Brokerages Set Enel Chile S.A. (NYSE:ENIC) PT at $4.65

Enel Chile S.A. (NYSE:ENIC) has been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $4.65.

A number of brokerages have recently weighed in on ENIC. Wall Street Zen downgraded Enel Chile from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 10th. Btg Pactual set a $5.00 target price on shares of Enel Chile in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Enel Chile in a report on Friday, July 17th. Itau BBA Securities cut shares of Enel Chile to a “market perform” rating in a research note on Friday, July 10th. Finally, Scotiabank upgraded Enel Chile to a “strong-buy” rating in a research report on Thursday, April 23rd.

Institutional Trading of Enel Chile

A number of hedge funds have recently bought and sold shares of the company. Eastern Bank bought a new stake in shares of Enel Chile in the 2nd quarter worth approximately $33,000. Bank of America Corp DE raised its stake in shares of Enel Chile by 872.6% during the first quarter. Bank of America Corp DE now owns 117,225 shares of the utilities provider’s stock valued at $462,000 after acquiring an additional 105,172 shares during the last quarter. Amundi purchased a new stake in Enel Chile in the 1st quarter worth approximately $443,000. Royal Bank of Canada boosted its holdings in Enel Chile by 12.0% in the first quarter. Royal Bank of Canada now owns 654,043 shares of the utilities provider’s stock valued at $2,577,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Enel Chile by 13.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 177,103 shares of the utilities provider’s stock valued at $698,000 after purchasing an additional 20,625 shares in the last quarter. Institutional investors own 3.20% of the company’s stock.

Enel Chile Stock Performance

Shares of NYSE ENIC opened at $4.38 on Tuesday. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 11.23 and a beta of 1.02. Enel Chile has a fifty-two week low of $3.10 and a fifty-two week high of $4.74. The firm’s 50-day simple moving average is $4.37 and its 200 day simple moving average is $4.29.

Enel Chile (NYSE:ENIC) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Enel Chile had a return on equity of 9.50% and a net margin of 11.04%.The business had revenue of $1.20 billion during the quarter. On average, sell-side analysts predict that Enel Chile will post 0.46 EPS for the current year.

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.