Enel Chile S.A. (NYSE:ENIC) Short Interest Update

Enel Chile S.A. (NYSE:ENIC) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 633,063 shares, an increase of 21.0% from the February 26th total of 522,986 shares. Based on an average daily trading volume, of 522,791 shares, the short-interest ratio is currently 1.2 days.

Enel Chile Price Performance

NYSE ENIC opened at $4.10 on Thursday. Enel Chile has a 1 year low of $2.85 and a 1 year high of $4.51. The stock has a market capitalization of $5.66 billion, a PE ratio of 10.24 and a beta of 0.98. The business’s 50-day moving average is $4.14 and its 200 day moving average is $3.99.

Enel Chile (NYSE:ENIC) last released its quarterly earnings results on Saturday, February 14th. The utilities provider reported $0.14 EPS for the quarter. The business had revenue of $1.18 billion during the quarter. Enel Chile had a return on equity of 9.81% and a net margin of 11.53%. As a group, equities research analysts anticipate that Enel Chile will post 0.45 earnings per share for the current year.

Institutional Trading of Enel Chile

Several large investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners increased its position in Enel Chile by 320.4% during the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 5,832 shares during the period. Cibc World Market Inc. bought a new stake in shares of Enel Chile during the 4th quarter valued at about $40,000. Foster Group Inc. purchased a new position in shares of Enel Chile during the third quarter valued at about $42,000. MML Investors Services LLC bought a new position in Enel Chile in the fourth quarter worth about $43,000. Finally, Caprock Group LLC purchased a new stake in Enel Chile in the third quarter worth about $48,000. Institutional investors own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Santander lowered Enel Chile to a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $4.30 price target on shares of Enel Chile in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Enel Chile to a “hold” rating in a report on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Enel Chile has an average rating of “Hold” and a consensus target price of $4.30.

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.