Enel Chile S.A. (NYSE:ENIC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Enel Chile S.A. (NYSE:ENICGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.65.

Several research firms have recently weighed in on ENIC. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research report on Friday. Wall Street Zen lowered Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 10th. Itau BBA Securities lowered Enel Chile to a “market perform” rating in a research report on Friday, July 10th. Btg Pactual set a $5.00 price target on shares of Enel Chile in a report on Friday, May 8th. Finally, Scotiabank upgraded shares of Enel Chile to a “strong-buy” rating in a research note on Thursday, April 23rd.

View Our Latest Stock Report on ENIC

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently modified their holdings of the company. Brandes Investment Partners LP raised its position in shares of Enel Chile by 2.3% in the fourth quarter. Brandes Investment Partners LP now owns 5,270,748 shares of the utilities provider’s stock valued at $21,188,000 after purchasing an additional 120,905 shares during the period. State Street Corp increased its position in Enel Chile by 3.0% in the 4th quarter. State Street Corp now owns 4,253,843 shares of the utilities provider’s stock worth $17,100,000 after buying an additional 123,393 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Enel Chile by 5.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,062,688 shares of the utilities provider’s stock worth $12,312,000 after buying an additional 160,300 shares during the last quarter. Wellington Management Group LLP grew its stake 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 during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Enel Chile by 6.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,080,312 shares of the utilities provider’s stock worth $4,343,000 after acquiring an additional 70,000 shares during the period. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Trading Down 1.7%

Shares of NYSE:ENIC opened at $4.33 on Tuesday. The firm’s 50 day moving average is $4.37 and its two-hundred day moving average is $4.29. The firm has a market capitalization of $6.00 billion, a P/E ratio of 11.12 and a beta of 1.02. Enel Chile has a 52 week low of $3.10 and a 52 week high of $4.74.

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

Enel Chile Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Enel Chile (NYSE:ENIC)

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