Enel Chile (NYSE:ENIC) Receives Neutral Rating from Citigroup

Enel Chile (NYSE:ENIC)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup in a research note issued on Friday, Marketbeat reports.

Separately, Wall Street Zen downgraded Enel Chile from a “buy” rating to a “hold” rating in a research report on Friday, May 16th.

Enel Chile Stock Down 1.6%

Shares of ENIC stock traded down $0.06 during mid-day trading on Friday, reaching $3.32. 427,072 shares of the company’s stock traded hands, compared to its average volume of 663,039. Enel Chile has a 12 month low of $2.51 and a 12 month high of $4.05. The company has a market cap of $4.59 billion, a P/E ratio of 23.68 and a beta of 0.91. The company’s 50-day moving average price is $3.59 and its 200-day moving average price is $3.38.

Enel Chile (NYSE:ENIC) last released its earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $1,054.59 billion during the quarter, compared to analyst estimates of $1,095.67 billion. Enel Chile had a net margin of 4.27% and a return on equity of 3.21%. Equities analysts predict that Enel Chile will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Enel Chile by 318.6% in the 1st quarter. GAMMA Investing LLC now owns 9,365 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 7,128 shares during the last quarter. PDS Planning Inc acquired a new stake in Enel Chile during the first quarter valued at $33,000. Jump Financial LLC acquired a new stake in Enel Chile during the first quarter valued at $34,000. Johnson Financial Group LLC acquired a new stake in Enel Chile during the first quarter valued at $35,000. Finally, Lesa Sroufe & Co acquired a new stake in shares of Enel Chile in the first quarter worth about $40,000. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Enel Chile Company 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.