Brokerages Set Enel Chile S.A. (NYSE:ENIC) PT at $4.65

Shares of Enel Chile S.A. (NYSE:ENIC) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.65.

ENIC has been the topic of a number of research reports. Wall Street Zen downgraded shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Btg Pactual set a $5.00 target price on shares of Enel Chile in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research report on Monday, April 20th. Finally, Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd.

Enel Chile Price Performance

Shares of Enel Chile stock opened at $4.15 on Monday. Enel Chile has a 52-week low of $3.10 and a 52-week high of $4.74. The company’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $4.16. The firm has a market capitalization of $5.73 billion, a PE ratio of 10.63 and a beta of 1.03.

Enel Chile (NYSE:ENIC) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $0.12 EPS for the quarter. The company had revenue of $1.20 billion for the quarter. Enel Chile had a net margin of 11.04% and a return on equity of 9.50%. Analysts predict that Enel Chile will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Enel Chile

Large investors have recently bought and sold shares of the business. Arax Advisory Partners increased its stake in Enel Chile by 320.4% during the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 5,832 shares in the last quarter. Cibc World Market Inc. bought a new stake in Enel Chile during the 4th quarter worth approximately $40,000. Allspring Global Investments Holdings LLC bought a new position in shares of Enel Chile during the 1st quarter worth approximately $41,000. SmartHarvest Portfolios LLC bought a new position in shares of Enel Chile during the 1st quarter worth approximately $43,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Enel Chile during the 1st quarter worth approximately $43,000. 3.20% of the stock is owned by institutional investors.

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.