Public Employees Retirement System of Ohio purchased a new stake in shares of Enel Chile S.A. (NYSE:ENIC – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 196,814 shares of the utilities provider’s stock, valued at approximately $886,000.
A number of other large investors have also added to or reduced their stakes in the company. OneAscent Investment Solutions LLC purchased a new position in shares of Enel Chile in the second quarter valued at about $65,000. Eastern Bank purchased a new stake in shares of Enel Chile during the second quarter worth about $33,000. Bank of America Corp DE increased its holdings in Enel Chile by 872.6% during the 1st quarter. Bank of America Corp DE now owns 117,225 shares of the utilities provider’s stock valued at $462,000 after purchasing an additional 105,172 shares during the period. Amundi purchased a new stake in Enel Chile in the 1st quarter worth approximately $443,000. Finally, Royal Bank of Canada grew its position in shares of Enel Chile by 12.0% in the 1st quarter. Royal Bank of Canada now owns 654,043 shares of the utilities provider’s stock worth $2,577,000 after buying an additional 70,000 shares during the last quarter. Institutional investors own 3.20% of the company’s stock.
Wall Street Analysts Forecast Growth
ENIC has been the subject of a number of recent analyst reports. 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 Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.65.
Enel Chile Stock Performance
ENIC stock opened at $4.47 on Thursday. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 10.66 and a beta of 1.04. The business’s 50 day moving average price is $4.44 and its two-hundred day moving average price is $4.33. Enel Chile S.A. has a fifty-two week low of $3.59 and a fifty-two week high of $4.74.
Enel Chile (NYSE:ENIC – Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.08 earnings per share for the quarter. The company had revenue of $1.07 billion for the quarter. Enel Chile had a return on equity of 10.20% and a net margin of 12.30%. Sell-side analysts forecast that Enel Chile S.A. will post 0.47 earnings per share for the current year.
About Enel Chile
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.
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