Enel Chile S.A. (NYSE:ENIC) Given Consensus Rating of “Hold” by Brokerages

Enel Chile S.A. (NYSE:ENIC) has earned an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.30.

ENIC has been the topic of several research analyst reports. Santander lowered Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, November 30th. Morgan Stanley reiterated an “overweight” rating and set a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Enel Chile to a “hold” rating in a research note on Monday, December 15th.

Enel Chile Stock Down 0.6%

Shares of ENIC stock opened at $4.17 on Friday. Enel Chile has a 1 year low of $2.85 and a 1 year high of $4.51. The stock’s 50-day moving average is $4.20 and its two-hundred day moving average is $3.89.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Ethos Financial Group LLC increased its stake in Enel Chile by 7.3% in the 2nd quarter. Ethos Financial Group LLC now owns 233,625 shares of the utilities provider’s stock valued at $848,000 after buying an additional 15,851 shares during the period. Banco BTG Pactual S.A. purchased a new stake in shares of Enel Chile in the second quarter valued at about $4,389,000. Sequoia Financial Advisors LLC acquired a new position in shares of Enel Chile during the second quarter worth about $59,000. CWA Asset Management Group LLC acquired a new stake in Enel Chile in the third quarter valued at about $845,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Enel Chile by 80.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 41,133 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 18,282 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.