Enel Chile S.A. (NYSE:ENIC) Receives $4.65 Average Price Target from Brokerages

Enel Chile S.A. (NYSE:ENIC) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.65.

A number of brokerages recently commented on ENIC. Itau BBA Securities downgraded Enel Chile to a “market perform” rating in a report on Friday, July 10th. Btg Pactual set a $5.00 price objective on Enel Chile in a report on Friday, May 8th. Wall Street Zen cut Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Friday, July 17th.

Enel Chile Trading Up 0.9%

Shares of ENIC stock opened at $4.45 on Friday. The firm has a fifty day simple moving average of $4.46 and a 200-day simple moving average of $4.32. The company has a market capitalization of $6.16 billion, a PE ratio of 10.60 and a beta of 1.04. Enel Chile has a twelve month low of $3.35 and a twelve month high of $4.74.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 EPS for the quarter. The firm had revenue of $1.07 billion for the quarter. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%. Equities research analysts predict that Enel Chile will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Enel Chile

Institutional investors have recently made changes to their positions in the company. Eastern Bank bought a new position in Enel Chile during the second quarter worth $33,000. Arax Advisory Partners increased its stake in Enel Chile by 320.4% during the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 5,832 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Enel Chile in the 4th quarter worth about $40,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Enel Chile in the 1st quarter valued at about $41,000. Finally, MML Investors Services LLC bought a new stake in shares of Enel Chile during the 4th quarter valued at about $43,000. 3.20% of the stock is currently owned by institutional investors.

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.