Cubist Systematic Strategies LLC Has $90,000 Stake in Enel Chile S.A. (NYSE:ENIC)

Cubist Systematic Strategies LLC cut its position in Enel Chile S.A. (NYSE:ENIC) by 39.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,126 shares of the utilities provider’s stock after selling 20,230 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Enel Chile were worth $90,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brandes Investment Partners LP raised its position in shares of Enel Chile by 2.7% in the 4th quarter. Brandes Investment Partners LP now owns 5,707,753 shares of the utilities provider’s stock valued at $16,438,000 after buying an additional 152,430 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Enel Chile by 1.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,512,771 shares of the utilities provider’s stock valued at $7,237,000 after buying an additional 38,783 shares in the last quarter. Helikon Investments Ltd raised its position in shares of Enel Chile by 14.7% in the 4th quarter. Helikon Investments Ltd now owns 2,112,723 shares of the utilities provider’s stock valued at $6,085,000 after buying an additional 270,545 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Enel Chile by 13.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,482,326 shares of the utilities provider’s stock valued at $4,269,000 after buying an additional 172,383 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Enel Chile by 56.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,256,695 shares of the utilities provider’s stock valued at $3,619,000 after buying an additional 451,482 shares in the last quarter. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Enel Chile Trading Up 0.8%

Shares of Enel Chile stock opened at $3.75 on Tuesday. The firm has a market capitalization of $5.19 billion, a PE ratio of 6.15 and a beta of 0.90. The firm’s 50 day moving average is $3.43 and its 200 day moving average is $3.14. Enel Chile S.A. has a 1 year low of $2.51 and a 1 year high of $4.05.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share (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 company had revenue of $1,054.59 billion for the quarter, compared to analyst estimates of $1,095.67 billion. As a group, research analysts anticipate that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Enel Chile Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be issued a dividend of $0.1779 per share. This represents a yield of 5.8%. The ex-dividend date is Friday, May 16th. Enel Chile’s payout ratio is 157.14%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Enel Chile from a “buy” rating to a “hold” rating in a report on Friday.

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.