Enel Chile S.A. (NYSE:ENIC) Receives $4.30 Average PT from Analysts

Enel Chile S.A. (NYSE:ENIC) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $4.30.

A number of equities analysts have issued reports on the company. Zacks Research upgraded Enel Chile to a “hold” rating in a report on Monday, December 15th. Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Morgan Stanley restated an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Finally, Santander cut shares of Enel Chile to a “neutral” rating in a research report on Wednesday, January 28th.

Institutional Investors Weigh In On Enel Chile

A number of hedge funds have recently added to or reduced their stakes in ENIC. Arax Advisory Partners raised its position in shares of Enel Chile by 320.4% during the fourth quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 5,832 shares during the period. Cibc World Market Inc. acquired a new stake in Enel Chile in the 4th quarter valued at $40,000. Savant Capital LLC bought a new stake in Enel Chile during the 2nd quarter valued at $37,000. MML Investors Services LLC acquired a new position in Enel Chile during the fourth quarter worth $43,000. Finally, Foster Group Inc. bought a new position in shares of Enel Chile in the third quarter valued at $42,000. Institutional investors and hedge funds own 3.20% of the company’s stock.

Enel Chile Trading Down 5.2%

Shares of Enel Chile stock opened at $3.92 on Wednesday. The business has a 50-day moving average price of $4.20 and a two-hundred day moving average price of $3.98. Enel Chile has a 1-year low of $2.85 and a 1-year high of $4.51.

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

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.