Enel Chile S.A. (NYSE:ENIC) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Enel Chile S.A. (NYSE:ENIC) by 3.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,179,114 shares of the utilities provider’s stock after selling 48,343 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Enel Chile were worth $3,856,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Raiffeisen Bank International AG raised its position in shares of Enel Chile by 1.2% in the first quarter. Raiffeisen Bank International AG now owns 337,300 shares of the utilities provider’s stock worth $1,116,000 after acquiring an additional 3,900 shares during the period. US Bancorp DE raised its position in shares of Enel Chile by 599.7% in the first quarter. US Bancorp DE now owns 46,670 shares of the utilities provider’s stock worth $153,000 after acquiring an additional 40,000 shares during the period. Carrera Capital Advisors raised its position in shares of Enel Chile by 2,729.3% in the first quarter. Carrera Capital Advisors now owns 472,381 shares of the utilities provider’s stock worth $1,545,000 after acquiring an additional 455,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Enel Chile by 51.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 791,481 shares of the utilities provider’s stock worth $2,588,000 after acquiring an additional 270,000 shares during the period. Finally, Advisors Preferred LLC raised its position in shares of Enel Chile by 2,767.7% in the first quarter. Advisors Preferred LLC now owns 255,110 shares of the utilities provider’s stock worth $878,000 after acquiring an additional 246,214 shares during the period. Institutional investors and hedge funds own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ENIC. Wall Street Zen cut shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup cut shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 18th.

Enel Chile Price Performance

ENIC stock opened at $3.40 on Thursday. Enel Chile S.A. has a 52 week low of $2.51 and a 52 week high of $4.05. The firm has a 50-day simple moving average of $3.44 and a 200-day simple moving average of $3.41.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Enel Chile had a net margin of 3.50% and a return on equity of 2.53%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. On average, analysts predict that Enel Chile S.A. will post 0.45 EPS for the current fiscal year.

Enel Chile Profile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.