Raymond James Financial Inc. Purchases Shares of 20,694 Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Raymond James Financial Inc. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,694 shares of the utilities provider’s stock, valued at approximately $888,000.

Several other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock valued at $68,000 after buying an additional 677 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at about $101,000. JPMorgan Chase & Co. raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock valued at $1,757,000 after purchasing an additional 2,610 shares during the last quarter. Walleye Capital LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $237,000. Finally, Quadrature Capital Ltd purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $260,000. Institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 10.2 %

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock opened at $26.68 on Friday. The firm’s 50 day simple moving average is $35.24 and its two-hundred day simple moving average is $34.41. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 5.19 and a beta of 1.38. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $13.78 and a 12-month high of $51.69. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

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.