Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 34.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,183 shares of the utilities provider’s stock after selling 8,348 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima were worth $694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EDN. JPMorgan Chase & Co. raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock valued at $1,757,000 after buying an additional 2,610 shares during the period. SG Americas Securities LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $101,000. Verde Servicos Internacionais S.A. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $920,000. ABS Direct Equity Fund LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $731,000. Finally, Truxt Investmentos Ltda. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $1,810,000. 1.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Thursday.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 0.6%

EDN opened at $35.63 on Friday. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a one year low of $13.78 and a one year high of $51.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The stock’s fifty day moving average is $31.19 and its 200-day moving average is $35.89. The company has a market capitalization of $1.61 billion, a PE ratio of 6.93 and a beta of 1.53.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last announced its earnings results on Friday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter. The company had revenue of $605.33 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. On average, equities analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current fiscal year.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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.