Enel Chile (NYSE:ENIC) Stock Rating Upgraded by StockNews.com

Enel Chile (NYSE:ENIC – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Enel Chile Stock Performance

Shares of NYSE ENIC opened at $2.37 on Thursday. The company’s 50 day moving average price is $2.22 and its 200-day moving average price is $1.94. Enel Chile has a 52-week low of $0.98 and a 52-week high of $2.49. The company has a market capitalization of $3.28 billion, a P/E ratio of 2.39 and a beta of 0.99.

Institutional Trading of Enel Chile

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC increased its position in Enel Chile by 17.3% during the third quarter. Signaturefd LLC now owns 42,752 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 6,317 shares during the last quarter. Cetera Investment Advisers raised its position in Enel Chile by 14.5% during the first quarter. Cetera Investment Advisers now owns 68,387 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 8,659 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Enel Chile by 24.2% in the third quarter. UBS Asset Management Americas Inc. now owns 51,561 shares of the utilities provider’s stock worth $71,000 after buying an additional 10,061 shares during the period. Quadrant Capital Group LLC increased its stake in Enel Chile by 66.3% in the third quarter. Quadrant Capital Group LLC now owns 26,660 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 10,629 shares during the period. Finally, LPL Financial LLC bought a new position in shares of Enel Chile in the fourth quarter worth about $25,000. Institutional investors own 2.49% of the company’s stock.

About Enel Chile

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Enel Chile SA engages in the development, operation, generation, and distribution of electricity. It operates through following segments: Generation, Transmission, and Distribution. The Generation segment supplies electricity to end customers using lines and substations that belong to transmission and distribution companies.