Helikon Investments Ltd Has $47.37 Million Stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) $EDN

Helikon Investments Ltd reduced its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,788,285 shares of the utilities provider’s stock after selling 242,751 shares during the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) makes up about 2.9% of Helikon Investments Ltd’s holdings, making the stock its 9th biggest holding. Helikon Investments Ltd owned about 3.95% of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) worth $47,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EDN. Ping Capital Management Inc. raised its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 7.9% in the 2nd quarter. Ping Capital Management Inc. now owns 27,400 shares of the utilities provider’s stock worth $726,000 after acquiring an additional 2,000 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 1st quarter worth about $103,000. Walleye Capital LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter worth about $373,000. BW Gestao de Investimentos Ltda. bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter worth about $562,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 141.2% in the first quarter. Cubist Systematic Strategies LLC now owns 39,031 shares of the utilities provider’s stock worth $1,192,000 after purchasing an additional 22,848 shares during the period. 1.64% of the stock is owned by hedge funds and other institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Up 2.6%

EDN stock opened at $33.14 on Thursday. The stock has a market capitalization of $1.50 billion, a P/E ratio of 5.29 and a beta of 1.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.82. Empresa Distribuidora Y Comercializadora Norte S.A. has a 1-year low of $14.38 and a 1-year high of $51.69. The business has a fifty day moving average price of $21.34 and a 200-day moving average price of $26.10.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last released its quarterly earnings data on Monday, August 11th. The utilities provider reported $1.85 EPS for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 18.04% and a net margin of 11.55%.The company had revenue of $543.69 million for the quarter. Equities analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a report on Wednesday, October 8th. Morgan Stanley reiterated an “equal weight” rating and set a $36.00 price objective on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a research note on Wednesday, August 20th. Finally, Wall Street Zen cut Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) has a consensus rating of “Reduce” and a consensus target price of $36.00.

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

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.