Pictet Asset Management Holding SA Boosts Stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Pictet Asset Management Holding SA raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 81.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,003 shares of the utilities provider’s stock after purchasing an additional 12,538 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $1,202,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $5,012,000. Banco BTG Pactual S.A. increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% during the fourth quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider’s stock worth $4,145,000 after purchasing an additional 3,200 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock worth $1,757,000 after purchasing an additional 2,610 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $2,938,000. Finally, Truxt Investmentos Ltda. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $1,810,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock opened at $26.68 on Friday. The company’s 50 day moving average is $35.24 and its two-hundred day moving average is $34.48. The firm has a market cap of $1.21 billion, a PE ratio of 5.19 and a beta of 1.38. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52-week low of $13.78 and a 52-week high of $51.69.

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.