JPMorgan Chase & Co. Cuts Stock Position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

JPMorgan Chase & Co. trimmed its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,754 shares of the utilities provider’s stock after selling 545 shares during the period. JPMorgan Chase & Co.’s holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima were worth $3,379,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EDN. GAMMA Investing LLC raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 677 shares during the period. SG Americas Securities LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth about $101,000. Banco BTG Pactual S.A. lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% in the 4th quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider’s stock valued at $4,145,000 after acquiring an additional 3,200 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $731,000. Finally, Raymond James Financial Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $888,000. Institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Shares of EDN stock opened at $32.50 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a fifty-two week low of $13.78 and a fifty-two week high of $51.69. The company has a market capitalization of $1.47 billion, a P/E ratio of 6.32 and a beta of 1.28. The stock has a 50 day moving average price of $32.81 and a two-hundred day moving average price of $35.02.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

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.