Enel Chile S.A. (NYSE:ENIC) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC trimmed its stake in shares of Enel Chile S.A. (NYSE:ENIC) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,125 shares of the utilities provider’s stock after selling 10,801 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Enel Chile were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisors Preferred LLC bought a new position in Enel Chile in the 4th quarter worth approximately $25,000. Intelligence Driven Advisers LLC bought a new stake in shares of Enel Chile during the 4th quarter worth $31,000. Caprock Group LLC purchased a new stake in shares of Enel Chile in the fourth quarter valued at $32,000. Wealthstream Advisors Inc. purchased a new stake in shares of Enel Chile in the fourth quarter valued at $37,000. Finally, Truist Financial Corp purchased a new stake in shares of Enel Chile in the fourth quarter valued at $38,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Enel Chile from a “buy” rating to a “hold” rating in a report on Friday.

Enel Chile Price Performance

NYSE ENIC opened at $3.72 on Friday. The firm has a market cap of $5.14 billion, a P/E ratio of 6.09 and a beta of 0.90. The stock’s 50-day moving average is $3.42 and its two-hundred day moving average is $3.13. Enel Chile S.A. has a fifty-two week low of $2.51 and a fifty-two week high of $4.05.

Enel Chile (NYSE:ENIC) last issued its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $1,054.59 billion for the quarter, compared to the consensus estimate of $1,095.67 billion. Enel Chile had a return on equity of 15.48% and a net margin of 17.33%. On average, equities analysts expect that Enel Chile S.A. will post 0.45 EPS for the current year.

Enel Chile Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be given a dividend of $0.1779 per share. This represents a yield of 5.8%. The ex-dividend date is Friday, May 16th. Enel Chile’s dividend payout ratio (DPR) is presently 157.14%.

Enel Chile Company Profile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.