US Bancorp DE Raises Stake in Enel Chile S.A. (NYSE:ENIC)

US Bancorp DE grew its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 599.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,670 shares of the utilities provider’s stock after purchasing an additional 40,000 shares during the period. US Bancorp DE’s holdings in Enel Chile were worth $153,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. purchased a new stake in shares of Enel Chile in the 1st quarter worth about $6,142,000. Northern Trust Corp boosted its position in shares of Enel Chile by 1,444.7% in the 4th quarter. Northern Trust Corp now owns 804,533 shares of the utilities provider’s stock worth $2,317,000 after buying an additional 752,448 shares in the last quarter. Carrera Capital Advisors boosted its position in shares of Enel Chile by 2,729.3% in the 1st quarter. Carrera Capital Advisors now owns 472,381 shares of the utilities provider’s stock worth $1,545,000 after buying an additional 455,685 shares in the last quarter. JPMorgan Chase & Co. boosted 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 worth $3,619,000 after buying an additional 451,482 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Enel Chile in the 4th quarter worth about $950,000. 3.20% of the stock is currently owned by hedge funds and other institutional investors.

Enel Chile Price Performance

Shares of ENIC stock opened at $3.40 on Friday. The firm has a 50-day moving average price of $3.43 and a 200 day moving average price of $3.42. Enel Chile S.A. has a twelve month low of $2.51 and a twelve month high of $4.05.

Enel Chile (NYSE:ENIC) last announced its earnings results on Tuesday, July 29th. The utilities provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Enel Chile had a net margin of 3.50% and a return on equity of 2.53%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Equities analysts predict that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ENIC. Citigroup lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Enel Chile from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

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.