Parallel Advisors LLC Sells 8,014 Shares of Enel Chile S.A. (NYSE:ENIC)

Parallel Advisors LLC lessened its holdings in shares of Enel Chile S.A. (NYSE:ENICFree Report) by 33.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,187 shares of the utilities provider’s stock after selling 8,014 shares during the period. Parallel Advisors LLC’s holdings in Enel Chile were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. purchased a new position in Enel Chile in the 3rd quarter worth about $34,000. Blue Trust Inc. raised its stake in shares of Enel Chile by 131.9% during the fourth quarter. Blue Trust Inc. now owns 16,129 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 9,174 shares in the last quarter. Tidemark LLC purchased a new stake in shares of Enel Chile in the fourth quarter valued at approximately $57,000. Mutual Advisors LLC bought a new position in Enel Chile in the third quarter worth approximately $65,000. Finally, Balentine LLC bought a new stake in Enel Chile during the 4th quarter valued at $68,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Performance

Shares of NYSE:ENIC opened at $2.90 on Friday. The firm has a 50 day moving average of $3.01 and a 200 day moving average of $3.04. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 5.58 and a beta of 1.17. Enel Chile S.A. has a 52 week low of $2.68 and a 52 week high of $3.89.

Enel Chile (NYSE:ENICGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.11 EPS for the quarter. Enel Chile had a return on equity of 51.15% and a net margin of 15.66%. The firm had revenue of $1.11 billion during the quarter.

Enel Chile Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, January 1st were given a $0.2093 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a dividend yield of 7.3%. This is an increase from Enel Chile’s previous semi-annual dividend of $0.03. Enel Chile’s payout ratio is presently 44.23%.

Wall Street Analyst Weigh In

Separately, downgraded Enel Chile from a “buy” rating to a “hold” rating in a report on Saturday, February 17th.

Check Out Our Latest Stock Report on Enel Chile

Enel Chile Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enel Chile (NYSE:ENIC)

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