BlackRock Inc. Has $4.43 Million Stake in Empresa Distribuidora y Cmrz Nrt SA (EDN)
BlackRock Inc. lifted its stake in Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) by 21.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,310 shares of the utilities provider’s stock after acquiring an additional 24,248 shares during the period. BlackRock Inc. owned approximately 0.30% of Empresa Distribuidora y Cmrz Nrt worth $4,429,000 at the end of the most recent reporting period.
Separately, CarVal Investors LLC purchased a new stake in shares of Empresa Distribuidora y Cmrz Nrt in the second quarter worth $292,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.
Shares of EDN stock opened at $24.10 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 8.62. Empresa Distribuidora y Cmrz Nrt SA has a 52-week low of $19.05 and a 52-week high of $63.29. The firm has a market capitalization of $1.11 billion, a P/E ratio of -24.10 and a beta of 1.24.
A number of equities research analysts recently issued reports on EDN shares. Zacks Investment Research upgraded Empresa Distribuidora y Cmrz Nrt from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine downgraded Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, Bank of America downgraded Empresa Distribuidora y Cmrz Nrt from a “neutral” rating to an “underperform” rating in a research report on Friday, September 14th. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus target price of $36.75.
Empresa Distribuidora y Cmrz Nrt Profile
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.
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