Hennion & Walsh Asset Management Inc. Raises Stock Holdings in Enel Chile S.A. $ENIC

Hennion & Walsh Asset Management Inc. raised its position in shares of Enel Chile S.A. (NYSE:ENIC) by 183.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 251,731 shares of the utilities provider’s stock after buying an additional 163,022 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Enel Chile were worth $1,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banco BTG Pactual S.A. bought a new position in shares of Enel Chile in the 2nd quarter worth about $4,389,000. Arrowstreet Capital Limited Partnership grew its holdings in Enel Chile by 70.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 597,895 shares of the utilities provider’s stock worth $2,170,000 after purchasing an additional 246,530 shares during the period. Jump Financial LLC increased its stake in shares of Enel Chile by 5,592.9% during the second quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock valued at $2,121,000 after purchasing an additional 573,940 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Enel Chile by 9.8% during the third quarter. Vident Advisory LLC now owns 536,062 shares of the utilities provider’s stock valued at $2,085,000 after purchasing an additional 47,890 shares during the last quarter. Finally, Perpetual Ltd boosted its position in shares of Enel Chile by 52.7% in the 3rd quarter. Perpetual Ltd now owns 496,572 shares of the utilities provider’s stock worth $1,932,000 after purchasing an additional 171,353 shares in the last quarter. 3.20% of the stock is owned by hedge funds and other institutional investors.

Enel Chile Trading Up 0.1%

Shares of ENIC opened at $4.11 on Friday. Enel Chile S.A. has a 12 month low of $2.85 and a 12 month high of $4.51. The business’s fifty day simple moving average is $4.13 and its two-hundred day simple moving average is $4.00. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 10.26 and a beta of 0.97.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings results on Saturday, February 14th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The firm had revenue of $1.18 billion for the quarter. As a group, research analysts forecast that Enel Chile S.A. will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ENIC shares. Zacks Research raised Enel Chile to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Santander lowered Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and set a $4.30 price objective on shares of Enel Chile in a research report on Friday, December 12th. Finally, Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Enel Chile presently has an average rating of “Hold” and a consensus target price of $4.30.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.