Enel Chile (NYSE:ENIC) Reaches New 1-Year High – Still a Buy?

Shares of Enel Chile S.A. (NYSE:ENIC) reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $4.05 and last traded at $4.0350, with a volume of 157721 shares. The stock had previously closed at $4.02.

Analysts Set New Price Targets

ENIC has been the subject of several research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $4.30 target price on shares of Enel Chile in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, October 8th. Zacks Research upgraded Enel Chile to a “hold” rating in a research report on Monday, December 15th. Finally, Wall Street Zen raised Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.30.

Enel Chile Stock Up 0.4%

The stock has a 50 day simple moving average of $3.86 and a 200 day simple moving average of $3.66.

Enel Chile (NYSE:ENIC) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. Enel Chile had a return on equity of 1.23% and a net margin of 1.75%. Equities research analysts predict that Enel Chile S.A. will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Enel Chile

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jump Financial LLC purchased a new position in Enel Chile during the 1st quarter worth approximately $34,000. Savant Capital LLC purchased a new position in shares of Enel Chile during the second quarter valued at $37,000. Foster Group Inc. purchased a new stake in Enel Chile in the 3rd quarter worth about $42,000. Caprock Group LLC acquired a new stake in Enel Chile during the 3rd quarter worth about $48,000. Finally, Inspire Investing LLC grew its stake in Enel Chile by 43.2% during the 1st quarter. Inspire Investing LLC now owns 15,691 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 4,735 shares in the last quarter. Institutional investors and hedge funds own 3.20% of the company’s stock.

About Enel Chile

Enel Chile SA, traded as ENIC on the NYSE, is one of Chile’s leading integrated electric utilities, with core businesses spanning electricity generation, transmission and distribution. The company serves a diverse customer base that includes residential, commercial and industrial users, striving to deliver reliable power across both urban and rural regions.

In its generation segment, Enel Chile operates a balanced portfolio of assets, including hydroelectric plants, thermal power stations and an expanding suite of renewable energy facilities such as wind and solar farms.