Enel Chile S.A. $ENIC Stock Holdings Lessened by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 47.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,329 shares of the utilities provider’s stock after selling 13,187 shares during the period. Goldman Sachs Group Inc.’s holdings in Enel Chile were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ENIC. Raiffeisen Bank International AG raised its holdings in shares of Enel Chile by 1.2% during the first quarter. Raiffeisen Bank International AG now owns 337,300 shares of the utilities provider’s stock worth $1,116,000 after acquiring an additional 3,900 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Enel Chile by 3.7% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 112,515 shares of the utilities provider’s stock worth $368,000 after purchasing an additional 4,000 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Enel Chile by 10.3% in the 1st quarter. Blue Trust Inc. now owns 48,790 shares of the utilities provider’s stock valued at $160,000 after buying an additional 4,575 shares in the last quarter. Inspire Investing LLC increased its holdings in Enel Chile by 43.2% in the first quarter. Inspire Investing LLC now owns 15,691 shares of the utilities provider’s stock worth $51,000 after buying an additional 4,735 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in Enel Chile by 8.3% during the first quarter. QRG Capital Management Inc. now owns 62,404 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 4,772 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Price Performance

Shares of ENIC stock opened at $3.90 on Wednesday. The stock has a market cap of $5.39 billion, a P/E ratio of 35.41 and a beta of 0.96. The stock has a fifty day moving average price of $3.51 and a 200 day moving average price of $3.50. Enel Chile S.A. has a one year low of $2.60 and a one year high of $4.05.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Enel Chile had a return on equity of 2.53% and a net margin of 3.50%. Equities research analysts anticipate that Enel Chile S.A. will post 0.45 EPS for the current year.

Analyst Ratings Changes

ENIC has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Enel Chile from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Citigroup lowered Enel Chile from a “strong-buy” rating to a “hold” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.90.

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.