Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Shares Sold by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. lowered its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) by 61.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,273 shares of the utilities provider’s stock after selling 23,088 shares during the period. UBS Asset Management Americas Inc.’s holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) were worth $496,000 at the end of the most recent quarter.

Separately, Wells Fargo & Company MN increased its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 21.9% in the first quarter. Wells Fargo & Company MN now owns 221,122 shares of the utilities provider’s stock valued at $7,695,000 after buying an additional 39,766 shares in the last quarter. Institutional investors and hedge funds own 7.58% of the company’s stock.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE:EDN) traded up 4.35% during trading on Friday, reaching $34.30. The company’s stock had a trading volume of 134,468 shares. The stock has a market cap of $1.54 billion, a P/E ratio of 74.57 and a beta of 1.87. The stock’s 50-day moving average is $31.06 and its 200-day moving average is $32.63. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12-month low of $15.84 and a 12-month high of $37.12.

WARNING: “Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Shares Sold by UBS Asset Management Americas Inc.” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/19/ubs-asset-management-americas-inc-cuts-stake-in-empresa-distribuidora-y-comercializadora-norte-s-a-edenor-edn-updated-updated-updated.html.

Several analysts recently weighed in on the company. BidaskClub upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research cut Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, ValuEngine raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) presently has a consensus rating of “Buy” and a consensus target price of $30.75.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte SA is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires.

Institutional Ownership by Quarter for Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN)

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