Weiss Ratings Reiterates Hold (C) Rating for Enel Chile (NYSE:ENIC)

Enel Chile (NYSE:ENIC)‘s stock had its “hold (c)” rating reissued by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

ENIC has been the subject of several other research reports. Wall Street Zen downgraded shares of Enel Chile from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Citigroup downgraded shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 18th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Enel Chile has a consensus rating of “Hold” and an average price target of $3.90.

Enel Chile Trading Up 0.1%

Shares of Enel Chile stock opened at $3.88 on Friday. Enel Chile has a 52-week low of $2.62 and a 52-week high of $4.05. The company has a 50 day moving average of $3.71 and a 200 day moving average of $3.56.

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

Institutional Trading of Enel Chile

Several institutional investors and hedge funds have recently bought and sold shares of ENIC. Oppenheimer Asset Management Inc. raised its position in Enel Chile by 10.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 84,397 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 8,264 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Enel Chile by 1.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 303,661 shares of the utilities provider’s stock valued at $993,000 after purchasing an additional 5,384 shares during the last quarter. PDS Planning Inc purchased a new stake in Enel Chile in the 1st quarter valued at $33,000. Crossmark Global Holdings Inc. purchased a new stake in Enel Chile in the 1st quarter valued at $6,142,000. Finally, Cerity Partners LLC raised its position in Enel Chile by 9.6% in the 1st quarter. Cerity Partners LLC now owns 126,955 shares of the utilities provider’s stock valued at $415,000 after purchasing an additional 11,093 shares during the last quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

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.