Global X Management Co. LLC boosted its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) by 44.5% during the second quarter, Holdings Channel reports. The institutional investor owned 53,932 shares of the utilities provider’s stock after buying an additional 16,620 shares during the period. Global X Management Co. LLC’s holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) were worth $1,720,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of EDN. Atria Investments LLC bought a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the second quarter valued at approximately $235,000. Goldman Sachs Group Inc. raised its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 0.8% in the first quarter. Goldman Sachs Group Inc. now owns 104,819 shares of the utilities provider’s stock valued at $3,648,000 after buying an additional 803 shares during the last quarter. Barings LLC bought a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at approximately $3,563,000. Newfoundland Capital Management raised its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 304.7% in the first quarter. Newfoundland Capital Management now owns 932,441 shares of the utilities provider’s stock valued at $32,412,000 after buying an additional 702,015 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at approximately $2,549,000. Hedge funds and other institutional investors own 7.30% of the company’s stock.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE EDN) opened at 30.40 on Friday. The stock’s market cap is $1.37 billion. The stock’s 50 day moving average is $30.78 and its 200-day moving average is $32.57. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12-month low of $15.03 and a 12-month high of $37.12.

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Several brokerages recently commented on EDN. Zacks Investment Research lowered shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, ValuEngine raised shares of 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 assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.75.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

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.

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

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