Invesco Ltd. Boosts Stake in Enel Chile S.A. (NYSE:ENIC)

Invesco Ltd. grew its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 37.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 401,508 shares of the utilities provider’s stock after acquiring an additional 110,050 shares during the quarter. Invesco Ltd.’s holdings in Enel Chile were worth $1,156,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Advisors Preferred LLC purchased a new position in Enel Chile in the 4th quarter worth approximately $25,000. Intelligence Driven Advisers LLC purchased a new stake in Enel Chile during the fourth quarter valued at about $31,000. Caprock Group LLC bought a new stake in Enel Chile during the fourth quarter worth about $32,000. Wealthstream Advisors Inc. bought a new position in shares of Enel Chile during the 4th quarter valued at about $37,000. Finally, Truist Financial Corp purchased a new position in shares of Enel Chile during the 4th quarter valued at about $38,000. 3.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Enel Chile from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Enel Chile Stock Up 0.3 %

Shares of NYSE ENIC opened at $3.51 on Friday. The firm’s fifty day moving average is $3.31 and its 200 day moving average is $3.05. Enel Chile S.A. has a 52 week low of $2.51 and a 52 week high of $3.59. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 5.76 and a beta of 0.99.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%. The firm had revenue of $1,054.59 billion during the quarter, compared to the consensus estimate of $1,095.67 billion. Equities research analysts anticipate that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Enel Chile Profile

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.