Enel Chile (NYSE:ENIC) Upgraded at Zacks Research

Zacks Research upgraded shares of Enel Chile (NYSE:ENIC) to a hold rating in a research report released on Monday morning,Zacks.com reports.

Several other research firms also recently issued reports on ENIC. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, October 8th. Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a research report on Friday, December 12th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.30.

Enel Chile Stock Performance

ENIC stock opened at $3.87 on Monday. The business has a 50 day moving average price of $3.83 and a 200 day moving average price of $3.64. Enel Chile has a fifty-two week low of $2.73 and a fifty-two 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 for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Enel Chile had a return on equity of 1.23% and a net margin of 1.75%.The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Analysts forecast that Enel Chile will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Enel Chile

Several large investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Enel Chile during the second quarter worth $10,650,000. Banco BTG Pactual S.A. acquired a new stake in shares of Enel Chile in the 2nd quarter worth $4,389,000. Candriam S.C.A. boosted its holdings in shares of Enel Chile by 24.6% in the second quarter. Candriam S.C.A. now owns 928,000 shares of the utilities provider’s stock valued at $3,369,000 after acquiring an additional 183,000 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Enel Chile by 49.0% during the first quarter. Vident Advisory LLC now owns 619,130 shares of the utilities provider’s stock worth $2,025,000 after acquiring an additional 203,726 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Enel Chile by 70.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 597,895 shares of the utilities provider’s stock valued at $2,170,000 after purchasing an additional 246,530 shares during the period. 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.