Enel Chile (NYSE:ENIC) Raised to Buy at Wall Street Zen

Enel Chile (NYSE:ENIC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of 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, January 21st. Morgan Stanley reissued an “overweight” rating and issued a $4.30 price objective on shares of Enel Chile in a report on Friday, December 12th. Santander cut shares of Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. Finally, Zacks Research upgraded shares of Enel Chile to a “hold” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.30.

Enel Chile Stock Performance

ENIC stock opened at $3.95 on Friday. Enel Chile has a 1-year low of $2.85 and a 1-year high of $4.51. The company’s 50 day moving average is $4.22 and its 200 day moving average is $3.96.

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

Hedge Funds Weigh In On Enel Chile

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. grew its position in shares of Enel Chile by 20.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,031 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 2,840 shares in the last quarter. First Trust Advisors LP grew its holdings in Enel Chile by 21.1% during the 4th quarter. First Trust Advisors LP now owns 17,696 shares of the utilities provider’s stock valued at $71,000 after buying an additional 3,086 shares in the last quarter. Truist Financial Corp increased its stake in Enel Chile by 25.2% in the 3rd quarter. Truist Financial Corp now owns 16,684 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 3,357 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Enel Chile by 1.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 287,814 shares of the utilities provider’s stock valued at $1,120,000 after acquiring an additional 3,744 shares during the last quarter. Finally, Wealthstream Advisors Inc. grew its holdings in shares of Enel Chile by 24.4% in the third quarter. Wealthstream Advisors Inc. now owns 19,583 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 3,835 shares in the last quarter. Institutional investors 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.