Enel Chile (NYSE:ENIC) Rating Lowered to Hold at Wall Street Zen

Enel Chile (NYSE:ENIC) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also commented on ENIC. Weiss Ratings restated a “hold (c)” rating on shares of Enel Chile in a research report on Wednesday, January 21st. Santander cut Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. Zacks Research raised Enel Chile to a “hold” rating in a report on Monday, December 15th. Finally, Morgan Stanley reissued an “overweight” rating and set a $4.30 price objective on shares of Enel Chile in a report on Friday, December 12th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.30.

Enel Chile Stock Performance

Shares of NYSE:ENIC opened at $3.81 on Friday. The company’s fifty day moving average is $4.22 and its 200-day moving average is $3.94. Enel Chile has a 52 week low of $2.85 and a 52 week high of $4.51.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Tuesday, March 3rd. The utilities provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $1.21 million. Enel Chile had a net margin of 11.53% and a return on equity of 9.81%. As a group, equities research analysts anticipate that Enel Chile will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of Enel Chile

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Enel Chile by 4.6% in the 1st quarter. Royal Bank of Canada now owns 438,287 shares of the utilities provider’s stock valued at $1,433,000 after purchasing an additional 19,092 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Enel Chile by 97.9% during the first quarter. Cubist Systematic Strategies LLC now owns 61,591 shares of the utilities provider’s stock worth $201,000 after buying an additional 30,465 shares during the last quarter. NewEdge Advisors LLC bought a new position in Enel Chile in the first quarter valued at approximately $289,000. Jane Street Group LLC acquired a new stake in Enel Chile during the 1st quarter worth $131,000. Finally, Focus Partners Wealth lifted its stake in shares of Enel Chile by 154.2% in the 1st quarter. Focus Partners Wealth now owns 36,979 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 22,434 shares during the period. 3.20% of the stock is owned by institutional investors.

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.