Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) Reaches $44.05 After 3.00% Down Move; Hollow Brook Wealth Management Has Decreased Enterprise Prods Partners L (EPD) Position

June 14, 2018 - By David King

Enterprise Products Partners L.P. (NYSE:EPD) Logo

The stock of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) is a huge mover today! The stock decreased 3.65% or $1.67 during the last trading session, reaching $44.05. About 69,841 shares traded or 0.95% up from the average. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) has risen 55.01% since June 14, 2017 and is uptrending. It has outperformed by 42.44% the S&P500. Some Historical EDN News: ; 09/03/2018 – EDENOR FY NET INCOME ARS691.3M; 06/03/2018 EDENOR EDN.N : MORGAN STANLEY RAISES TARGET PRICE TO $65 FROM $42; 12/04/2018 – S&PGR Upgrades Edenor To ‘B’ From ‘B-‘, Otlk Positive; 12/04/2018 – S&P REVISES EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. TO RATING ‘B’ FROM ‘B-‘; 11/05/2018 – EDENOR 1Q NET INCOME ARS1.45BThe move comes after 6 months negative chart setup for the $2.03 billion company. It was reported on Jun, 14 by Barchart.com. We have $42.73 PT which if reached, will make NYSE:EDN worth $60.90M less.

Hollow Brook Wealth Management Llc decreased Enterprise Prods Partners L (EPD) stake by 9.98% reported in 2018Q1 SEC filing. Hollow Brook Wealth Management Llc sold 40,348 shares as Enterprise Prods Partners L (EPD)’s stock rose 9.72%. The Hollow Brook Wealth Management Llc holds 363,839 shares with $8.91M value, down from 404,187 last quarter. Enterprise Prods Partners L now has $62.63 billion valuation. The stock decreased 0.16% or $0.045 during the last trading session, reaching $28.825. About 1.79 million shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has risen 4.65% since June 14, 2017 and is uptrending. It has underperformed by 7.92% the S&P500. Some Historical EPD News: ; 30/04/2018 – ENTERPRISE PRODUCTS 1Q ADJ EBITDA $1.69B, EST. $1.52B; 30/04/2018 – Enterprise Pdts Partners 1Q Rev $9.3B; 11/04/2018 – ENTERPRISE PRODUCTS PARTNERS – PURCHASED 65-ACRE WATERFRONT SITE ON HOUSTON SHIP CHANNEL FOR NEXT PHASE OF EXPANSION AT ENTERPRISE HYDROCARBON TERMINAL; 07/03/2018 – ENTERPRISE PRODUCTS PARTNERS HOLDS ANALYST DAY IN HOUSTON; 30/04/2018 – Enterprise Pdts Partners 1Q EPS 41c; 26/04/2018 – Enterprise Products tests supertanker capability for crude exports; 18/04/2018 – Enterprise Receives Top Honors for Safety; 05/03/2018 Enterprise Products Partners to Host Investor & Analyst Day; 02/04/2018 – Fidelity Series Growth&Income Adds Enterprise Products; 25/05/2018 – ENTERPRISE PRODUCTS PARTNERS – BINDING OPEN SEASON COMMITMENT PERIOD BEGINS MAY 25, 2018 AT 4 P.M. CDT, CONTINUES UNTIL 5 P.M. CDT JUNE 24, 2018

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. The company has market cap of $2.03 billion. The firm was formerly known as Empresa Distribuidora Norte Sociedad Anónima and changed its name to Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in June 1996. It has a 59.53 P/E ratio. The firm was founded in 1992 and is based in Buenos Aires, Argentina.

Among 2 analysts covering Edenor SA (NYSE:EDN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Edenor SA had 3 analyst reports since October 8, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, May 30 report. Morgan Stanley initiated Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) on Wednesday, October 5 with “Overweight” rating. The stock of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) has “Hold” rating given on Thursday, October 8 by Santander.

Another recent and important Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For May 30, 2018” on May 30, 2018.

Among 27 analysts covering Enterprise Products Partners LP (NYSE:EPD), 27 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enterprise Products Partners LP had 60 analyst reports since July 23, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of EPD in report on Monday, June 5 with “Buy” rating. The firm earned “Buy” rating on Wednesday, November 16 by Ladenburg Thalmann. The rating was downgraded by Vetr on Monday, August 31 to “Strong-Buy”. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, July 11 report. The firm has “Buy” rating given on Thursday, August 3 by Jefferies. On Wednesday, April 5 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 13. The firm has “Buy” rating given on Wednesday, November 18 by Deutsche Bank. Seaport Global maintained Enterprise Products Partners L.P. (NYSE:EPD) on Thursday, March 8 with “Buy” rating. Bernstein initiated Enterprise Products Partners L.P. (NYSE:EPD) on Wednesday, May 11 with “Outperform” rating.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on August, 2. They expect $0.38 earnings per share, up 26.67% or $0.08 from last year’s $0.3 per share. EPD’s profit will be $825.60M for 18.96 P/E if the $0.38 EPS becomes a reality. After $0.39 actual earnings per share reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Since March 7, 2018, it had 2 insider buys, and 0 insider sales for $1.10 million activity. The insider TEAGUE AJ bought 24,665 shares worth $605,208.

More notable recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Fool.com which released: “Better Buy: Kinder Morgan, Inc. (KMI) vs. Enterprise Products Partners (EPD)” on May 30, 2018, also Fool.com with their article: “This High-Yield Pipeline Stock Is a Bargain Buy” published on June 14, 2018, Seekingalpha.com published: “Fixing The Permian Mismatch: Upstream Growth And Midstream Takeaway Capacity” on June 14, 2018. More interesting news about Enterprise Products Partners L.P. (NYSE:EPD) were released by: Seekingalpha.com and their article: “Enterprise Products Partners: My Latest Buy” published on May 30, 2018 as well as Globenewswire.com‘s news article titled: “Report: Developing Opportunities within ConocoPhillips, Teleflex, Enterprise Products Partners, Tandem Diabetes …” with publication date: June 12, 2018.

Investors sentiment increased to 1.02 in 2018 Q1. Its up 0.17, from 0.85 in 2017Q4. It is positive, as 69 investors sold EPD shares while 235 reduced holdings. 72 funds opened positions while 238 raised stakes. 753.02 million shares or 0.38% more from 750.14 million shares in 2017Q4 were reported. Manufacturers Life Insurance The reported 0% in Enterprise Products Partners L.P. (NYSE:EPD). Serv Automobile Association invested in 972,932 shares. Hite Hedge Asset Mgmt Limited Liability reported 164,109 shares stake. 9,878 were reported by Miracle Mile Advsr Lc. Linscomb & Williams stated it has 154,931 shares. 189,477 were reported by Provise Mgmt Grp Ltd Com. Willingdon Wealth Management has 340 shares. Invesco holds 0% in Enterprise Products Partners L.P. (NYSE:EPD) or 285,740 shares. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma stated it has 5,000 shares. Pinnacle Advisory Group Incorporated invested in 0.01% or 8,605 shares. 195,260 are held by Obermeyer Wood Investment Counsel Lllp. Evercore Wealth Mngmt Ltd holds 0.18% or 190,740 shares in its portfolio. Sentinel Trust Lba reported 2.28M shares stake. Moreover, Northstar Advsr Limited Co has 1.29% invested in Enterprise Products Partners L.P. (NYSE:EPD). Private Advisor Gru Ltd Liability Company holds 162,293 shares or 0.15% of its portfolio.

Enterprise Products Partners L.P. (NYSE:EPD) Institutional Positions Chart

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