Brokerages Set Enel Chile S.A. (NYSE:ENIC) Target Price at $4.30

Shares of Enel Chile S.A. (NYSE:ENIC) have earned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.30.

ENIC has been the topic of a number of analyst reports. Zacks Research raised Enel Chile to a “hold” rating in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, November 30th. Morgan Stanley reissued an “overweight” rating and set a $4.30 target price on shares of Enel Chile in a research report on Friday, December 12th. Finally, Santander cut Enel Chile to a “neutral” rating in a report on Wednesday.

Hedge Funds Weigh In On Enel Chile

Several institutional investors have recently bought and sold shares of the business. Savant Capital LLC acquired a new position in Enel Chile in the 2nd quarter worth $37,000. Foster Group Inc. bought a new stake in Enel Chile in the third quarter valued at approximately $42,000. Caprock Group LLC bought a new position in shares of Enel Chile in the third quarter valued at about $48,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Enel Chile during the third quarter worth approximately $55,000. Finally, Sowell Financial Services LLC bought a new stake in Enel Chile in the 4th quarter valued at $57,000. Institutional investors own 3.20% of the company’s stock.

Enel Chile Price Performance

Enel Chile stock opened at $4.41 on Tuesday. Enel Chile has a 52-week low of $2.85 and a 52-week high of $4.51. The firm has a 50-day moving average price of $4.06 and a two-hundred day moving average price of $3.78.

Enel Chile (NYSE:ENIC) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Enel Chile had a net margin of 1.75% and a return on equity of 1.23%. Sell-side analysts anticipate that Enel Chile will post 0.45 EPS for the current year.

Enel Chile Company Profile

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.