Sumitomo Mitsui Trust Holdings Inc. Sells 16,000 Shares of Enel Chile S.A. (NYSE:ENIC)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369,347 shares of the utilities provider’s stock after selling 16,000 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Enel Chile were worth $1,197,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Enel Chile in the 3rd quarter valued at $34,000. Blue Trust Inc. boosted its stake in shares of Enel Chile by 131.9% in the 4th quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 9,174 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Enel Chile in the 3rd quarter valued at $65,000. QRG Capital Management Inc. bought a new stake in shares of Enel Chile in the 3rd quarter valued at $93,000. Finally, NBC Securities Inc. bought a new stake in shares of Enel Chile in the 3rd quarter valued at $112,000. 3.20% of the stock is owned by institutional investors.

Enel Chile Stock Down 0.5 %

Enel Chile stock opened at $3.00 on Friday. Enel Chile S.A. has a 12-month low of $2.63 and a 12-month high of $3.89. The firm’s fifty day moving average is $2.97 and its 200 day moving average is $3.03. The company has a market capitalization of $4.14 billion, a PE ratio of 5.65 and a beta of 1.16.

Enel Chile (NYSE:ENIC) last released its earnings results on Thursday, February 29th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter. Enel Chile had a net margin of 14.69% and a return on equity of 127.33%. The company had revenue of $1.15 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th.

About Enel Chile

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.