Capital Management Inc.’s portfolio, making the stock its 21st biggest position. Ping Capital Management Inc. owned about 0.13% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima as of its most recent SEC filing.

Separately, Helikon Investments Ltd increased its stake 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 worth $8,232,000 after acquiring an additional 157,042 shares during the last quarter. 1.64% of the stock is currently owned by institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 2.0 %

Shares of NYSE:EDN opened at $21.32 on Monday. The business has a 50-day moving average price of $17.01 and a 200 day moving average price of $17.26. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $966.22 million, a price-to-earnings ratio of 3.36 and a beta of 1.39. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $10.06 and a 12-month high of $21.80.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $1.51. The firm had revenue of $551.43 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 31.06% and a net margin of 17.06%. During the same period in the previous year, the business posted ($0.48) earnings per share. Sell-side analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -2.33 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima 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.