Enel Chile S.A. (ENIC) – What Are Investment Firms Saying About This Stock?

Enel Chile S.A. (NYSE:ENIC) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.65.

A number of research analysts have recently issued reports on the company. Itau BBA Securities downgraded Enel Chile to a “market perform” rating in a report on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research report on Thursday, October 15th. Finally, Bank of America assumed coverage on shares of Enel Chile in a research report on Thursday, October 15th. They set a “neutral” rating for the company.

Enel Chile Trading Down 1.7%

NYSE ENIC opened at $4.26 on Thursday. The company’s 50-day moving average price is $4.37 and its 200-day moving average price is $4.33. The stock has a market cap of $5.90 billion, a PE ratio of 10.16 and a beta of 1.02. Enel Chile has a 12 month low of $3.62 and a 12 month high of $4.74.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share (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%. As a group, sell-side analysts forecast that Enel Chile will post 0.48 earnings per share for the current year.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Eastern Bank acquired a new stake in shares of Enel Chile during the 2nd quarter worth approximately $33,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Enel Chile during the 1st quarter valued at approximately $41,000. Sanctuary Advisors LLC acquired a new position in shares of Enel Chile in the 1st quarter valued at $43,000. OneAscent Investment Solutions LLC acquired a new position in shares of Enel Chile in the second quarter worth about $65,000. Finally, First Trust Advisors LP boosted its stake in shares of Enel Chile by 46.0% during the 1st quarter. First Trust Advisors LP now owns 25,835 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 8,139 shares in the last quarter. 3.20% of the stock is owned by institutional investors and hedge funds.

Enel Chile Company Profile

Enel Chile SA is a Chilean electricity company and part of the global Enel Group. The company operates across the power sector, with activities that include electricity generation, distribution and the development of renewable-energy projects.

Through its generation businesses, including Enel Generación Chile and Enel Green Power Chile, Enel Chile produces electricity from a diversified mix of sources such as hydropower, solar, wind and thermal generation. Its renewable-energy operations support the development and operation of utility-scale clean-energy facilities in Chile.

Enel Chile also provides electricity distribution services through Enel Distribución Chile, serving residential, commercial and industrial customers in the Santiago metropolitan area and surrounding locations.