Enel Chile (NYSE:ENIC) Upgraded at Scotiabank

Scotiabank upgraded shares of Enel Chile (NYSE:ENIC) to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Santander cut Enel Chile to a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Enel Chile from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.30.

Enel Chile Stock Up 1.0%

Shares of NYSE:ENIC opened at $4.56 on Thursday. Enel Chile has a 12-month low of $3.10 and a 12-month high of $4.62. The business’s 50 day moving average is $4.15 and its 200 day moving average is $4.06. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 11.39 and a beta of 0.97.

Enel Chile (NYSE:ENIC) last released its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.14 earnings per share for the quarter. Enel Chile had a return on equity of 9.81% and a net margin of 11.53%.The business had revenue of $1.18 billion during the quarter. As a group, equities research analysts expect that Enel Chile will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arax Advisory Partners raised its position in shares of Enel Chile by 320.4% in the 4th quarter. Arax Advisory Partners now owns 7,652 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 5,832 shares in the last quarter. Cibc World Market Inc. bought a new position in Enel Chile during the 4th quarter valued at approximately $40,000. SmartHarvest Portfolios LLC bought a new position in Enel Chile during the 1st quarter valued at approximately $43,000. MML Investors Services LLC bought a new position in Enel Chile during the 4th quarter valued at approximately $43,000. Finally, Caprock Group LLC bought a new position in Enel Chile during the 3rd quarter valued at approximately $48,000. 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.