Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN – Get Free Report) posted its quarterly earnings data on Monday. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.81, Zacks reports. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 13.79% and a net margin of 10.25%.
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance
EDN stock traded down $0.22 during trading hours on Monday, hitting $24.08. 153,969 shares of the stock traded hands, compared to its average volume of 125,184. The stock has a 50-day simple moving average of $25.93 and a 200 day simple moving average of $26.88. The company has a market cap of $1.09 billion, a P/E ratio of 4.45 and a beta of 1.46. Empresa Distribuidora Y Comercializadora Norte S.A. has a one year low of $14.38 and a one year high of $36.70. The company has a current ratio of 1.19, a quick ratio of 1.00 and a debt-to-equity ratio of 0.31.
Institutional Trading of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)
Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the fourth quarter valued at $366,000. State of Wisconsin Investment Board bought a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth $473,000. Van ECK Associates Corp grew its holdings in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 54.8% in the 4th quarter. Van ECK Associates Corp now owns 1,037 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 367 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 55.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,556 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 556 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 4th quarter valued at $468,000. 1.64% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on EDN
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.
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