Enel Chile S.A. (NYSE:ENIC) Given Average Recommendation of “Hold” by Brokerages

Enel Chile S.A. (NYSE:ENIC) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.30.

A number of equities analysts have issued reports on the stock. Santander cut shares of Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st.

Enel Chile Stock Up 0.6%

Shares of ENIC opened at $4.52 on Friday. The stock’s fifty day simple moving average is $4.12 and its 200-day simple moving average is $4.03. The firm has a market capitalization of $6.25 billion, a PE ratio of 11.29 and a beta of 0.97. Enel Chile has a 12-month low of $3.10 and a 12-month high of $4.59.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.14 earnings per share for the quarter. Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The firm had revenue of $1.18 billion during the quarter. Analysts anticipate that Enel Chile will post 0.45 EPS for the current year.

Institutional Trading of Enel Chile

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings in Enel Chile by 41,168.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 28,888 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 28,818 shares during the period. TMB Capital Partners LLC bought a new position in shares of Enel Chile during the fourth quarter worth $49,000. XTX Topco Ltd acquired a new position in shares of Enel Chile in the 4th quarter valued at $103,000. Wellington Management Group LLP raised its stake in Enel Chile by 48.4% during the 4th quarter. Wellington Management Group LLP now owns 2,042,904 shares of the utilities provider’s stock worth $8,212,000 after buying an additional 666,544 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in Enel Chile during the fourth quarter worth about $51,000. 3.20% of the stock is owned by institutional investors.

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.