Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) Shares Bought by Morgan Stanley

Morgan Stanley raised its stake in Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) by 264.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,585 shares of the utilities provider’s stock after acquiring an additional 17,111 shares during the period. Morgan Stanley owned 0.05% of Empresa Distribuidora y Cmrz Nrt worth $428,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Empresa Distribuidora y Cmrz Nrt by 167.3% during the second quarter. BlackRock Inc. now owns 229,832 shares of the utilities provider’s stock valued at $4,174,000 after buying an additional 143,849 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Empresa Distribuidora y Cmrz Nrt during the second quarter valued at approximately $574,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Empresa Distribuidora y Cmrz Nrt during the second quarter valued at approximately $104,000. Institutional investors own 7.81% of the company’s stock.

Separately, ValuEngine raised Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

NYSE:EDN traded up $0.01 during midday trading on Tuesday, hitting $4.84. 100 shares of the stock were exchanged, compared to its average volume of 151,091. Empresa Distribuidora y Cmrz Nrt SA has a one year low of $4.83 and a one year high of $30.03. The company has a market capitalization of $218.90 million, a price-to-earnings ratio of 1.39 and a beta of 0.93. The business has a 50-day moving average price of $6.29 and a two-hundred day moving average price of $13.11. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last announced its earnings results on Wednesday, August 14th. The utilities provider reported $5.53 EPS for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 42.35% and a net margin of 18.09%. The firm had revenue of $415.98 million for the quarter. Sell-side analysts forecast that Empresa Distribuidora y Cmrz Nrt SA will post 2.4 EPS for the current fiscal year.

Empresa Distribuidora y Cmrz Nrt Company 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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Institutional Ownership by Quarter for Empresa Distribuidora y Cmrz Nrt (NYSE:EDN)

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