Empresa Distribuidora y Cmrz Nrt (EDN) Reaches New 1-Year High at $47.21

Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $47.21 and last traded at $45.09, with a volume of 30800 shares trading hands. The stock had previously closed at $43.45.

EDN has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Empresa Distribuidora y Cmrz Nrt from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub upgraded shares of Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th.

The company has a debt-to-equity ratio of 8.24, a quick ratio of 0.61 and a current ratio of 0.64.

Several institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC acquired a new stake in shares of Empresa Distribuidora y Cmrz Nrt in the third quarter worth $239,000. Envestnet Asset Management Inc. grew its stake in shares of Empresa Distribuidora y Cmrz Nrt by 70.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,170 shares of the utilities provider’s stock worth $165,000 after acquiring an additional 1,718 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Empresa Distribuidora y Cmrz Nrt by 7.9% in the third quarter. Wells Fargo & Company MN now owns 314,626 shares of the utilities provider’s stock worth $12,506,000 after acquiring an additional 22,973 shares during the last quarter. Dorsey Wright & Associates grew its stake in shares of Empresa Distribuidora y Cmrz Nrt by 43.6% in the third quarter. Dorsey Wright & Associates now owns 219,546 shares of the utilities provider’s stock worth $8,966,000 after acquiring an additional 66,699 shares during the last quarter. Finally, PointState Capital LP acquired a new stake in shares of Empresa Distribuidora y Cmrz Nrt in the second quarter worth $474,000. Institutional investors and hedge funds own 6.39% of the company’s stock.

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About Empresa Distribuidora y Cmrz Nrt

Empresa Distribuidora y Comercializadora Norte SA is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires.

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