Ethic Inc. Has $113,000 Stake in Enel Chile S.A. $ENIC

Ethic Inc. cut its holdings in shares of Enel Chile S.A. (NYSE:ENIC) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,340 shares of the utilities provider’s stock after selling 5,648 shares during the period. Ethic Inc.’s holdings in Enel Chile were worth $113,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC bought a new position in shares of Enel Chile in the second quarter valued at about $10,650,000. Helikon Investments Ltd lifted its holdings in Enel Chile by 112.9% during the 1st quarter. Helikon Investments Ltd now owns 4,498,563 shares of the utilities provider’s stock worth $14,710,000 after buying an additional 2,385,840 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Enel Chile in the 1st quarter valued at $6,142,000. Candriam S.C.A. acquired a new stake in shares of Enel Chile in the 1st quarter valued at $2,436,000. Finally, Carrera Capital Advisors lifted its stake in shares of Enel Chile by 2,729.3% during the first quarter. Carrera Capital Advisors now owns 472,381 shares of the utilities provider’s stock valued at $1,545,000 after acquiring an additional 455,685 shares during the period. Institutional investors own 3.20% of the company’s stock.

Enel Chile Trading Down 0.1%

Enel Chile stock opened at $3.87 on Friday. The stock has a 50-day simple moving average of $3.76 and a 200 day simple moving average of $3.59. Enel Chile S.A. has a 52 week low of $2.62 and a 52 week high of $4.05.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. On average, sell-side analysts anticipate that Enel Chile S.A. will post 0.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on ENIC shares. Citigroup lowered shares of Enel Chile from a “strong-buy” rating to a “hold” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Enel Chile currently has a consensus rating of “Hold” and a consensus 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.