Envestnet Asset Management Inc. Purchases 37,452 Shares of Enel Chile S.A. (NYSE:ENIC)

Envestnet Asset Management Inc. increased its position in Enel Chile S.A. (NYSE:ENIC) by 16.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 265,226 shares of the utilities provider’s stock after buying an additional 37,452 shares during the period. Envestnet Asset Management Inc.’s holdings in Enel Chile were worth $764,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in Enel Chile by 36.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 3,827 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Enel Chile by 56.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider’s stock valued at $3,619,000 after purchasing an additional 451,482 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Enel Chile by 33.0% in the 4th quarter. LPL Financial LLC now owns 62,018 shares of the utilities provider’s stock worth $179,000 after buying an additional 15,386 shares during the last quarter. Lingohr Asset Management GmbH bought a new stake in Enel Chile during the fourth quarter worth approximately $682,000. Finally, Signaturefd LLC boosted its holdings in shares of Enel Chile by 12.6% in the 4th quarter. Signaturefd LLC now owns 37,152 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 4,146 shares during the period. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enel Chile Stock Up 2.0 %

ENIC stock opened at $3.58 on Friday. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 5.87 and a beta of 0.99. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $3.62. The business’s fifty day simple moving average is $3.31 and its two-hundred day simple moving average is $3.05.

Enel Chile (NYSE:ENIC) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Enel Chile had a net margin of 17.33% and a return on equity of 15.48%. The business had revenue of $1,054.59 billion for the quarter, compared to the consensus estimate of $1,095.67 billion. Research analysts expect that Enel Chile S.A. will post 0.45 EPS for the current year.

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.