StockNews.com Lowers Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) to Hold

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, TheStreet raised shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “d+” rating to a “c” rating in a report on Friday, December 8th.

View Our Latest Stock Analysis on EDN

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

NYSE EDN opened at $17.70 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $18.86 and a 200 day simple moving average of $14.97. The company has a market cap of $802.16 million, a P/E ratio of 4.30 and a beta of 1.46. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1 year low of $6.52 and a 1 year high of $21.80.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.63. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 10.29% and a return on equity of 20.81%. The firm had revenue of $452.01 million during the quarter. On average, sell-side analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -8.16 EPS for the current year.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% during the 3rd quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider’s stock worth $3,261,000 after acquiring an additional 155,145 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 7.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,266 shares of the utilities provider’s stock worth $1,006,000 after buying an additional 4,410 shares during the last quarter. Islet Management LP acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the second quarter valued at $386,000. Citigroup Inc. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at about $1,179,000. Finally, Renaissance Technologies LLC lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 99.1% during the first quarter. Renaissance Technologies LLC now owns 107,655 shares of the utilities provider’s stock worth $868,000 after purchasing an additional 53,583 shares during the period.

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