Enel Chile (NYSE:ENIC) Rating Increased to Hold at Zacks Research

Enel Chile (NYSE:ENIC) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

ENIC has been the subject of a number of other research reports. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, November 30th. Morgan Stanley reissued an “overweight” rating and issued a $4.30 price objective on shares of Enel Chile in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enel Chile in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Enel Chile currently has an average rating of “Hold” and a consensus price target of $4.30.

Enel Chile Stock Performance

Shares of ENIC stock opened at $3.93 on Monday. Enel Chile has a 12-month low of $2.73 and a 12-month high of $4.05. The firm has a 50 day moving average price of $3.83 and a two-hundred day moving average price of $3.64.

Enel Chile (NYSE:ENIC) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. Enel Chile had a return on equity of 1.23% and a net margin of 1.75%. As a group, equities analysts anticipate that Enel Chile will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Enel Chile

A number of institutional investors have recently modified their holdings of the business. Ethos Financial Group LLC grew its stake in shares of Enel Chile by 7.3% during the second quarter. Ethos Financial Group LLC now owns 233,625 shares of the utilities provider’s stock worth $848,000 after buying an additional 15,851 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Enel Chile during the 2nd quarter worth $59,000. Banco BTG Pactual S.A. bought a new position in Enel Chile in the 2nd quarter valued at approximately $4,389,000. Inspire Investing LLC raised its stake in shares of Enel Chile by 43.2% during the first quarter. Inspire Investing LLC now owns 15,691 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 4,735 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Enel Chile in the 1st quarter valued at about $804,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Company Profile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.