PointState Capital LP bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,874 shares of the utilities provider’s stock, valued at approximately $474,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 0.8% during the first quarter. Goldman Sachs Group Inc. now owns 104,819 shares of the utilities provider’s stock worth $3,648,000 after buying an additional 803 shares in the last quarter. Fiera Capital Corp acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the second quarter worth about $8,737,000. Newfoundland Capital Management grew its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 11.0% during the second quarter. Newfoundland Capital Management now owns 1,034,750 shares of the utilities provider’s stock worth $33,008,000 after buying an additional 102,309 shares in the last quarter. Global X Management Co. LLC grew its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 44.5% during the second quarter. Global X Management Co. LLC now owns 53,932 shares of the utilities provider’s stock worth $1,720,000 after buying an additional 16,620 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 31.9% during the second quarter. Wells Fargo & Company MN now owns 291,653 shares of the utilities provider’s stock worth $9,304,000 after buying an additional 70,531 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on EDN shares. BidaskClub raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, July 12th. Finally, ValuEngine raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th.

Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE:EDN) traded down 0.87% during midday trading on Friday, reaching $42.01. The company’s stock had a trading volume of 54,299 shares. The firm has a market cap of $1.89 billion, a P/E ratio of 87.52 and a beta of 1.96. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52 week low of $20.72 and a 52 week high of $43.88. The firm has a 50 day moving average price of $37.04 and a 200-day moving average price of $33.55.

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About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

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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Institutional Ownership by Quarter for Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN)

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