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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Up 7.6% - Here's What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima logo with Utilities background

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) traded up 7.6% during trading on Thursday . The company traded as high as $46.52 and last traded at $46.17. 220,486 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 105,875 shares. The stock had previously closed at $42.91.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 9.5 %

The stock has a market capitalization of $2.13 billion, a PE ratio of 9.14 and a beta of 1.45. The company's 50 day moving average price is $38.95 and its two-hundred day moving average price is $26.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

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

Several hedge funds and other institutional investors have recently made changes to their positions in EDN. JPMorgan Chase & Co. grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock valued at $1,757,000 after purchasing an additional 2,610 shares during the period. Quadrature Capital Ltd acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at about $260,000. BlueCrest Capital Management Ltd grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider's stock valued at $1,108,000 after buying an additional 20,000 shares during the period. Walleye Capital LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $237,000. Finally, BNP Paribas Financial Markets raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider's stock valued at $911,000 after buying an additional 40,173 shares during the period. Institutional investors and hedge funds own 1.64% of the company's stock.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

(Get Free Report)

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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