Enel Chile (ENIC) Projected to Post Earnings on Thursday

Enel Chile (NYSE:ENIC) will likely be issuing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.1530 per share and revenue of $1.21 million for the quarter.

Enel Chile Stock Up 0.1%

Shares of ENIC stock traded up $0.01 during trading hours on Monday, reaching $4.17. The stock had a trading volume of 591,656 shares, compared to its average volume of 617,257. The firm has a 50-day simple moving average of $4.20 and a 200-day simple moving average of $3.89. Enel Chile has a twelve month low of $2.85 and a twelve month high of $4.51.

Institutional Trading of Enel Chile

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Enel Chile by 48.4% in the fourth quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock worth $8,212,000 after acquiring an additional 666,544 shares in the last quarter. Jump Financial LLC grew its position in Enel Chile by 5,592.9% during the 2nd quarter. Jump Financial LLC now owns 584,202 shares of the utilities provider’s stock worth $2,121,000 after purchasing an additional 573,940 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of Enel Chile in the third quarter valued at $1,408,000. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 buying an additional 246,530 shares during the period. Finally, Laird Norton Wetherby Trust Company LLC purchased a new position in shares of Enel Chile during the fourth quarter valued at $815,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, January 21st. Morgan Stanley reissued an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Santander downgraded shares of Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. Finally, Zacks Research upgraded shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.30.

Enel Chile Company Profile

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.